Zim reported average freight rates of $1,590 per teu in the second quarter, up by 21% compared to Q1

Eight crew members and two armed security guards are reportedly still on board the cargoship after pirates gained access to the citadel

UKMTO said the unmanned vessel was struck 40 nm off the Yemeni port of Al Mukha amid escalating tensions in the Red Sea

The terminal will be the US’ only greenfield container port under development, the Port of New Orleans said following the approval 

A chief engineer has been killed after a Greek-operated bulker was hit by a projectile in the Strait of Hormuz, as security analysts warn that commercial vessels now face both attack and detention risks in the increasingly volatile waterway

The hijacking of Lutuf off Somalia marks the latest in a resurgence of piracy incidents in the western Indian Ocean, where four vessels and 44 seafarers remain under pirate control