Red Sea disruption, container freight rates, and shipper disputes
Soaring freight rates and an upturn in financial fortunes are in focus at the US’ Federal Maritime Commission (FMC) as disputes loom.
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Soaring freight rates and an upturn in financial fortunes are in focus at the US’ Federal Maritime Commission (FMC) as disputes loom.
Ami Daniel, CEO of maritime risk monitoring company Windward, says more and more shipping lines are avoiding the risk of sailing to Israel.
In a small patch of the ocean in the Middle East, trouble is brewing - and for one tea company halfway across the world in Reading, it's a real cause for concern.
From IKEA furniture to children's toys and cars, UK shoppers could see delays to a number of their favourite household items as the conflict in the Red Sea continues to remain unsettled and unpredictable.
Thank you very much. we start with the shipping crisis in the red sea. yemen's houthi militant group has claimed responsibility for yet another attack on a container vessel, this one belonging to the french shipping line cma—cgm. it happened late on tuesday — despite the presence of the us navy in the area and it's the latest in a series of attacks which are prompting major shipping lines to take alternative, longer routes. the international chamber of shipping says that one in five commercial vessels are now ships are now avoiding the red sea, which accounts for 12% of global trade. it's ...