Red Sea

Port Operations Are Affected by Rate Increase, Red Sea Risks and Capacity Change

Recent port operations were marked by an abrupt surge in transpacific container freight rates, continuing security risks in the Red Sea region, and capacity redeployments on key Asia-Europe trades. Furthermore, U.S. regulatory pressure against global shipping practices as well as Venezuela-specific port impacts influenced terminal operators, carriers and cargo owners when planning their operational strategy.

Red Sea Shipping Is Burdened by Recurring Risks as 2026 Begins Amidst Houthi Threats and New Safety Rules

As 2026 begins, Red Sea disruptions continue to impact global shipping with Houthi threats to target specific vessels again, increased freight rates, and constant route diversions around Cape of Good Hope. New mandatory SOLAS rules for reporting lost containers went into effect January 1 addressing risks exacerbated by weather exposure during Red Sea avoidance; carriers remain cautious on returning Suez due to supply chain instability.

Maersk Advances Sustainability and Capacity with Mega Vessel Call in Ghana and Reefer Rail Expansion in India

Maersk achieved numerous milestones during December 2025, such as the historic call of its 17,480 TEU methanol vessel Beijing Maersk at Ghana's Tema Port, launch of new reefer rail services in India, appointment of new North America president, and signalling plans to resume Red Sea transits in response to resilient market conditions across regions. All these achievements reflect Maersk's dedication to sustainability, capacity, and supply chain reliability.

Pharos Offshore Group Expands Capabilities through UTV620 Acquisition and Leadership Change

Pharos Offshore Group announced the purchase of a 620hp UTV620 jet trencher on October 27, 2025 to enhance their subsea cable and pipeline burial services ahead of an active 2026 season. In addition, Jake Tompkins was appointed Chairman to mark an important leadership milestone in their growth strategy and further solidify Pharos' position within offshore wind, telecoms, oil & gas and other sectors.

Container Ships Are Prone to Fires, Explosions and Route Shifts Due to Year-End Boom in Arctic Transits and Newbuild Orders

Over the past week, container shipping experienced several critical incidents. These included the controlled fire on ONE Henry Hudson's return to Los Angeles, as well as crew abandonment after a Red Sea explosion aboard Hong Kong-flagged vessel from Hong Kong-flagged vessel Hong Kong-flagged. Northern Sea Route recorded 15 container transits with seasonal gains for 2025 via 2025 Northern Sea Route as newbuilding orders hit 600 vessels year-on-year; plus Suez Canal returns could soon follow for major lines.