Tag: red sea

red sea

Latest News

Korea rushes to stockpile oil reserves as twin crises threaten global energy and grain supplies

Escalating threats in the Red Sea and Black Sea are raising risks to both global energy and food supplies, with economists warning of stagflation.

2026.7.21

Korea says crude secure through September, Red Sea or not

The government said crude imports are sufficient through September and sees no immediate disruption even if Red Sea shipping is blocked.

2026.7.21

Korean oil tanker clears Red Sea in first since Hormuz blockade

A Korean ship carrying crude oil safely passed through the Red Sea, the country’s first successful use of the bypass route to the effectively blockaded Strait of Hormuz, the Ministry of Oceans and Fisheries said Friday.

2026.4.17

Municipal employees raise the Egyptian flags, during preparations for an international summit on Gaza, amid a ceasefire between Israel and Hamas, at the Red Sea resort of Sharm el-Sheikh, Egypt, on Oct. 11. [REUTERS/YONHAP]

Egypt to convene global leaders, including Trump, in Sharm el-Sheikh on Gaza war agreement

Egypt will host an international summit in the Red Sea resort city of Sharm el-Sheikh on Monday to finalize an agreement aimed at ending the war in Gaza, an Egyptian presidential spokesperson said on Saturday.

2025.10.12

A screen grab taken from a handout video released by the Houthis military media center on July 8 shows the Liberian-flagged bulk carrier, the Magic Seas, sinks after being attacked in the Red Sea off the port city of Hodeidah, Yemen, July 6. [EPA/YONHAP]

British maritime agency Ambrey reports blast near Liberia-flagged tanker off Saudi Arabia's Red Sea port of Yanbu

British maritime security firm Ambrey said on Sunday that a Liberia-flagged, Israeli-owned tanker reported an explosion nearby, southwest of Saudi Arabia's Red Sea port city of Yanbu.

2025.9.1

Container shipping costs surge by 40% on EU-Korea route amid Red Sea crisis

Container shipping costs between Europe and Korea surged by almost 40 percent in February due to tensions in the Red Sea, the highest increase since 2019 since data compiled since 2019.

2024.3.15

Korea to Europe container shipping costs rose more than 70% in January

Container shipping costs from Korea to Europe soared more than 70 percent last month amid escalating tensions in the Red Sea, data showed Thursday.

2024.2.15

The Trade Ministry spokesperson Choi Nam-ho speaks at an emergency meeting on Sunday with domestic oil refiners and state-run operators to discuss import of domestic crude oil and gas amid ongoing attacks from Yemen’s Iran-aligned Houthi rebels in the Red Sea. [NEWS1]

'No disruptions' in oil, LNG imports, Korean Trade Ministry reports

There have been “no disruptions” in the import of domestic crude oil or liquified natural gas (LNG) amid ongoing attacks from Yemen’s Iran-aligned Houthi rebels in the Red Sea, the Ministry of Trade, Industry and Energy said Sunday.

2024.1.14

HMM's Blessing 11,000 TEU containership [HMM]

HMM deploys more vessels in Europe to ease Red Sea shipping crisis

HMM, Korea's largest shipping company, will deploy four temporary vessels on its European and Mediterranean routes in response to the Red Sea shipping crisis fueled by ongoing attacks from Houthi militia in Yemen.

2024.1.10

Tag: red sea

red sea

Latest News

Korea rushes to stockpile oil reserves as twin crises threaten global energy and grain supplies

Korea says crude secure through September, Red Sea or not

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