The Israeli military said it struck targets in the Houthi ports of Ras Isa and Hodeidah on Friday, the third Israeli air raid against the Yemeni faction in less a month. One person was reportedly killed and nine were injured

Container spot rates are still very strong but they’ve lost their upward momentum. Rates are falling back from recent highs and are expected to decrease further in the weeks ahead 

European Economic Area fails to get its act together in time

Li allegedly accepted nearly $180,000 in cash gifts from subordinates and individuals under his management. His deputy Huang Bo has taken over the top seat

Concerns over a crippling work stoppage at US east and Gulf coast ports this month have proven unfounded. A contract agreement has been reached, and the head of the dockworkers union has credited US President-elect Donald Trump with facilitating the deal

Case highlights need for clarity on what constitutes necessary time for cargo operations

The Cook Islands-flagged tanker accused of cable cutting in the Gulf of Finland has been detained before, when 24 deficiencies were found in Tema, Ghana, in September 2023

Port group has banned docking and cargo handling for ships involved in US sanctions. Move is seen as a ‘sudden brake’, as since December at least eight sanction-busting VLCCs called at ports in Shandong

Delays reported at Maputo and Beira ports

A rebound of freight rates, which began in mid-December, looks set to continue into the first month of 2025, as shippers front-load cargo in anticipation of US port strikes, Trump tariffs and an early Lunar New Year

The negotiating parties still have time to avoid a renewed work stoppage at US east and Gulf coast ports, but time is short. The dockworkers union and terminal management will resume talks on January 7, giving them just over a week to hammer out a deal

US shipping giant Crowley Maritime has acquired Main Line Inc, a mooring company serving the ports of Seattle and Tacoma, for an undisclosed sum