Saudi Arabia's military in Yemen has moved in to secure two strategic Red Sea ports and the Bab al-Mandeb Strait after its leading ally the United Arab Emirates substantially reduced its presence ...

About 10 percent of global trade travels through the Suez Canal, but shipping giants Maersk, Hapag-Lloyd, Mediterranean Shipping, and CMA CGM have stopped using it as Iranian-backed Houthi rebels in ...

(Yicai) Dec. 18 -- Shares in Chinese shippers surged today after more shipping giants, including China Ocean Shipping Group, were reported to suspend transport through the Red Sea following a number ...