[ad_1] Updated Jan. 16, 2024 12:30 pm ET British oil major Shell suspended all shipments through the Red Sea after U.S. and U.K. strikes on Yemen’s Houthi rebels triggered fears…
Tag: Marine Freight
Air France-KLM, CMA CGM to End Cargo Deal, Start Talks on New Terms
[ad_1] Air France-KLM and shipping company CMA CGM plan to withdraw from a cargo-cooperation agreement, citing a tight regulatory environment in key markets, and are in talks for new terms.…
Houthis Turn Their Sights on U.S. Ships, Vow to Keep Attacking Red Sea Targets
[ad_1] Updated Jan. 15, 2024 12:57 pm ET Fresh attacks targeted American ships in the Middle East, days after the U.S. led a round of strikes meant to diminish the…
Maersk Pauses Transit Through Red Sea Until Further Notice After Attack on Ship
[ad_1] Danish shipping giant A.P. Moeller-Maersk said it will pause all transit through the Red Sea and Gulf of Aden until further notice following the attack on its vessel Maersk…
U.S. Navy Destroys Boats Controlled by Iran-Backed Militias in Red Sea
[ad_1] By Benoit Faucon and Carrie Keller-Lynn Updated Dec. 31, 2023 11:26 am ET Listen to article (2 minutes) A U.S. Navy vessel destroyed three boats carrying pro-Iranian Yemeni rebels…
U.S. Says Iran Drone Struck an Oil Tanker Near India
[ad_1] A chemical tanker in the Indian Ocean was struck by a drone launched directly from Iran early Saturday, the Pentagon said, signaling a widening risk to shipping after Yemeni…
Houthi Rebel Attacks Rattle Global Shipping
[ad_1] Updated Dec. 12, 2023 8:31 pm ET Yemen’s Houthi forces have attacked several commercial ships crossing through the Bab el-Mandeb strait in recent days, creating a new front in…
Bankrupt Bed Bath & Beyond Seeks $300 Million From MSC Line for Pandemic Shipping Charges
[ad_1] The bankruptcy estate of Bed Bath & Beyond has filed the largest ever lawsuit with the Federal Maritime Commission, seeking around $300 million from Mediterranean Shipping Co. for allegedly…
Maersk to Cut 10,000 Jobs as Cargo Boom Ends
[ad_1] Updated Nov. 3, 2023 8:16 am ET Shipping and logistics giant A.P. Moller-Maersk said it would cut more than 10,000 jobs, as a pandemic-fueled cargo boom has ended, leaving…