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.
Credit evaluator Fitch Ratings is changing its outlook for global container shipping in a move that could make it easier for vessel operators to issue debt or borrow money.
Rates on Asia-U.S. West Coast and Asia-U.S. East Coast container transport fell for the latest week tracked by Freightos but rose by double digits for Asia-Europe/Mediterranean traffic.
US forces defeated an attack by Yemen-based Houthi rebels on a trio of merchant ships and two destroyers in the Gulf of Aden.
With the freight recession seemingly in the rearview mirror, FreightWaves’ transportation market experts advise on how to prepare for 2025.
Ocean container rates to the U.S. remained steady as shippers maneuver to minimize the effects of higher tariffs and a potential port strike in 2025.
U.S. Navy warships fought off airborne attacks on a trio of American merchant vessels by Yemen-based Houthi militia.
The Port of Los Angeles posted record container volume in October on resilient consumer spending and a strong economy.
Zim saw a decision to leverage its business against spot rates pay off on surging demand in the trans-Pacific trade.
The American Apparel & Footwear Association said the U.S. should do more to protect Mideast shipping as attacks on vessels spur “unsustainable” higher costs and delays.
he third-largest ocean container carrier, CMA CGM, saw bottom-line improvement as higher rates on vessel diversions amplified a single-digit volume increase.
An extensive study by a U.N. panel found that Yemen’s Houthi rebels are taking in as much as $180 million a month in protection money from shipowners.
Alone among major liner operators, CMA CGM of France has maintained scheduled voyages between Asia, the Mediterranean and North America ports via the turbulent Red Sea.
Ocean Network Express posted soaring results in the second quarter on strong demand in the major trades, an early peak season in the U.S. and attacks on the Red Sea trade route.
Russia conveyed Iranian data to help Houthi rebels in Yemen attack commercial shipping in the Red Sea.
German transportation provider Hapag-Lloyd reported preliminary nine-month profits and raised its full-year forecast as vessel diversions pushed up shipping rates.
Airfreight volumes are buoyant during the typically slow summer season. One theory is that businesses are ordering sooner to avoid late deliveries for second-half shopping holidays, which could mean the busy season will be less busy than expected.
Extremely rough seas have made it impossible for commercial shipping to operate around the lower end of South Africa, adding to supply chain disruptions.
