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World's No. 1 shipper pleads with Congress to help end Houthi 'chaos'

MSC, the world's largest shipper, joined retail and maritime experts in warning Congress about Houthi 'chaos' and the impact on freight and consumer prices. ....

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Maersk: Shipping boss says Red Sea disruption could hit global growth

Maersk CEO Vincent Clerc said it was unclear whether Red Sea trade would resume in "days, weeks or months." ....

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Red Sea crisis could jeopardize inflation fight as shipping costs spike globally

JPMorgan told clients the fight against inflation could stall in the coming months if shipping costs push the price of goods higher. ....

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Panama Canal drought moves Maersk to start using land bridge for cargo

Shipping giant Maersk informed clients this week that the Panama Canal's low water levels are forcing it to move Oceania cargo by a land bridge. ....

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Chinese shipper Cosco reportedly stops trips to Israel amid Red Sea tensions

Shipping giant Cosco has suspended shipping to Israel through the Red Sea as tensions in the strategic shipping lane continue to rise, according to Israeli media. ....

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