Companies transporting their products around the world are not ready to return to the Red Sea trade route in the wake of a Gaza ceasefire deal because of uncertainty over whether Yemen's Houthis will continue to attack shipping, industry executives said.The leader of Yemen's Houthis said on Thursday that the Iran-aligned group would monitor the implementation of a ceasefire deal between Israel
The shipping industry faces mounting regulatory pressure to mitigate the transfer of invasive species via hull biofouling. The global detrimental impacts of sea vomit (Didemnum vexillum) is just one stark example of the damage caused by unmanaged hull fouling. The solution is clear: closed-loop hull cleaning must become an industry standard, writes Abigail Robinson
A 90-day trade thaw between Washington and Beijing could prove to be a welcome reprieve for the U.S. freight industry, as importers rush to lock in shipments ahead of the busy back-to-school period, experts said.The $906 billion U.S. trucking industry, in particular, has been facing a nearly three-year-long slowdown due to overcapacity