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Now playing Next Economy Red Sea shipping disruptions could further fuel inflation, EBRD warns Prices are likely to soar as the main route for one-tenth of the global seaborne trade is under constant fire. 16/01/2024
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Now playing Next Business Shipping giant Maersk prepares to restart operations in Red Sea Denmark's Maersk, like several other shipping companies, had paused Red Sea journeys due to Houthi attacks in the area. 26/12/2023
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Now playing Next Yemen Shipping companies abandon Red Sea routes over Houthi attacks The decision comes as a British destroyer shoots down a 'suspected attack drone' in the ocean which lies between Asia and Africa. 16/12/2023
Now playing Next Yemen Yemen's Houthi rebels seize Israeli-linked cargo ship in Red Sea They took over two dozen crew members hostage and raised fears that regional tensions are heightening over the Israel Hamas war 19/11/2023
Now playing Next world news Labour abuses, including slavery, found on European fishing vessels Research by a Washington DC-based organisation which tracks illicit money flows has found that tens of thousands of workers every year on these boats are estimated to be trapped in unsafe conditions. 19/11/2023
Now playing Next Business Maersk to slash 10,000 jobs over difficult container trade environment Maersk, the world’s biggest shipping company, plans to eliminate 10,000 jobs due to what it described as a challenging environment for container trade and logistics services. 03/11/2023
Now playing Next Eco-Innovation World’s ‘first green container ship’ christened in Denmark Denmark launches the world’s ‘first green container ship’ but clean methanol still has cost and safety issues. 14/09/2023
Now playing Next Green News Panama Canal drought could disrupt Christmas shipping The Panama Canal depends on rainwater to move vessels through a series of locks connecting the Atlantic and Pacific oceans. 25/08/2023
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Now playing Next Netherlands Burning cargo ship towed to safe place to avoid ecological disaster One crew member was killed and several others wounded in the fire which broke out last week. 31/07/2023
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