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OSLO (Reuters) -Weather-related disruption at ports in northern Europe and the diversion of vessels away from the Red Sea are causing congestion at container terminals, A.P. Moller-Maersk said in ...
Oil prices were volatile Tuesday, jumping more than 2% earlier in the day on Red Sea tensions but later giving up those gains. U.S. crude was last down 82 cents, or 1.14%, to trade at $70.83 a barrel.
Congestion at Singapore's container port is at its worst since the COVID-19 pandemic, a sign of how prolonged vessel re-routing to avoid Red Sea attacks has disrupted global ocean shipping - with ...
The Danish shipping company initially introduced a 48-hour pause in transits through the Red Sea starting Sunday in the wake of the weekend attack by Houthi militants on the Maersk Hangzhou.
Disruptions to Red Sea shipping caused by Houthi attacks will push up prices of consumer goods in Europe in particular, an executive from port and freight operator DP World said as the impact on ...
Denmark's A.P. Moller-Maersk said on Wednesday that disruption to its container shipping via the Red Sea had extended beyond trade routes between the Far East and Europe to its entire global network.
The disruption is causing delays and driving up costs — at a time when the world has yet to vanquish a resurgence of […] The post Attacks on ships in the Red Sea are disrupting global trade.
Jan. 12—Ongoing attacks on merchant ships in the Red Sea by Houthi militants from Yemen are causing ripples here in the Pacific. The violence has prompted most major shipping companies to divert ...