A gauge of global sea transport is heading for its biggest annual jump since 2010 after attacks in the Red Sea have forced ships to travel longer distances.

Commodities giant Cargill Inc. is looking to add wind-power capability on future cargo ships, after experimenting with sails that made a large vessel greener.

Disruptions on the world’s major trade routes, refinery closures and resurgent demand are pushing up global fuel prices in the run-up to a U.S. presidential election.

The global oil market is looking increasingly local as militant attacks in the Red Sea and surging freight rates make supplies from closer to home more attractive.

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. 

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

The dawn of artificial intelligence tools like ChatGPT may revolutionize the way data can be used to ferret out risks and opportunities in the $32 trillion global trading system.

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.

The global trading system is undergoing tectonic shifts spurred by shortages, price spikes and shipping disruptions that will reorient international supply chains for decades to come.

A.P. Moller-Maersk A/S said “muted” economic growth is set to push the world’s container shipping volumes down by as much as 2.5% this year.