Ocean freight shipping rates are set to increase further in early February amid the ongoing Red Sea crisis. According to the Xeneta ocean freight rate benchmarking platform, market average short-term…

At least 50 affected countries, a 40% decline in Suez Canal revenues, and German car factories pause production. Al Majalla lays out the economic impact of Red Sea disruptions in numbers.

With 80% of the global goods trade transported by sea, the global economy relies heavily on the shipping industry 

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,…

For 150 years, the narrow passageway has been at the heart of the world's maritime prosperity, but it could soon face competition

Despite a population of just over a millioninhabitants and an area of 23,000 square kilometres, Djibouti, situated on the Bab al-Mandab Strait, one of the most vital waterways in the world, is…