Container line Maersk says the risk area from Houthi attacks has expanded further offshore lengthening the rerouted voyages and increasing costs.

Taiwan’s largest shipping company, Evergreen, is reported to have ordered six dual-fuel 2,400-teu feeder ships at Huangpu Wenchong Shipyard.

Houthi forces in Yemen have escalated their threat against commercial shipping to include vessels headed to Israel from the East Mediterranean Sea.

CMA CGM is adding to its Transpacific portfolio with a service connecting China, Korea, and Japan with Mexico.

Latest figures from Oslo freight analyst, Xeneta, reflect mixed signals from the world’s liner trades.

Iran’s Foreign Minister told his Estonian counterpart that the ship was seized for endangering the security of navigation.

Following the Houthi attack the 29 April MSC Orion which reportedly took place some 400 nm south of mainland Yemen, which could raise concerns about the ability of coalition forces to protect commercial vessels in a much wider theatre of operations.

Maersk has raised its 2024 earnings guidance as the prolonged crisis in the Red Sea supported rates in its ocean segment.

Major logistics providers say the gap in asking prices between shippers and container lines has slowed down contract negotiations on the Transpacific.