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 ...
[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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
After nearly 14 months of attacks by Houthi militants, the Red Sea appears no closer to being free of disruption than it did when top ocean carriers elected to avoid the waterway on their journeys.
LITTLETON, Colorado, Jan 17 (Reuters) - The continuing disruption of shipping traffic transiting the Red Sea area looks set to boost vessel emissions as ships that are being rerouted away from the ...
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 ...
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 ...
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 ...