Shippers have already diverted over $60 billion in cargo from the Red Sea amid fears of attacks
NEW JERSEY : Shippers have diverted about $65 billion worth of cargo away from the Red Sea as they face the threat of attacks from Houthi militants in
NEW JERSEY : Shippers have diverted about $65 billion worth of cargo away from the Red Sea as they face the threat of attacks from Houthi militants in
GENEVA : MSC, the world’s largest shipping carrier, said it is no longer traveling through the Suez Canal after its container ship, the MSC PALATIUM III, was attacked
NEW YORK : The supply chain crisis is long over, but America’s importers still have a lot to keep them up at night as they plan for 2024.
EGYPT : A container ship has crashed into a bridge in the Suez Canal, the vital trade route between Asia and Europe.The container ship One Orpheus lost control
HAIFA : Israeli container vessels are avoiding the Red Sea region as the conflict in Gaza and the heightened regional tension have increased the risks for all ships
HONG KONG : Any intensification of ship attacks in the Red Sea could tie up 30% of the boxship fleet as more vessels will need to be rerouted,
It has been speculated that one of the reasons behind Israel’s desire to eliminate Hamas from the Gaza Strip and completely control the Palestinian enclave is to give itself the
CAIRO : Fees for transiting the Suez Canal are set to rise by 15% for most vessel types from the 15 January 2024 with some exemptions for container
DUBAI : The development of the India-Middle East-Europe Economic Corridor (IMEC), unveiled at the G20 Summit two weeks ago, will not threaten established maritime routes like the Suez
COPENHAGEN : Maersk said on Monday it had filed a lawsuit against the owner and operator of container ship Ever Given, which blocked the Suez Canal for six days in