The Red Sea crisis appears to be going nowhere any time soon. According to recent newsletter from Alphaliner, “most industry stakeholders [are] now banking on continued Cape of Good Hope diversions ...

A shutdown of one of the world’s most critical maritime corridors could disrupt supply chains, spike freight costs, and ...

Potential escalation would compound Hormuz disruptions, shrinking rerouting options and accelerating cost pressures for ocean carriers.

DHL chief executive Tobias Meyer on Wednesday warned the ongoing disruptions to global trade caused by Houthi rebel attacks in the Red Sea could lead to shipping container shortages in Asia in the ...

Online shipping platform Container Xchange also says ocean freight rates rose dramatically on some routes between November 2023 and this February. Persistent Red Sea attacks continue to lead to shifts ...

Global trade disruptions caused by the exodus of shipping companies from the Red Sea are beginning to show and expected to get worse as more major shippers reroute their vessels away from the area to ...

Supply chains have been making news again because of problems in two of the world’s most important shipping lanes: the Red Sea, where Yemen’s Houthi rebels have attacked shipping, and the Panama Canal ...

A.P. Moller-Maersk is raising the lower end of its 2024 outlook it first announced in February, ushering in a positive sign for the wider container shipping industry amid ongoing disruptions in the ...

Some major shipping companies continue to steer clear of the Red Sea, even as others return following a new US-led security operation to safeguard the area — highlighting how fragile the situation ...

This week, oil giant Shell confirmed its tankers are avoiding the Red Sea and Shell's CEO told the Wall Street Journal there would be at least a 5-10% price impact in the short-term. The shipping ...

Yemen’s Houthi rebels on Tuesday launched an attack on another commercial ship in the Red Sea, marking the latest escalation of aggression along shipping routes in the region, the rebel group ...

Vessels transiting the Red Sea have faced attacks over the past several weeks from Yemen-based Houthis, prompting shipping companies to change routes, leading to a spike in freight rates. Longer ...