The attacks in the Red Sea, which handles about 12% of world trade as a key waterway for goods and energy, have emerged as a fresh threat to global supply chains.

BP is the first oil company to directly halt its own shipping, after five major ocean carriers halted service through The Bab al-Mandab strait.

About 17,000 ships and 10% of global trade pass every year through The Bab al-Mandab strait, also known as the Gate of Tears, which is only 20 miles (32km) wide.

The current level of spare capacity indicates that the end of a global manufacturing recession “is still some way off,” said GEP’s vice president of consulting, Todd Bremer.

AT&T said it expects to add Rivian electric commercial vans, RIT pickup trucks and R1S sport utility vehicles to its fleet in early 2024.

Star Bulk Carriers' shareholders will own 71% of the company while the remaining 29% will be owned by Eagle Bulk shareholders.

It’s not too late to course-correct your data practices, but you have to take that first step sooner rather than later.

Italy’s BRI participation was set to be automatically renewed in March 2024 before the country notified China it was withdrawing from the initiative.

The new strategy outlines the steps that the three ports will take to speed up the decarbonization of the shipping industry.

The remaining Yellow Corp properties are expected to be sold for hundreds of millions of dollars over the coming months, said a person familiar with the process.