[ The CEO of Maersk, the world’s biggest shipping company, warned of “significant” consequences on global growth due to the disruptions in the Red Sea caused by Yemen’s Houthi rebels attacks. “It’s unclear to us if we are talking about re-establishing safe passage into the Red Sea in a matter of days, weeks or months … It … Read more
[ AP Moller-Maersk will use rail transport to avoid the drought-hit Panama Canal, the Danish shipping giant said late on Wednesday, as low water levels have caused one of the world’s main maritime trade routes to reduce crossings. The Panama Canal Authority (ACP) has reduced the amount and weight of vessels passing through based on … Read more
[ TOKYO: Oil prices rose in early Asian trade on Thursday as persistent fears over escalating tensions in the Middle East outweighed easing concerns about transport disruptions as some global shipping firms said they were returning to the Red Sea route. Brent crude futures climbed 20 cents, or 0.3%, to $79.85 a barrel by 0133 … Read more
[ AP Moller-Maersk, the world’s second-largest container line, said it’s preparing to resume shipping through the Red Sea, thanks to a new multi-national maritime task force to protect vessels from attacks by Houthi rebels from Yemen.“We are working on plans for the first vessels to make the transit and for this to happen as soon … Read more
