Maersk will continue to divert vessels away from the Gulf of Aden and Red Sea and toward the southern tip of Africa despite Yemen's Houthis announcing they will curb their attacks on ships, the container shipping giant said on Friday.The Danish shipping company said the announcement by the Iran-backed militant group was 'a very welcome step in the right direction towards stability and eventual normality for the global shipping industry'…
Ships not linked to Israel could begin returning to the Red Sea in as little as two weeks, DP World's deputy chief executive said, adding that could see freight prices 'come crashing down'.Sea freight prices could drop 'at least 20%, 25%' and that could happen over two to three months…
Secretary-General of the International Maritime Organization (IMO) Mr. Arsenio Dominguez has welcomed the release of the crew of the MV Galaxy Leader, after more than a year in captivity.The Secretary-General issued the following statement:…
GAO-25-106953, published today, says, 'Additional Efforts Needed to Assess the Effectiveness of DHS's Approach.'Fast FactsThe U.S. economy depends on the efficient flow of millions of tons of cargo each day throughout the global supply chain…
Companies transporting their products around the world are not ready to return to the Red Sea trade route in the wake of a Gaza ceasefire deal because of uncertainty over whether Yemen's Houthis will continue to attack shipping, industry executives said…
