Ships not linked to Israel could begin returning to the Red Sea in as little as two weeks, DP World's deputy chief executive said, adding that could see freight prices "come crashing down".
Despite recently touting a Suez route, Mediterranean Shipping Company (MSC) said it will stick to Cape of Good Hope until further notice.
Operations at a Red Sea port in Yemen used for aid imports have fallen to about a quarter of its capacity, a UN official said on Tuesday, adding it was not certain that a Gaza ceasefire would end attacks between the Iran-backed Houthis and Israel.
Yemen’s Houthi rebels said they will cease attacks on Israel and on merchant shipping in the Red Sea as a ceasefire between Israel and Hamas took effect
Hapag-Lloyd reiterated it will return to the Red Sea "when it is sufficiently safe to do so," while Maersk said it was too early to speculate.
One of the Israeli hostages freed on the first day of the Gaza ceasefire said Monday in her first comments since being released that she has “returned to life.”
If President Donald Trump’s personnel moves are any tell, he may come out of the gate toward Iran with a tone that is more diplomatic than combative.
US President Donald Trump’s decision to once again categorize the Houthis in Yemen as a terrorist organization marks “the beginning of their end,”
A Holocaust survivor who lived through four concentration camps as a young boy will return to Auschwitz to mark 80 years since the liberation of one of the Nazi's most notorious concentration camps.
MANILA: The 17 Filipino seafarers recently released by the Yemeni Islamist group Houthis were set to arrive in the Philippines on Thursday night (Jan 23) after more than a year in captivity, the Department of Migrant Workers (DMW) said.