The oil giant joins shipping firms in suspending travel through the key route following missile strikes.
A new Suez crisis is brewing as oil giant BP joins global shipping companies in pausing cargo transit through the Red Sea following a wave of Houthi rebel ...
Several shipping lines have suspended services through the Red Sea as more than a dozen vessels have been attacked since the start of the Israel-Hamas war.
OIL rose nearly 2 per cent on Monday (Dec 18) as investors worried about disruptions to maritime trade and supply costs after the Iran-aligned Yemeni Houthi ...
Vital shipping lane has become an increasingly dangerous route because of drone, missile attacks. Read more at straitstimes.com.
The UK Maritime Trade Operations (UKMTO) agency is investigating a report of an explosion close to an unnamed vessel in the Baab al-Mandab.
Iranian-backed Houthi militants in Yemen have stepped up attacks on vessels in the Red Sea to show their support for Palestinian Islamist group Hamas ...
HOUSTON (ICIS)โRecent attacks on vessels in the Red Sea and Suez Canal by rebel groups are complicating shipping in the region, with several carriers ...
In the past week, Iran-backed Houthi rebels in Yemen have fired missiles at container ships in the Red Sea in addition to attacking US and allied warships.
Oil prices advanced on Tuesday, extending gains from the previous session, as attacks by Yemen's Iran-aligned Houthi militants on ships in the Red Sea ...
South Korea's HMM is the latest container line to say it is rerouting all vessels from the Red Sea due attacks on shipping by Yemeni Houthi militia.
Vessels to be rerouted via Cape of Good Hope due to threat of Yemeni rebel attacks on Suez route.
Analysts warn delays on the key trading route risk pushing up energy prices following missile strikes.
DEFENCE Secretary Lloyd Austin on Tuesday (Dec 19) said the United States was leading a multinational operation to safeguard commerce in the Red Sea as ...
CAIRO/TOKYO -- Container shipper Ocean Network Express will reroute vessels away from the Red Sea in response to mounting attacks on ships by Hou.
Several shipping companies and a few liquefied natural gas (LNG) tankers have decided to avoid the world's main East-West trade route, following attacks ...
A number of container ships are anchored in the Red Sea and others have turned off tracking systems as traders adjust routes and prices in response to ...
Carriers are re-routing vessels as a direct result of 15 strikes in the Red Sea since the start of the Israel-Hamas war in October.
Shipowners and operators continue to divert vessels from the Red Sea as they adopt a wait and see approach to US-led naval protection force.
Oil prices ticked higher after rising more than 1% in the previous session on jitters over global trade disruption and geopolitical tensions in the Middle ...
Attacks from the Houthis on shipping vessels have increased in response to the war in Gaza, with BP halting all shipments of oil and gas through the region.
Brent crude futures rose 23 cents, or 0.3%, at $79.46 a barrel by 0730 GMT, while U.S. West Texas Intermediate crude climbed 30 cents, or 0.4%, to $74.24 a ...
A number of container ships are anchored in the Red Sea and others have turned off tracking systems as traders adjust routes and prices in response to ...
Returning north and then voyaging around Africa will end up costing these vessels more than $2 million each in bunker and Suez transit costs, according to ...
The numerous attacks originating from Houthi-controlled territories in Yemen, including the December 3 attacks against three commercial vessels in the Southern ...