Captain Lyubomir Chanev and Senior Mate Danail Veselinov have been released and are expected to return to Bulgaria today. The two sailors, part of the crew of the cargo ship "Galaxy Leader," were taken hostage in the Red Sea in late November 2023.

Yemen's Houthi rebels have released the crew of the Galaxy Leader, a vehicle carrier seized in November 2023 at the start of their attacks on shipping in the Red Sea corridor over the Israel-Hamas war.

The Houthis said over the weekend they would stop attacking transiting vessels as long as the cease-fire holds. But big-box ship operators said it would take some time before secu

Yemen's Iran-aligned Houthis have released the crew of the Galaxy Leader more than a year after they seized their

Yemen's Iran-aligned Houthis have released the crew of the Galaxy Leader more than a year after they seized the Bahamas-flagged vessel off the Yemeni Red Sea coast, Houthi-owned Al Masirah TV reported on Wednesday.

The US branded the Houthi release of the Galaxy Leader crew as insufficient and demanded a permanent end to the group’s attacks on shipping in the Red Sea. The State Department welcomed the release of the 25-strong crew from the 5,100-ceu car carrier (built 2002) but said that the ship remained “stolen property” of the rebel group.

The United States and Japan called on Yemen's Iran-backed rebel group Houthis to cease its attacks in the Red Sea following the release of the detained MV Galaxy Leader crew on January 22.

Bulgaria’s Foreign Ministry also confirmed ... the rebel group to end their maritime assaults that have plagued the Red Sea and Gulf of Aden for months. The terrorist group began attacking ...

Yemen’s Houthi rebels said they have released the crew of the Galaxy Leader, a vehicle carrier seized in November 2023 at the start of their campaign in the Red Sea corridor. The rebels said they released the sailors after mediation by Oman.

Suez Canal Authority Chairman Osama Rabie has told shipping giant AP Moller-Maersk there are signs of stability returning to the Red Sea, and urged the company to take that into account when planning sea routes,

Russia's second-largest oil producer Lukoil plans to raise around $2 billion from the sale of its Burgas oil refinery in Bulgaria, RIA news agency reported late on Thursday quoting Bulgaria's Prime Minister Rosen Zhelyazkov.

Supply chains have had to deal with higher shipping costs, product delivery delays, and increased carbon emissions as a result of this diversion. The Gaza ceasefire gave some hope that the disruption would finally end. But shipping lines will not hurry back to the region until long-term security is guaranteed.