Red Sea

Asian container liners see turnaround as Red Sea remains shut

Disruption from the war is roiling global supply chains, forcing liners to tackle everything from transit halts to soaring fuel costs

Global liner rates are on a downward trajectory, falling 4.7% to US$2,107 per 40-foot container in the week ended Jan 29, according to the Drewry World Container Index.

Global Enterprise

Shipping firms face tough 2026 as reopening of Red Sea looms

Maersk has made two successful passages for the first time since Yemen-based Houthis began attacking vessels in 2023

The potential return of Maersk to the Suez Canal could ripple through the shipping sector.

Transport & Logistics

Maersk completes first Red Sea voyage in nearly two years

The shipping company says it has no plans to fully reopen the route but may gradually resume sailing via Suez and the Red Sea

Buyers of US LNG have contemplated delaying cargo loading, while some owners of oil tankers are seeking to maximise earnings.

Global Enterprise

Ship rates spiking 467% marks upended trade across commodities

Freight costs typically dip at year-end due to seasonal weakness in demand

Maersk controls about 14% of the world’s container fleet.

Transport & Logistics

Maersk sees better safety in Red Sea as it eyes eventual return

Shippers have been routing their vessels around Africa, adding thousands of miles and costs to voyages

Sea freight rates rose briefly in early June during a 90-day US tariff pause, but oversupply quickly dragged prices down.

Global Enterprise

Asia-US sea freight rates set to extend declines amid tariff chaos

Adding to uncertainty are unresolved trade talks between the US and China

The Houthi assaults on ships in the Red Sea caused the biggest disruption to global trade since the Covid-19 pandemic, subduing activity in one of the world’s busiest maritime corridors.

Transport & Logistics

Ship hit in Red Sea as Israel strikes Houthi-controlled ports

[AMMAN] Multiple small vessels attacked a ship in the Red Sea near Yemen’s Al Hudaydah port, causing a fire on board and prompting the crew to abandon ship before the Israel army carried out airstrike...

US President Donald Trump looking on as military strikes are launched against sites in Yemen controlled by the Iranian-backed Houthi militia.

International

Trump launches military strikes on Houthi fighters in Yemen

US President Donald Trump said he ordered military attacks against sites in Yemen controlled by the Iranian-backed Houthi militia after months of disruption to shipping lanes in the Red Sea.

The reopening of Red Sea routes – expected at some point in the course of the year – could reduce container shipping demand by around 6 per cent.

Global Enterprise

Shipping profit boom evaporates on US tariffs, Red Sea reopening

Increased levies on Chinese goods will likely reduce container volumes by 1.5 to 2 percentage points in 2025

Maersk's underlying Ebitda came in at US$3.6 billion for the fourth quarter.

Transport & Logistics

Maersk eyes 4% market growth in 2025, uncertainty over tariffs and Red Sea

The shipping giant, viewed as a barometer of world trade, had seen no changes in cargo flows due to the threats of tariffs so far

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