Add Yahoo as a preferred source to see more of our stories on Google. More major ocean carriers have halted their ships from entering the Red Sea as concerns of escalating attacks on vessels in the ...

Add Yahoo as a preferred source to see more of our stories on Google. As Suez Canal traffic plummets in 2024 with ocean carriers snubbing the conflict-ridden Red Sea, the Houthi militants responsible ...

But the container shipping industry is facing its toughest period in at least a decade. Companies such as MSC, Maersk and CMA-CGM enjoyed a bumper performance in 2021 and 2022 as profits surged ...

Container shipping through the Suez Canal has been severely impacted since late 2023 due to security concerns in the Red Sea related to Houthi attacks, with major carriers rerouting around the Cape of ...

The number of vessels passing through the Suez and Panama Canal have dropped by 50%, Apollo's chief economist noted. That has boosted freight costs as vessels reroute and take longer journeys. "The ...

A.P. Moller - Maersk and Hapag-Lloyd said they will reroute one of their joint container services to transit the Red Sea and ...

Shipping experts believe it could take days or even weeks to free the 224,000-ton vessel that is wedged across the Suez Canal, blocking one of the world's busiest waterways since Tuesday. The Ever ...

The Suez Canal recorded a 24.5 percent increase in revenue, a nine percent rise in vessel traffic, and a 24.2 percent ...

By Jacob Gronholt-Pedersen COPENHAGEN, Feb 5 (Reuters) - Danish shipping giant Maersk said on Thursday falling freight rates, driven by container-vessel overcapacity and the gradual resumption of ...

LONDON/LOS ANGELES (Reuters) - A backlog of container ships carrying consumer goods has grown in some key strategic ports after a near week-long blockage in the Suez Canal, adding to ongoing ...