The Red Sea crisis has severely disrupted global trade, increasing shipping costs, rerouting maritime traffic, and causing ...

A.P. Moeller-Maersk reported stronger than expected Q4 profit, boosted by higher freight rates due to Red Sea trade ...

With tensions over the release of Israeli hostages jeopardizing the ceasefire agreement, ocean carriers would seek to avoid ...

Maersk’s container-shipping business revenue increased 39%.

While the head of the Suez Canal expects shipping to normalize by late March, container shipping lines see a longer timeline.

Air cargo should expect the loss of some consumer and retail goods volumes when ocean shipping resumes in the Red Sea and ...

said it would not resume sailing through the Red Sea "until it is safe". Swedish fashion retailer H&M, which uses sea freight to transport most of its products from factories in Asia to Europe ...

when an oversupply of cargo capacity weighed on freight rates. Quarterly revenue came to $14.59 billion, a 24% on-year increase as continued disruption to shipping lanes in the Red Sea pushed up ...

Should the Red Sea fully reopen, however, the main economic impact would be a sudden availability of ships and capacity, which could drive down freight rates for shippers and consumers.

Suez Canal Authority chairman Osama Rabie recently met with Maersk CEO Vincent Clerc, as the ocean carrier and others still ...