The Red Sea, a critical artery for global commerce, experiences a period of cautious calm after Hamas reaffirms its ...

A Navy spokesperson said the collision did not endanger the Nimitz-class aircraft carrier USS Harry S. Truman. The situation ...

The Russian navy will establish a base on the Red Sea after discussions with Sudan, replacing its previous base in Syria.

Meanwhile, some ship owners remain skeptical about the safety of passing over the Red Sea and opt for alternative, longer routes that incur greater costs ...

According to Maersk's 2024 financial report, the company generated operating revenue of $55.48 billion during the reporting period, marking an 8.65% year-on-year increase. Profitability significantly ...

The Red Sea crisis has severely disrupted global trade, increasing shipping costs, rerouting maritime traffic, and causing ...

An agreement signed years ago for the creation of a Russian naval base in Sudan remains on the table following talks in ...

Global marine fuel sales jumped in 2024 after attacks by Yemen's Houthis starting in late 2023 prompted most shipping ...

With tensions over the release of Israeli hostages jeopardizing the ceasefire agreement, ocean carriers would seek to avoid ...

Global marine fuel sales jumped in 2024 after attacks by Yemen's Houthis starting in late 2023 prompted most shipping ...

A.P. Moller-Maersk reported a 65 percent increase in earnings before interest and taxes (EBIT) to $6.5 billion in 2024, ...

Jefferies said: “While spot freight rates on the Asia-Europe routes have been softer of late and also on the transpacific, ...