Since the assault by Iran-backed Houthis began in December, 39% fewer ships are moving through the Suez Canal, leading to a 45% decline in freight tonnage
Attacks by Iran-backed Houthis have doubled the cost of exports from India and cast a shadow over China's commercial interests and major investments along the Suez Canal
A tanker was reportedly seized on Thursday by armed men near Oman and headed toward Iran; attacks on vessels near the Red Sea are taking a toll on global commerce.
Shipping giants are bracing for significant disruptions to affect key routes like the Panama Canal and knock complex vessel schedules out of sync
Uncertainty in the Red Sea, after Yemen's Houthi militant group began targeting vessels this month, is threatening to worsen the global surge in inflation
From chartering cargo planes to pairing sea and land transport, exporters are making desperate plans to ensure toys, apparel, tea and auto parts reach retailers
The financing pledge came on the same day as China’s CHEC announced plans to invest $1.56 billion in a port city project near Colombo
Located north of the present conflict zone, Haifa is one of Israel's biggest and most vital ports
But analysts warned China might struggle to move the needle into the green any time soon amid uncertain household income expectations
The move comes amid repeated warnings from Chinese officials of a severe and complicated situation for foreign trade as export orders plunge
Chinese delegations of city and business officials are crossing the border more frequently than ever, in trips ranging from Hong Kong to Paris, to "grab investment"