World’s No. 1 shipper pleads with Congress to help end Houthi ‘chaos’

A cargo ship crosses the Suez Canal, one of the most critical human-made waterways, in Ismailia, Egypt on December 29, 2023.  Fareed Kotb | Anadolu | Getty Images The world’s largest shipping company, MSC, and several retail and trade experts warned Congress on Tuesday that if the Red Sea chaos caused by Houthi rebel attacks … Read more

Chinese shipper Cosco reportedly stops trips to Israel amid Red Sea tensions

A container ship from China-owned Cosco Shipping on Aug. 7, 2023. Justin Sullivan | Getty Images News | Getty Images Chinese state-owned shipping giant Cosco suspended shipping to Israel through the Red Sea as tensions in the strategic shipping lane continue to rise, Israeli state media reported. The specifics of Cosco’s decision remain undisclosed, according … Read more