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Container shipping is set to face a crunch ahead of the Lunar New Year holiday as Houthi attacks in the Red Sea restrict capacity, a major industry consultant said. 

A.P. Moller-Maersk A/S plans to continue diverting ships away from the Red Sea “for the foreseeable future” after pausing transits earlier this week to assess the situation.

The global shipping industry is bracing for the prospect of living without its most important trade route for weeks.

The National Transportation Safety Board wants changes in how containerships are anchored off Southern California to help prevent oil pipeline ruptures like the 2021 spill off Huntington Beach.

Shipping companies have paid a total of $235 million so far this year to jump ahead of the backlog at the Panama Canal, according to data from shipping agency Waypoint Port Services.

The container shipping industry, after two years of record-high freight rates and slow deliveries, is seeing its boom become a bust due to oversupply following the COVID-19 demand highs.

2022 saw an eastern shift in container shipping within the United States, while airfreight volumes dipped across North America.

Delaware officials have given the green light to Enstructure LLC to become the new operator of the Port of Wilmington, replacing GT USA Wilmington LLC.

Maritime nations agreed July 7 to slash emissions from the shipping industry to net zero by about 2050 in a deal that several experts and nations say falls short of what’s needed.

YOKOHAMA, Japan — An American push to establish “green shipping corridors” is key to reducing carbon emissions from the shipping industry, Transportation Secretary Pete Buttigieg said.