Vincent Clerc, CEO of Maersk, the shipping industry leader, has issued a warning about potential long-term disruptions for ships navigating the Red Sea. This situation, sparked by a series of
Shipping giant Maersk will avoid the Red Sea “for the foreseeable future”
Maritime transportation leader Maersk has announced its decision to bypass the critical Red Sea route indefinitely, a decision that could potentially exacerbate the current deceleration in inflation rates.
Oil extended its biggest weekly advance in two months
Oil prices continued their most significant weekly increase in two months, driven higher by new attacks in the Red Sea that led numerous ships to choose longer, safer routes.
Oil keeps rising as more US sanctions worsen tension in Gulf
Crude kept rising following its biggest weekly gain since late 2016 after president Donald Trump said he would impose “major additional sanctions” on Iran, exacerbating tensions in the oil-rich Middle East.