Sea

© Reuters. FILE PHOTO: A truck is seen next to containers at the Yangshan Deep Water Port in Shanghai, China, January 13, 2022. Picture taken January 13, 2022. REUTERS/Aly Song/File Photo By Samuel Shen, Casey Hall and Ellen Zhang…

US forces on Tuesday carried out fresh strikes on targets linked with Houthi militants in Yemen, amid disruption to global trade caused by cargo ships diverting to avoid the Iran-backed group’s attacks in the Red Sea.The US military’s…

© Reuters. U.S. Dollar banknote is seen in this illustration taken July 17, 2022. REUTERS/Dado Ruvic/Illustration/File Photo By Ankur Banerjee SINGAPORE (Reuters) -The dollar rose on Tuesday as investors pared back bets on near-term…

© Reuters. FILE PHOTO: Houthi military helicopter flies over the Galaxy Leader cargo ship in the Red Sea in this photo released November 20, 2023. Houthi Military Media/Handout via REUTERS/File Photo By Jonathan Landay and Arshad…

Next has raised its profit forecast for the fifth time in less than a year after reporting better-than-expected sales in the run-up to Christmas. The high street retailer said full-price sales were up 5.7% in the nine weeks to 30…

Houthi rebel disruptions reaching the Straits of Hormuz could double oil prices, Goldman Sachs has warned. In an interview the head of the company’s oil research division Daan Struyven said: “the Red Sea is a transit route and a…

Shipping giant Maersk said Tuesday it will pause operations in the Red Sea “until futher notice” after another attack by Iran-backed Houthi rebels in Yemen over the weekend. “We have decided to pause all transits through the Red…

Volodimyr Trofimov/iStock Editorial via Getty Images Ocean freight rates are surging after Houthi rebels attacked a Maersk ship last weekend caused carriers to suspend plans to restart transits through the Red Sea en route to the Suez…

Two weeks after it was formed, the coalition that the US has been trying to build to protect freedom of navigation in the Red Sea is stuttering. Of the many countries that the US approached, only ten have publicly…

© Reuters. FILE PHOTO: CMA CGM Louis Bleriot and a Maersk Line container ship pass through the Suez Canal in Ismailia, Egypt July 7, 2021. Picture taken July 7, 2021. REUTERS/Amr Abdallah Dalsh By Jacob Gronholt-Pedersen and Ahmed…