Uncertainty Returns to Red Sea as CMA CGM Reverses Course, Threatening Supply Chain Stability
French carrier’s U-turn on Suez transits jolts shipper confidence and reopens questions about whether Red Sea stability is real—or just another false dawn.
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French carrier’s U-turn on Suez transits jolts shipper confidence and reopens questions about whether Red Sea stability is real—or just another false dawn.
By Lucia Kassai (Bloomberg) — Commodities trader Vitol Group loaded its first oil cargo from Venezuela’s shore-based storage tanks, a move set to help
Tankers have begun discharging Venezuelan crude at Caribbean islands, publicly signaling their activity in a move that marks a new trade order after US exerted
The U.S. Department of the Treasury has taken a major step in its campaign against Houthi financing by directly sanctioning ship captains who delivered
The sanctioned shadow fleet tanker Hyperion has entered the Bay of Biscay and is now heading northeast toward the English Channel. The vessel is one of just a
Shipping group CMA CGM will re-reroute vessels on three of its services away from the Suez Canal due to global uncertainties, it said on Tuesday, reining in
The European Union and the United Kingdom have tightened the screws on Moscow’s oil income, lowering the price cap on Russian seaborne crude to $44.10 per
Italian authorities have seized a Tuvalu-flagged vessel carrying 33,000 tons of Russian iron in Brindisi, marking the latest enforcement action in
China and Canada are pushing to expand energy deals, with Prime Minister Mark Carney’s government looking to sell more oil and gas to the Asian economic
PANAMA CITY, Jan 16 – Panama’s port traffic rose 3.6% in 2025 to 9.9 million TEU containers compared to the previous year, the
A quiet but decisive shift is taking place in the race to decarbonise global shipping, and it is unfolding not in Asia’s massive shipyards or the
Cargill has taken delivery of its first green-methanol dual-fuel dry bulk vessel, a milestone in the agricultural giant’s push to cut emissions and test
After more than two years of avoiding the Red Sea, the world’s leading container lines are inching back to the vital lane for east-west trade and indicating
Maersk said on Thursday that one of its services will resume using the Red Sea and Suez Canal this month, marking a key step towards ending two years of
The shipping market is being shaken up by Washington’s intervention in Venezuela, as the prospect of more oil being exported to the US boosts regional tanker
Greece has warned its shipping fleet to review their security measures when sailing to Russian Black Sea ports after drone attacks on two Greek-operated
A.P. Moller–Maersk has confirmed the first structural return of a major container service to the trans-Suez route, in a landmark shift marking the most
Global container shipping rates fell sharply this week, surrendering most of the gains from a brief January rally as carriers struggled to maintain pricing
U.S. military and Coast Guard forces carried out another pre-dawn boarding in the Caribbean, seizing the sanctioned motor tanker Veronica in the
The informal fleet of crude tankers that operated under the radar in Nicolas Maduro’s Venezuela is beginning to emerge from the shadows after the
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