LONDON: Commercial shipping traffic through the Strait of Hormuz has dropped as much as 90% amid escalating conflicts in the Middle East, forcing global maritime trade to reroute around the Cape of Good Hope,
COPENHAGEN: In a renewed shift to safeguard operational reliability, Danish shipping major Maersk has decided to temporarily reroute several of its vessel services away from the Suez Canal corridor, opting instead for the longer
BEIJING : While Western lines double down on familiar passages through Suez and the Cape of Good Hope, Chinese operators now push deeper into Arctic waters, betting that a shorter, harsher route could one
LONDON : Most shipping companies and charterers will continue to route their tankers and cargoes via the longer Cape of Good Hope for the time being, despite the ceasefire agreement between Israel and Hamas,
CAIRO : Live traffic of Container Ships through the Suez Canal and reroutings via the Cape of Good Hope shows the split between different vessel segments when it comes to the impact of the
SEOUL : A second CMA CGM ship in a month, MV CMA CGM Belem. has suffered a container stack collapse while transiting the Cape of Good Hope in severe weather conditions.l The 13,000 TEUs CMA
LONDON : Severe weather conditions near the Cape of Good Hope have brought container traffic to a halt this week, according to analysis by LSEG Shipping Research. Container shipping around the Cape of Good
SANA’A : Yemen’s Iran-backed Houthi militia claimed on Friday that it had attacked Israeli and American ships in the Indian Ocean for the first time, only hours after its leader promised to extend action
YEMEN : The total container ship capacity deployed on trades affected by the Red Sea crisis has increased by 1.26 million TEUs since October 2023, driven mainly by vessel diversions to the Cape of
Global shipping companies’ short-term profitability will benefit from increased freight rates, which exceed the costs of re-routing following persistent attacks on commercial vessels in the Red Sea, Fitch Ratings says. They do not expect