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Greece’s Star Bulk to avoid Red Sea after attacks on its ships

Greece-headquartered Star Bulk will halt sailings through the Red Sea after Yemen's Iran-aligned Houthis attacked two of its ships in recent days, the group's CEO said.

The Houthis have targeted commercial vessels with drones and missiles in the Red Sea since mid-November in what they describe as acts of solidarity with Palestinians against Israel in the Gaza war.

IMF, World Bank warn Gaza war, Red Sea attacks imperil global economy

The IMF and World Bank warned on Monday that the Gaza war and the related attacks on shipping though the Red Sea pose threats to the global economy.

The Israel-Hamas war raging since October has already hit the Middle East and North Africa region's economy, said the International Monetary Fund's managing director Kristalina Georgieva.

Egypt to raise Suez Canal transit fees for ships in 2023

Egypt has said that it will increase transit fees for vessels, including oil-laden tankers, passing through Suez Canal, one of the world's most crucial waterways.

The Suez Canal Authority said in a statement on Sept. 17 that it will add 15 percent to the fees for tankers carrying oil and petroleum products, and 10 percent for dry bulk carriers and cruise ships.

INTERVIEW Israeli Head of Trade: We have fully opened economy with help of intensive vaccination campaign

Israel managed to fully open up the economy earlier this week, with the help of an intensive vaccination campaign and an application that allowed immunized people to have access to public places everywhere, Ohan Cohen, head of the Foreign Trade Administration at the Israeli Ministry of Economy, told AGERPRES in an interview.

Turkey offers help to resolve Suez Canal blockage

Turkey offered Egypt to send the Nene Hatun vessel to help its operations in reopening the Suez Canal after a massive container ship ran aground, Transport Minister Adil Karaismailoğlu told private broadcaster NTV on March 26.

"We have offered help, and we'll send aid if they come with a positive response," he said.

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