Houthi attacks in the Red Sea have since late 2023 forced container vessels to sail around southern Africa.

Disruptions in the Red Sea are increasing pressure on supply chain leaders to navigate conflicting priorities to manage budgets and maintain customer satisfaction.

Political factions and the powerful German trade union Ver.di opposed the Hamburg deal, saying it would cost jobs and cede control of the port to a foreign company.

The diversions come as European futures jumped on concerns about increased risk to supplies in the Middle East, just as the heating season gets under way.

The demand for action on underwater radiated noise from ships has significantly increased over the last few years, due to its negative effects on marine creatures and the environment.

If the IMO goes ahead with a global, mandatory pricing mechanism for greenhouse gas emissions, it will be a world first, according to the World Bank.

While the ILA and USMX found common ground on wages, the remaining issues may prove to be thornier ones.

A strike at U.S. East and Gulf Coast ports enters its third day, with talks between the ILA and USMX remaining fraught.

The ILA has said that the most recent offer from the USMX "fails to address the demands of our members adequately."

The 900-foot ship was hit by an uncrewed surface vessel 64 nautical miles northwest of the rebel-held port city of Hodeidah.