shipping line

Maersk said on Monday that customers should expect to see higher surcharges on shipping invoices as a result of the higher costs borne by the shipping line, which include a 40 percent increase in fuel use per journey.

The world's second largest shipping line, Maersk, has said it will reroute some of its vessels around the Cape of Good Hope.

Secretary of Defense Lloyd Austin on Tuesday will convene a meeting of fellow defense ministers to address the growing number of attacks from Yemen’s Houthi rebels on merchant ships passing through a key Red Sea strait, on a day when yet another major shipping line said it was halting shipments through the passage in the face of continued attacks.

Leading container shipping line MSC said last week there were increased waiting times at Ashdod due to increased security checks and labour shortages and "circumstances are subject to change at very short notice" at Israeli ports.

That project, called Pier 400, allowed Los Angeles to woo the world’s largest shipping line, Maersk, away from its Long Beach neighbor.