Suez Canal reports 23.4 % drop in revenue

Since shipping companies rerouted around Africa, Suez Canal traffic has dropped 66%, causing port congestion and supply chain disruptions, Maersk reports.

Private companies halted the Sounion oil tanker salvage in the Red Sea, deeming it unsafe, and are now seeking alternative solutions.

EUNAVFOR ASPIDES confirmed private companies are starting the salvage of the Greek oil tanker Sounion, attacked by the Houthis in the Red Sea.

Yemen’s Houthis will allow a tugboat to reach a burning Greek tanker Sounion, despite unclear ceasefire agreements and environmental concerns.

According to the Pentagon, the Greek oil tanker Sounion is leaking oil into the Red Sea after a Houthi attack, risking an environmental disaster.

Multiple fires have been observed on the Greek oil tanker MV Sounion, which was struck by Houthi projectiles last week in the Red Sea.