Renzo and Andrea Rosso Push OTB’s Sustainability Agenda to New Heights
Beauty’s Highest-paid CEOs
ocean freight
Maersk CEO: Overcapacity at Sea Will Squeeze Profit Margins
The ocean carrier's stock fell 15 percent amid forecasted 2024 profits between $1 billion and $6 billion—down…
International Trade Groups Call for Maritime Security in Red Sea
A coalition of more than 100 industry groups led by the American Apparel and Footwear Association and the…
Egypt’s Suez Canal Revenue Plummeted by Almost Half in January
The embattled Egyptian economy has been hard hit by Red Sea trade disruptions.
Columbia Sportswear Facing Layoffs and Cost Cuts
Columbia Sportswear also noted there has been minimal impact from Red Sea disruptions.
Experts Relay Red Sea Risk to Congress as Levi’s Endures Two-Week Delays
Witnesses from MSC, the NRF and maritime law consultancy I.R. Consilium all agree costs will keep escalating…
UN Trade Body Has ‘Profound Concerns’ Over Panama Canal, Red Sea Disruptions
The U.N. Conference on Trade and Development estimates that weekly transits through the Suez Canal plummeted…
Vietnam, South Korea Exporters Get Government Help Amid Red Sea Crisis
As vessels reroute from the Red Sea, government agencies in South Korea and Vietnam are helping local…
Container Ships Shrug Off Perils of Panama Canal Restrictions
While 7.4 container ships per day sailed the Panama Canal in November and December, it's a small falloff from…
Maersk CEO: Red Sea Disruptions Could Linger ‘A Few Months, At Least’
At Davos, Vincent Clerc said he still expects longer vessel transit times, while DHL CEO Tobias Meyer warns…
Container Vessels Warned to ‘Stay Well Away’ From Red Sea After Yemen Air Strikes
A series of coordinated joint retaliatory U.S.-U.K. air strikes on Houthi military targets in Yemen has…
Maersk to Bypass Panama Canal Via ‘Land Bridge’
The container shipping giant will modify its service between Oceania and the Americas to transport cargo…
Western Coalition Defeats ‘Largest Attack’ in Red Sea
Drewry's Philip Damas said "there is currently something of a panic" in China because it's hard to get…
Maersk Issues New Update on ‘Volatile’ Red Sea
The ocean freight giant will stay away "for the foreseeable future."
Freight Rates Surge 61% as Next CEO Warns of 2.5 Week Delays Stemming from Red Sea Trouble
Rerouting in the region could lift freight rates through the Chinese New Year, according to experts.
CMA CGM Says Red Sea Ship Unharmed After Militants Claim Attack
"I do expect prices to be passed along to consumers, generally speaking," one economist said as more ships…