Vincent Clerc speaks to ‘massive impact’ of the Red Sea situation on global supply chains
COPENHAGEN : Maersk CEO Vincent Clerc has said that the coming months will be challenging for carriers and businesses alike, as the Red Sea situation stretches into the third quarter of 2024. Speaking at
Singapore Port congestion shows global impact of Red Sea attacks
SINGAPORE : Congestion at Singapore’s container port is at its worst since the Covid-19 pandemic, a sign of how prolonged vessel re-routing to avoid Red Sea attacks has disrupted global ocean shipping, with bottlenecks
FMC says D&D cases trebled since pandemic, set to reach historical highs
WASHINGTON DC : Detention and demurrage (D&D) cases handled by the Federal Maritime Commission (FMC) in the United States have trebled since the pandemic and are set to reach historical highs by the end
Merchant ship attacked by drone off coast of Yemen in Red Sea : UK agency
HODEIDA : A merchant ship was damaged by a drone attack in the Red Sea near Yemen early Sunday morning, though no injuries were reported, according to a British maritime security agency. Vessels in
Shipping industry urges Red Sea action as Houthis sink second vessel
LONDON : Urgent action must be taken in the Red Sea to stop attacks on merchant shipping by Yemen’s Houthis, leading industry groups said on Wednesday, after the sinking of a second ship. Iran-aligned
AI can help shipping industry cut down emissions : Reports
The global commercial shipping industry could cut down its carbon emissions by 47 million tonnes per year by deploying artificial intelligence for sea navigation, a study by autonomous shipping startup Orca AI showed on
Ocean freight rates in rough waters on congestion, Red Sea crisis
LONDON : Indian traders are reeling under the impact of rising ocean freight rates, triggered by the Red Sea crisis and congestion at several key ports in the global supply chain, causing container prices
Singapore Port container logjam worsens as ships avoid Red Sea
SINGAPORE : Singapore’s port, already one of the busiest in the world, is facing a sustained period of congestion as vessel diversions to avoid the Red Sea push more container ships to the Asian