How Houthi shipping attacks could make everyday items more expensive

Several major companies have halted shipping through the Rea Sea and are already considering new routes while insurers could soon raise rates. This follows an increase in attacks by Houthi fighters from Yemen. The Red Sea route connects trade between Asia and Europe for consumer goods and commodities like oil and liquefied natural gas. The Houthi militants – who are backed by Iran – have attacked and seized several ships in the Red Sea since October, claiming that the vessels were 'linked' to Israel.

How Maersk aims to reach carbon neutrality by 2040

Shipping needs to get greener. The maritime industry accounts for around 3% of global greenhouse gas emissions. That's why one of the biggest companies in the business has just taken a step towards having a more environmentally friendly fleet.

Economic entanglement and systemic rivalry: Germany and China at a crossroads

 

China is Germany's biggest trading partner. Almost 1 in 3 shipping containers in the German city of Hamburg is either heading to China, or coming in from a Chinese port. In Hamburg the ties are so strong that a shipping line owned by China's government even bought a stake in this terminal.

Why the Suez Canal is so Insanely Important.. (and Nukes)