BP has become the latest firm to pause travel through the Suez Canal following a series of attacks on vessels by Houthi militants from Yemen. In a statement Monday, BP said the safety of its workers was its priority. “In light of the deteriorating security situation for shipping in the Red Sea, bp has decided to temporarily pause all transits through the Red Sea,” it said. “We will keep this precautionary pause under ongoing review, subject to circumstances as they evolve in the region.” It comes after shipping giants MSC, Hapag-Lloyd, CMA CGM and Maersk all announced a suspension of travel through the Red Sea due to ... (full story)