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 ...
[Stay on top of transportation news: Get TTNews in your inbox.] Short-term rates for container shipping between Asia, Europe and the U.S. are climbing on reduced capacity caused by the threats to ...
If carriers return to Suez Canal routes in large numbers, BIMCO estimates that ship demand could drop by around 10% as ...
HAMBURG, Germany — Container shipping through the Red Sea and Suez Canal has declined again in response to the conflict in the Middle East, after recovering to some extent, a German economic think ...
Houthi attacks on cargo ships have cut Red Sea container traffic by almost 30% since late last year, according to the International Monetary Fund. The Red Sea is an important shipping conduit for 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 ...
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 ...
The Houthis have seen enough. The tenuous Gaza ceasefire has led the Yemen-based militia to announce a pause in attacks on merchant vessels in the Red Sea, raising hopes for a return of large-scale ...
Egypt launches trial operations at Red Sea Container Terminal No. 1 at Sokhna Port as the first vessel docks, supporting its hub port ambitions ...
ZIM Integrated Shipping Services is a deep-value opportunity trading at 0.56x book value headed into a rapidly rising earnings environment. Based on interviews with experts, I believe that the Red Sea ...
Container shipping rates from Asia to Europe rose for a seventh straight week, reflecting tighter capacity as more vessels avoid the threat of attacks in the Red Sea and take the long way around ...
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 ...