But the Red Sea shipping scenario with the Houthis attacks ... the ongoing Red Sea crisis has had a bigger impact on box-ship employment than covid, helping propel earnings to remarkable highs ...

When President Donald Trump ordered military strikes last weekend against the Houthi militia in Yemen, he said the militia's attacks on commercial shipping in the Red Sea had harmed global trade.

At the despatch box on Wednesday, Mr Healey said: “This is a matter of freedom of navigation. “It’s a matter of international law, but it’s a matter of economic self-interest for us in Britain because ...

In a similar statement a spokesperson for BP announced that “in light of the deteriorating security situation for shipping in the Red Sea, BP has decided to temporarily pause all transits.” ...