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

It will sail around Africa's Cape of Good Hope instead of using the Suez Canal. Read more at straitstimes.com. Read more at ...

This is an archived article and the information in the article may be outdated. Please look at the time stamp on the story to see when it was last updated. (NEXSTAR) – A Netherlands-bound container ...

A large cargo ship that has been grounded in Egypt's Suez Canal since Tuesday is costing $9.6 billion worth of daily marine traffic, according to Bloomberg. The Ever Given container ship, a ...

Egypt is offering temporary discounts on Suez Canal transit fees for certain large vessels, in an effort to boost traffic through the strategic waterway following a fragile ceasefire agreement between ...

Two major shipping groups suspended navigation through the Gulf as conflict flared between the United States, Israel and Iran ...

A potential return to normal Red Sea and Suez Canal routings looms large over the container shipping market outlook, with the shift expected to have a material impact on ship demand and overall market ...

In March 2021, a massive container ship ran aground in the narrowest stretch of the Suez Canal and brought global shipping to a halt. For six days, more than 450 vessels were trapped while an ...