On Friday two major global shipping companies, Maersk of Denmark, and Hapag-Lloyd of Germany, announced they were halting all shipments through the Red Sea as of Friday, due to security…

On Monday, Reuters reported that there continues to be considerable disagreement among the states of the EU over selling oil tankers to Russia. Amid the disagreements, diplomats from the bloc…

Two defense officials confirmed to Reuters that on Monday a commercial tanker vessel was struck by a land-based cruise missile launched from Houthi-controlled Yemen. The ship suffered a fire and…

On Friday, the Financial Times reported that global supply chains are now being threatened by major disruptions to the operations of two key trade waterways, the Panama Canal and the…

A new report by the Russian Ministry of Economic Development forecasts that Russian maritime trade will continue to expand in the coming years, reaching 29.6 million tons by 2026, for…

On Thursday, Russian energy major Gazprom delivered to China its first cargo of liquified natural gas (LNG) which as shipped through the Northern Sea Route (NSR), according to a report…

On Sunday, US trucking company Yellow filed for Chapter 11 bankruptcy protection, following a series of mergers which left the company with a massive debt burden as well as fraught…

In an attempt to avert a strike which could reignite supply chain disruptions and damage the economy, the United Parcel Service has announced it will resume labor talks with the…

The week-long port strike in British Columbia has not begun to be felt by consumers, however businesses are beginning to feel the effects from the cessation of dock activities which…

On Thursday, Australian financial conglomerate Maquarie Group Ltd said a fund that its asset management arm managed had signed an agreement which would see it divest its ownership interests in…