South Korean Shipbuilder Hanwha has made a $1 billion bid for the U.S. subsidiary of Australian shipbuilder Austal, Austal disclosed in a regulatory filing on Tuesday morning Australian time. Austal…
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Maersk and Hapag-Lloyd are expanding their renewed use of the Red Sea and Suez Canal, adding a call at Saudi Arabia’s Jeddah to their AE15 Asia-Mediterranean service even as renewed...
Houthis launch more attacks at Yemen’s Mocha Yemen’s government-aligned military indicated that Houthi forces launched ballistic missiles at the Red Sea port city of Mocha. The attack is one of…
Iran attacked another ADNOC vessel in the Strait of Hormuz over the weekend, with the Houthis simultaneously striking Saudi Arabia’s energy infrastructure. The UAE said an ADNOC-owned vessel was hit…
The slow transition of containerships back to the Suez Canal is continuing, with Maersk and Hapag-Lloyd reporting that an additional route of their Ge...
After profits collapsed in the first quarter – and just days before it reports Q2 earnings – Maersk said it will return another headhaul service to the full Suez Canal-Red Sea route. “We are pleased…
An oil slick is covering an area of around 390 square kilometers (150 square miles) off the coast of Oman, the country's government said on Monday, after a vessel under sanctions and carrying Russian…
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