MSC to Divert Shipping Away From Suez Canal After Red Sea Attacks

Swiss-based MSC Mediterranean Shipping Co, the world's largest container shipping company, will stop using the Suez Canal after an attack on one of its ships, it said in a statement Saturday.

Yemen's Iranian-backed Houthi movement has in recent weeks been attacking vessels in the Red Sea - a crucial route allowing East-West trade, especially oil, to use the Suez Canal to avoid the extra time and expense of circum