shipping

Some big shipping companies are starting to reroute through the iconic waterway once again, with more problems currently in the Strait of Hormuz and the Arabian Gulf than in the Red Sea

Analysts say Europe-Asia trade could become faster and cheaper if cargo ships use the North-East Arctic Passage as an alternative to the Red Sea, but there are problems to overcome.

With almost 100 vessels, including 42 large crude carriers, the company is outperforming its competitors. Analysts say this owes something to its diversified structure and links to Saudi oil exports.

International trade is coordinated through numerous shipping lanes worldwide. According to the International Maritime Organisation (IMO), about 90% of goods moved globally travel by ocean – however,…