A shipping container after seven years on the seafloor. Soon after it left the Port of Oakland, California, in February 2004, the shipping vessel Med Taipei hit a strong winter storm with violent ...
The resulting delays and extra costs for shipping companies have fueled concerns that consumers, still struggling after a prolonged spell of rampant inflation, could be hit with fresh price rises.
Houthi attacks on cargo ships have cut Red Sea container traffic by almost 30% since late last year, according to the International Monetary Fund. The Red Sea is an important shipping conduit for the ...
Global container losses at sea rose to 576 in 2024, more than double the record-low 221 containers lost in 2023, according to the World Shipping Council’s (WSC) latest Containers Lost at Sea report.
NEW DELHI, Jan 5 (Reuters) - India's defence ministry is providing protective escorts to Indian container ships in the high seas around the Red Sea as the security situation there continues to simmer, ...
HELSINKI, Dec 15 (Reuters) - Danish shipping company A.P. Moller-Maersk (MAERSKb.CO), opens new tab will pause all container shipments through the Red Sea until further notice, a spokesperson for the ...
Crew Abandon HK-Flagged Container Ship in Red Sea After Fire, Sources Say LONDON/ATHENS (Reuters) - The crew of the Hong Kong-flagged ASL Bauhinia have abandoned the container ship in the Red Sea ...
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