Opinion | Irresponsible brinkmanship puts Asia’s stability and prosperity at risk
For many years, Asia has seen the dawn break at the start of a new year on a land of relative peace and prosperity. This year, however, the morning sky …
Shipping
Container rates soar amid fears of Houthi retaliation for strikes by US and UK
Container shipping rates for key global trade routes have soared this week, with US and UK air strikes on Yemen stirring fears of a prolonged disruption to global trade in …
Panama Canal drought moves Maersk to start using land bridge for cargo
View of stranded boats at Alhajuela Lake during the summer drought, in Colon province, 50 km north of Panama City, Panama, on April 21, 2023. The Alhajuela lake is one …
UK and US to launch strikes against Houthis ‘within hours’ over Red Sea attacks, report says
Britain is expected to join the United States in conducting air strikes on military positions belonging to the Iran-backed Houthis in Yemen “within hours”, the political editor for the Times …
UN Security Council demands immediate end to Houthi Red Sea attacks
The United Nations Security Council demanded on Wednesday an “immediate” end to attacks by Yemen’s Houthi rebels on shipping in the Red Sea. The resolution passed “demands that the Houthis …
Alibaba’s logistics arm Cainiao offers shoppers in US grouped delivery service, cutting shipping times to five days
Cainiao, Alibaba Group Holding’s logistics unit, will open a new service for consumers in the US to allow them to package several items they have bought together, cutting delivery times …
Red Sea attacks see exporters turn to China-Europe Railway Express ahead of Lunar New Year
Their actions have forced major shipping lines, including Danish shipping giant Maersk, Chinese state-owned shipping company Cosco and energy giant BP, to stop using the Suez Canal and Red Sea …
War, weather put ocean shippers on notice for rough seas in 2024
Recent hostilities in the Red Sea have thrown global shippers of vital goods for a loop – but it is hardly the only issue that big carriers are facing as …
India sends warship after hijacking of Liberian-flagged vessel in Arabian Sea
Aircraft carriers and warships participate in the second phase of Malabar naval exercise, a joint exercise comprising of India, US, Japan and Australia, in the Northern Arabian Sea on Tuesday, …
Israeli defense minister outlines new phase in Gaza war
Israeli military tanks roll near the border with the Gaza Strip on Dec. 3, 2023, amid continuing battles between Israel and the militant group Hamas. Menahem Kahana | AFP | …