A reported $200 million preliminary deal for the Ever Given's release is much less than what Egypt initially asked after it seized the ship.
Shipping experts say the crisis will continue through 2022. Demand must first slow down. The manufacturing pause around Lunar New Year will also help.
As shipping costs skyrocketed in late 2020, Zim Integrated Shipping Services saw its business take off, and the value of Deutsche's positions ballooned.
The X-Press Pearl disaster is now threatening marine life as more than 350 metric tons of oil sink to the bottom of the Indian Ocean.
The CMA CGM Marco Polo can carry more than 16,000 containers and completed its journey from China in just 20 days.
The container ship Ever Given stuck in the Suez Canal has triggered delays in global shipping that could take months to recover, Maersk said.
Early Sunday morning, a container ship capsized in St. Simons Sound, Georgia, with 24 sailors on board. The last four crew members were rescued from the ship Monday night. A representative of the salvage firm that helped rescued the sailors said that they endured “hellish conditions.” Visit Insider’s homepage for […]
The Coast Guard has a number of resources and tactics to deal with threats on US waterways. But ISIS-inspired techniques present present a new wrinkle for the service and its maritime security teams. The US Coast Guard has a number of threats it needs to worry about when dealing with […]