Container shipping rates had declined from the third quarter of 2021 into the third quarter of 2023, Burke told MarketWatch. But the rates rose 150% from Dec. 31, 2023, to Jan. 29, 2024, the ...

Attacks on container ships in the Red Sea have wreaked havoc on one of the world’s most important trade routes, increasing shipping costs and raising inflation fears. Here’s what you need to know.

COPENHAGEN, Jan 4 (Reuters) - Denmark's Maersk (MAERSKb.CO) said on Thursday it has rerouted four out of five container vessels that were stuck in the Red Sea back towards the Suez Canal and the ...

Danish shipping company A.P. Moller-Maersk will pause all container shipments through the Red Sea until further notice, a spokesperson for the company told Reuters on Friday.

LONDON/ATHENS (Reuters) - The crew of the Hong Kong-flagged ASL Bauhinia have abandoned the container ship in the Red Sea after it caught fire on Tuesday, two maritime sources said, adding the ...