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‘Shipping giants’ return to Suez Canal

Several shipping lines, including global giants, have resumed transiting the Suez Canal following the signing of the peace agreement in Sharm el-Sheikh, which led to improved conditions and an end to tensions in the Red Sea region. Experts stated that a discount has been approved on operational risk insurance for ships transiting the Red Sea, …

The post ‘Shipping giants’ return to Suez Canal appeared first on Egypt Independent.

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Trump’s crackdown on Chinese imports has now ended a key shipping exemption – and millions of Americans will soon feel the impact

Many Americans might not have felt major effects from President Donald Trump’s sweeping tariffs – until now. That’s because a major shipping loophole expired at one minute past midnight on Friday. The de minimis exemption, as it’s known, allowed shipments of goods worth under $800 to come into the US duty free, often more or …

The post Trump’s crackdown on Chinese imports has now ended a key shipping exemption – and millions of Americans will soon feel the impact appeared first on Egypt Independent.

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Fatal Houthi rebel attack may be a ‘red line’ in Red Sea shipping crisis

The first fatal attack on a commercial vessel in the Red Sea since Iran-backed Houthi rebels began targeting ships late last year has laid bare the enormous challenge of restoring safe passage along one of the world’s most important trade routes. At least three crew members were killed and four others injured in the assault …

The post Fatal Houthi rebel attack may be a ‘red line’ in Red Sea shipping crisis appeared first on Egypt Independent.

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