Maersk: No timeline for Red Sea return
Maersk denied reports that it has set a timeline to resume services through the Red Sea-Suez Canal route.
Maersk denied reports that it has set a timeline to resume services through the Red Sea-Suez Canal route.
Yemen militia’s possible halt to Red Sea attacks may drastically cut shipping freight rates, but uncertainties persist.
Container lines are using rate hikes and blank sailings to manage capacity surplus and faltering demand.
The Suez Canal Authority held discussions with major ocean shipping lines to discuss a return to the strife-torn Red Sea route.
A Danish diplomat said shipping giant Maersk is closely following events in the Middle East as it eyes a return to the Suez Canal.
Plans to end the war in Gaza should help global shipping return to the Suez Canal in 2025, the waterway’s chief said.
While Israel and Hamas meet to discuss a U.S. proposal for ending the war in Gaza, it’s uncertain whether a peace deal will return major shipping lines to the Red Sea and Suez Canal.
Yemen’s Houthi rebel militia said it is escalating its campaign against Israel-linked shipping, regardless of a ship’s destination.
Containerized imports through U.S. ports staged a modest comeback in June following a sharp drop in May.
A merchant vessel has been attacked in the Red Sea, the first such incident in 2025.
Yemen’s Houthi rebels said they have not agreed to cease attacks on shipping in the Red Sea, contradicting claims made by President Donald Trump.
A top-secret group chat of U.S. officials discussing details of attacks aimed at reopening Red Sea shipping inadvertently included a journalist.
While the head of the Suez Canal expects shipping to normalize by late March, container shipping lines see a longer timeline.
CMA CGM, the French container line that has continued to transit the Red Sea despite attacks on shipping, said it will continue to route most of its affected services away from the region.
Houthi rebels said they will end attacks on Israel and on merchant shipping in the Red Sea in the wake of a ceasefire between Israel and Hamas.
Israel and Hamas agreed to a ceasefire, raising questions as to when major container lines will return to the Red Sea.
American forces said friendly fire was responsible for shooting down an F/A-18 Hornet fighter jet during military operations battling Iran-backed Houthi rebels in the Red Sea.
The rebel militia that has spent the past year terrorizing Red Sea shipping may be taking a new tack as events unfold in the Mideast.
American military forces protecting Red Sea shipping launched an airstrike against Houthi rebel bases inside Yemen.
US forces defeated an attack by Yemen-based Houthi rebels on a trio of merchant ships and two destroyers in the Gulf of Aden.