The volume of goods moving through Spanish ports rose by 6% in 2024 after they became the first point of call in Europe for many companies avoiding attacks by Houthi militia on shipping in the Red Sea and sending their goods around southern Africa.

Angeliki Frangou and Evangelos Marinakis discuss the geopolitical and financial challenges shaping the shipping industry’s future at The Economist event in Athens

Ukrainian sailors abducted by Yemeni Houthi rebels in November 2023 have been released through a coordinated effort by the Ministry of Foreign Affairs and HUR.

U.S. ships are returning to the Red Sea following promises from Yemen’s Houthi rebels to abstain from attacks on American and British vessels. The pledge, which comes after more than a year of

British and American ships are tentatively returning to the Red Sea after Yemen’s Houthi rebels vowed to hold off attacks on vessels linked to both nations, a sign that traffic on one of the world’s main trade routes could normalize after more than a year of disruption.

The news comes as the Yemeni rebel group release of the crew of the carrier captured in November 2023 as part of attacks on vessels sailing through the Red Sea corridor. The decision is seen as part of de-escalation efforts in the wake of the Gaza ceasefire.

Shipping companies expressed caution about using the shorter route between Asia and Europe that many ships have avoided for more than a year.

A fire aboard the Hong Kong-flagged ASL Bauhinia on Tuesday was not linked to Houthi attacks, the Red Sea and Gulf of Aden Joint Maritime Information Center said on Wednesday.

Supply chains have had to deal with higher shipping costs, product delivery delays, and increased carbon emissions as a result of this diversion. The Gaza ceasefire gave some hope that the disruption would finally end. But shipping lines will not hurry back to the region until long-term security is guaranteed.

Despite a ceasefire in Gaza and assurances from Yemen's Houthi rebels to scale back attacks on international vessels in the Red Sea, major shipping companies remain hesitant to resume using the Suez Canal due to ongoing security concerns.

Yemen’s Iran-backed Houthi movement has released the crew of a cargo ship more than a year after its fighters hijacked the vessel in the Red Sea, as part of its campaign of attacks in support of ...

Ukrainian President Volodymyr Zelensky said Odesa's grand opera house and the five-star Hotel Bristol, a landmark constructed 19th century, were damaged during the shelling. Zelensky added that Norwegian diplomatic representatives were in the epicenter of the attack but avoided harm.