Egypt's Suez Canal has seen a sharp revenue drop of 60 percent and a 49PC decline in ship traffic since the beginning of 2024, as unrest in the Red Sea region disrupts global shipping.
Addis Ababa — 'Abiy sees this as his historical legacy, giving Ethiopia access to the Red Sea.' Tensions are running high in the Horn of Africa as Somalia continues to demand Ethiopia annuls a ...
A.P. Moller Maersk and Hapag-Lloyd plan to begin their partnership sailing south of Africa, indicating they expect the Red Sea to remain unsafe well into 2025.