The CEO of the world’s fifth-largest liner says vessels and crews are stuck in Persian Gulf; warns on oil-price rise.

Shipping giant Maersk has halted its operations and sailings in the wake of the US-Israel-Iran latest conflicts. Due to the deteriorating security situation in the Middle East region following ...

Arab Finance: Maersk will temporarily reroute some of its vessels away from the Suez Canal, citing “unforeseen constraints” ...

The shift comes in reaction to the growing possibility of a military confrontation between the United States and Iran.

While major shipping lines cut short their return and war threatens the region, the Suez Canal Authority said vessel traffic continues apace through the Middle East trade route. The post As shipping ...

Despite ceasefire agreements signed in the region in 2025, shipping companies continue to avoid the Red Sea. Security ...

President Abdel Fattah El-Sisi warned on Sunday, 1 March, that any closure of the Strait of Hormuz would disrupt global oil flows, drive up energy prices, and further impact Egypt’s economy, includi ...

By Louise Rasmussen and Kanjyik Ghosh March 1 (Reuters) - Shipping companies Maersk, Hapag-Lloyd and CMA CGM are rerouting vessels around Africa, away from the Suez Canal and the Bab el-Mandeb Strait, ...

As efforts to dislodge the huge container ship stuck in the Suez Canal intensified Saturday, an animal-rights nonprofit is airing concerns over animals trapped in cargo vessels. Ships carrying ...

CAIRO (AP) — Egypt's revenue from the Suez Canal plunged by almost two thirds last year, officials said Wednesday, attributing the sharp drop to regional tensions and wars in the Middle East that have ...