The Missile Defense Agency issued Lockheed Martin a sole source contract worth up to $2.97 billion to upgrade the Aegis ...

Steering clear of the Red Sea and taking the lengthy detour around the Cape of Good Hope, however, adds around 3,500 nautical miles (6,500km) and 10-12 days sailing time to each trip. This ...

The strategically important strait, which connects the Red Sea and the Gulf of Aden, runs past Yemen and there have been more than 10 attacks on ships in the area by the country’s Iran-backed ...

Chilling video shows Houthi rebels hijacking Israel-linked ship in Red Sea, taking crew hostage By . Olivia Land. Published Nov. 21, 2023, ... Romania, Ukraine and Mexico, NYK said.

Ship traffic through the Red Sea is down by around three-fifths since 2023 when the Houthis started targeting ships there in solidarity with Hamas in its war with Israel in Gaza, Mr. Meade said.

An estimated 12% of global trade passes through the Red Sea every year, worth more than $1tn (£790bn). But many shipping firms have begun avoiding the area altogether. Hundreds of giant container ...