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3 mins read

There's already a queue of cargo ships backing up at US ports

Ship tracking data show a growing number of cargo vessels and tankers sitting at anchor near US eas…

Dominick Reuter   


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2 mins read

Russia gave Yemen's Houthi rebels satellite data so they could attack Red Sea shipping lanes: report

The satellite data was transferred to the Houthis through Iranian Revolutionary Guard Corps members…

Matthew Loh   


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9 mins read

USS White River: How the US Navy transformed a landing vessel into a legendary rocket artillery ship

Today's US Navy is poorly equipped to support a landing force, but that wasn't the case decades ago…

Benjamin Brimelow   


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1 min read

American Airlines withdrew a lawsuit seeking compensation from a $36 billion shipping giant over a damaged plane engine

American Airlines said it has been trying to get compensation for 2 years, saying the engine was da…

Pete Syme   


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4 mins read

Yemen's Houthi rebels are menacing ships on the high seas

The Houthis have wreaked havoc against international shipping in the Red Sea and are showing they c…

Paul Iddon   


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4 mins read

The death of free shipping

Retailers used free shipping and free returns to get consumers hooked on e-commerce. Now those days…

Emily Stewart   


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2 mins read

RBI leaves key repo rate unchanged, focus on keeping inflation in check

The Reserve Bank of India (RBI), on Friday, left the key policy rate unchanged at 6.5 per cent in i…

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5 mins read

I've worked on cruise ships for years. I always see passengers make these 13 mistakes.

I've worked on ships for over six years. Here are mistakes passengers make on cruises, from only ea…

Erica DePascale   


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2 mins read

The 'freight recession' rocks global shipping, fueling a 75% plunge in container rates

Since peaking during the pandemic, the transportation industry has faced a protracted slump. An ind…

Joseph Wilkins   


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2 mins read

China has the capacity to build PLA combat ships at 200 times the rate that the US can, per leaked US Navy intelligence

The information was seen on a leaked US Navy briefing slide. The US Navy has since confirmed the sl…

Kwan Wei Kevin Tan   


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1 min read

Oil prices spike on crude inventory update and Powell's rate-cut outlook

The Israel-Hamas war, Red Sea attacks, and the West's sanctions on Russia's oil trade have helped k…

Yuheng Zhan   


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1 min read

Russia's ammo supply is outgunning Ukraine at a rate of 6 to 1, Zelenskyy warns of retreat

Ukraine's President Volodymyr Zelenskyy said that if Congress did not approve more aid soon, Ukrain…

Alia Shoaib   


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3 mins read

Who are the Houthis and why are the rebels in Yemen attacking Red Sea shipping?

Yemen's Houthi militant group is backed by Iran and says it's been attacking shipping in the Red Se…

Grace Eliza Goodwin   


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4 mins read

TikTok's growth rate has collapsed. 'Life' may be getting in the way for its younger users.

TikTok's user growth lagged behind Snapchat, YouTube, Instagram, and even Facebook in the final qua…

Alistair Barr   


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2 mins read

The Red Sea crisis could trigger an inflation spike as shipping costs soar

An index that tracks container rates spiked 61% last week, with big companies rerouting their vesse…

George Glover   


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2 mins read

Red Sea turmoil has sent shipping costs surging 150%, which will push inflation higher, Fitch says

Houthi attacks in the Red Sea have pushed shipping costs up, which could add 0.4 percentage points …

Filip De Mott   


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2 mins read

One of the biggest trends powering sky-high inflation got a lot better in May

A new index from Oxford Economics shows the supply chain healing for a second straight month as bac…

Ben Winck   


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2 mins read

War and climate change are the main obstacles to aggressive Fed rate cuts in 2024, strategists say

Tumult in the Middle East and a parched Panama Canal risk creating pandemic-like supply shocks that…

Aruni Soni   


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2 mins read

US stocks rise as Fed comments fuel hopes rate hikes are done

Fed Governor Christopher Waller said he is optimistic that the central bank remains on track to tam…

Phil Rosen   


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7 mins read

At least 10 people on cruise ships went overboard this year, and 2 miraculously survived

At least nine people on cruise ships went overboard so far this year, turning vacations into disast…

Natalie Musumeci