A.P. Moller-Maersk will use trains to avoid the drought-hit Panama Canal for some of its vessels, the Danish shipping giant said as low water levels have caused one of the world’s main maritime trade routes to reduce crossings. The Panama Canal Authority has reduced...

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The global supply chain is feeling the fallout from Iran-backed Houthi rebels attacking vessels in the Red Sea. Freight prices are set to jump Monday, while longer transit times around Africa are disrupting and delaying deliveries of products. Vessels aren’t able to...

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Negotiations are underway, including on attracting NATO ships to ensure the safety of civilian shipping to the ports of Ukraine, but there is no information on when and whether they will be implemented, said Vice Admiral Oleksiy Neyizhpapa, Commander of the Naval...

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The Baltic Exchange’s dry bulk sea freight index slumped on Thursday for the fourth straight session, due to declines across vessel segments, with panamax rates hitting a five-month low. The overall index, which factors in rates for capesize, panamax and supramax...

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Global economic growth will remain “resilient” this year after a stronger-than-expected 2023, the International Monetary Fund said on Thursday, but work is needed to boost global growth rates above an anemic 3% range in the medium term. IMF spokesperson Julie Kozack...

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Iron ore futures prices recouped losses on Thursday, after falling for five straight sessions, helped by the latest support for the property market and renewed hopes of monetary easing in top consumer China. The benchmark February iron ore on the Singapore Exchange...

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