Shipping Costs Soar as War and Climate Risks Choke Key Waterways December 21, 2023 By Sharon Cho, Elizabeth Low and Serene Cheong Global shippers of crude and fuels are grappling with a spike in booking costs for some tankers taking lengthy diversions...
Yemen’s Houthis Vow More Attacks on Ships in Red Sea Despite US Naval Force December 21, 2023 By Henry Meyer and Omar Tamo Yemen’s Houthi rebels vowed to continue targeting ships in the Red Sea despite a US move to compile an international...
Shipping Insurance for Red Sea Transit Soars After Mounting Houthi Attacks December 20, 2023 By Alex Longley, Ruth Liao and Yongchang Chin The cost of insuring vessels that will transit the Red Sea jumped again this week after mounting attacks in the...
Typhoon That Hit China’s Ports Provides Wakeup Call for Climate Risk to Markets December 12, 2023 By Katy Daigle and Simon Jessop As Typhoon Doksuri aimed toward mainland China, major southeast ports were forced to turn away dozens of vessels for days....
Maersk Reaches Settlement Over Ship That Blocked Suez Canal December 1, 2023 By Christian Wienberg A.P. Moller-Maersk A/S settled a Danish lawsuit against the companies behind a ship that blocked the Suez canal in 2021,...
DP World Attack ‘Stark Reminder’ About Prioritizing Cyber Spend: Australia Watchdog November 21, 2023 By Amy Bainbridge Australia’s markets regulator wants companies and directors to prioritize cyber resilience, warning it will take action against businesses that fail...
River Rhine in South Germany Closed to Shipping Due to High Water Levels November 20, 2023 Parts of the river Rhine in south Germany remain closed to shipping on Monday after a rise in water levels...
Port Operator DP World Chips Away at Freight Backlog After Crippling Cyber Attack November 14, 2023 By Angus Whitley DP World Plc is slowly working through a backlog of more than 20,000 freight containers piled up at Australian ports...
Cyber Attack Against Australia Port Operator Causes Massive Container Backlog November 13, 2023 By Angus Whitley and Lynn Doan DP World Plc is struggling to work through a backlog of 30,000 shipping containers piled up at ports across Australia...
Rhine River’s Low Water Levels Provide ‘Further Evidence’ of Climate Change October 20, 2023 By William Wilkes and Jack Wittels The cost of shipping fuel along the Rhine river has surged as low water levels curb barges’ carrying capacity following...