Oil flow through Red Sea falls by 50% in ’24 – EIA
Oil flows through the Bab el-Mandeb Strait, a key chokepoint at the Red Sea's southern entrance, have fallen by…
Suez Canal revenue down amid Red Sea unrest
The Suez Canal's annual revenue went down to $7.2 billion in the latest fiscal year, down nearly a quarter, as some…
Egypt launches EGP 1.6b worth projects in Red Sea
Egypt's Central Agency for Reconstruction is currently overseeing the implementation of 25 projects with a total…
Egypt, AD Ports Group ink $4.7m deal to develop Red Sea ports
The Egyptian General Authority for Red Sea Ports and the Abu Dhabi Ports Group (ADX) signed A…
Israel’s Eilat Port workers at risk of losing jobs due to Red Sea unrest
Half of the workers at Israel's Eilat Port are in jeopardy of losing their jobs due to a significant financial…
Maersk: Red Sea disruptions could extend to H2 of ’24
Maersk, the Danish shipping company, has warned its clients to expect disruptions in the Red Sea to continue into…
Oil tanker crisis intensifies as Red Sea attacks divert trade
The oil tanker industry’s old warnings about a shortage of new ships are now impacting the market due to Houthi…
Oil prices surge amid Red Sea tensions
Oil prices rose in Asian trade on Wednesday due to concerns about attacks on shipping in the Red Sea and…
Egypt’s S. Canal revenue may partially offset Red Sea attacks impact – Maait
Some of the damage caused by the Red Sea attacks on ships to Suez Canal revenue could be offset by prior growth…
IMF: Red Sea shipping activity down 50% due to Gaza war
Shipping in the Red Sea has decreased by 50 per cent due to geopolitical tensions and the conflict in Gaza,…
