By Salma El Wardany Feb 23, 2025(Bloomberg) –Egypt’s Suez Canal Authority said 47 ships have rerouted to use the waterway since the start of February, a tentative recovery after a ceasefire…
https://gcaptain.com/egypt-says-dozens-of-ships-return-to-suez-canal-after-ceasefire/
The maritime industry has experienced mounting cost pressures in the past year as vessels reroute around Africa due to Red Sea security concerns. Shipping industry analysts at Drewry report that…
https://gcaptain.com/red-sea-crisis-pushes-shipping-stores-and-spares-costs-higher/
PARIS, Jan 25 (Reuters) – French shipping and logistics group CMA CGM will continue to avoid the Red Sea even though it considers the region is more stable following the ceasefire agreement between Israel and…
https://gcaptain.com/french-shipping-giant-cma-cgm-to-keep-avoiding-red-sea/
The Suez Canal recorded its highest containership traffic for 2024 last week, with 54 vessels traversing the waterway in both directions, according to liner industry analyst Alphaliner. The milestone comes…
The Red Sea diversions over the last year have shown trade is like water—it will always find a way to flow. The old adage “trade at rest is not making…
https://gcaptain.com/shippings-new-normal-how-red-sea-diversions-are-reshaping-global-trade/
Shipping giants Maersk and Hapag-Lloyd have announced their decision to utilize the Cape of Good Hope network for the launch of their “Gemini Cooperation” on February 1, 2025, underscoring the…
https://gcaptain.com/maersk-and-hapag-lloyd-confirm-cape-route-for-gemini-cooperation-launch/
Shipping giant Maersk, the world’s second-largest liner operator, says it will continue to avoid trade routes through the Red Sea until safety of its seafarers and vessels can be guaranteed….
https://gcaptain.com/maersk-red-sea-reroutings-will-continue-as-situation-intensifies/
By Brendan Murray Sep 1, 2024 (Bloomberg) –The global container shipping industry saw profits surge to more than $10 billion in the second quarter on record volumes and rising freight rates…
https://gcaptain.com/container-carrier-profits-soar-on-record-volumes-higher-rates/
A CMA CGM containership lost some 99 containers overboard in heavy weather last week off the east coast of South Africa, the South African Maritime Safety Authority (SAMSA) has reported….
https://gcaptain.com/severe-weather-causes-container-loss-off-south-african-coast/
By Brendan Murray (Bloomberg) — Spot rates for shipping containers fell for the first time in almost three months amid signs demand is cooling after US tariffs on Chinese goods and…
https://gcaptain.com/container-shipping-rates-snap-weeks-of-gains-as-restock-rally-fades/