The Business Times

Red Sea

Global Enterprise

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

Ships belonging to US and UK individuals or entities – and those sailing under their flags – are no longer subject to sanctions as at Jan 19.
Transport & Logistics

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

US President Donald Trump looks 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

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

Maersk's underlying earnings before interest, tax, depreciation and amortisation (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

Ships belonging to US and UK individuals or entities – and those sailing under their flags – are no longer subject to sanctions as at Jan 19.
International

Houthis say US and UK ships can safely take Red Sea passage

This is the 51st straight month that Singapore's logistics sector has expanded since August 2020, when the index recorded 49.1 points.
Transport & Logistics

Singapore’s logistics sector grows at slightly slower pace in November

Maersk, viewed as a barometer of world trade, said global container demand increased about 7 per cent year on year in the first half of the year, boosted by robust demand from Europe, emerging markets and strong Chinese exports.
Transport & Logistics

Shipper Maersk sees growth slowing after Red Sea crisis boost

Maersk now sees underlying earnings before interest, tax, depreciation and amortisation of US$9 billion to US$11 billion this year, compared with a previous forecast of US$7 billion to US$9 billion.
Transport & Logistics

Maersk sees global trade disruptions lasting throughout 2024

The number of ships using the Suez Canal fell to 20,148 in 2023-2024 from 25,911 the year before.
Transport & Logistics

Suez Canal revenue drops as some shippers shun Red Sea

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