Vincent Clerc stressed it would cost “hundreds of millions of dollars” if the ocean carrier brought vessels back to the Suez ...
A.P. Moeller-Maersk hiked its dividend after disruption to shipping lanes in the Red Sea pushed up rates by 38% in the fourth ...
President Volodymyr Zelenskiy said in an interview broadcast on Tuesday that Ukraine was prepared to proceed along a ...
Trump is ramping up military pressure on the Iran-backed Houthis, marking a dramatic shift from Biden's approach. The U.S. is ...
Supply chains have had to deal with higher shipping costs, product delivery delays, and increased carbon emissions as a ...
The move comes as the shipping industry waits for signs that vessel traffic in the Red Sea will begin to return to normal ...
Shipping companies expressed caution about using the shorter route between Asia and Europe that many ships have avoided for more than a year.
Despite recently touting a Suez route, Mediterranean Shipping Company (MSC) said it will stick to Cape of Good Hope until further notice.
U.S. ships are returning to the Red Sea following promises from Yemen’s Houthi rebels to abstain from attacks on American and ...
Despite a ceasefire in Gaza and assurances from Yemen's Houthi rebels to scale back attacks on international vessels in the ...
An explosion has struck a Hong Kong-flagged container ship traveling north through the Red Sea, sparking a major fire that ...
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 ...