No sign of U.S. recession in freight demand, CEO of shipping giant Maersk says
Shipping giant Maersk, considered a barometer for global trade, is not seeing signs of a U.S. recession as freight demand…
Baltimore key shipping channel fully reopens after Francis Scott Key Bridge collapse
The main passageway into the Baltimore port was fully restored after the March 26 collapse of the Francis Scott Key…
Houthis claim ‘catastrophic’ attack in Red Sea that prompted crew to abandon ship
The Iran-backed Houthi militant group on Sunday damaged a ship offshore Yemen, prompting its crew to abandon the vessel in…
Biden designates Houthis terrorist group, as U.S. ramps up Red Sea counterstrikes
The U.S. State Department on Wednesday designated the Iranian-backed, Yemen-based Houthi rebels as specially designated global terrorists, or SDGTs, in…
Shipping boss says ongoing Red Sea disruption could have ‘significant consequences’ for global growth
Ongoing disruption to trade flows through the Red Sea could hit global economic growth, the head of one of the…
Global shipping delays cast shadow over strong December jobs report
WASHINGTON — The strong December jobs report released Friday capped off a year of economic wins for the Biden administration.…
Ikea says products will be delayed due to Red Sea diversions
Ikea warned of delays on some products due to the mass diversion of shipping containers from the Red Sea over…
Shipping giant Maersk unveils world’s first vessel using green methanol
Copenhagen, DENMARK — Shipping giant Maersk on Thursday presented its first container vessel moved with green methanol, a landmark moment…
