Higher cost of shipping to Israel after Houthi attacks is pushing up the cost of shipping elsewhere
Container rates to rally as Hapag-Lloyd joins carriers rerouting vessels away from Suez Read More »
Nicolas Reynard has taken the reins at family investment company Merit
Saade family rings in the changes as fortune dips to $18.6bn Read More »
Canal closure still seen as unlikely but ship diversions could have major impact in some shipping sectors
Suezmaxes at $200,000? Tankers are best bet as Suez Canal swerved, analysts say Read More »
Operation Prosperity Guardian will reportedly be announced this week, possibly during a US defence secretary visit to Bahrain
US readies protection force as Euronav and CMB avoid Suez Canal Read More »
South Korean company is latest liner operator to re-route around Cape of Good Hope
HMM joins growing list of owners avoiding Red Sea route Read More »