Sectors like cement, chemicals and shipping aren’t securing enough orders for more emissions-friendly items, according to a COP28 initiative

The device would funnel all emissions from a ship’s engine, creating new salinated water, and dump it into the ocean

Increasing disruptions mean global buyers face the risk of another spate of price increases like the post-pandemic inflation spike which central banks are still trying to tame

The strike marks a serious escalation of attacks by Houthi militants given they have, so far, primarily targeted container vessels moving through the Red Sea

Since the assault by Iran-backed Houthis began in December, 39% fewer ships are moving through the Suez Canal, leading to a 45% decline in freight tonnage

The situation in the Red Sea has remained volatile despite extensive efforts by a US-led coalition to avert attacks by Houthi militants

Attacks by Iran-backed Houthis have doubled the cost of exports from India and cast a shadow over China's commercial interests and major investments along the Suez Canal

A tanker was reportedly seized on Thursday by armed men near Oman and headed toward Iran; attacks on vessels near the Red Sea are taking a toll on global commerce.

COSCO’s decision comes on the back of increasing tensions in the Red Sea, one of the most used trade routes in the world

Shipping giants are bracing for significant disruptions to affect key routes like the Panama Canal and knock complex vessel schedules out of sync

Japan's biggest sea freight companies, Mitsui OSK Lines and Nippon Yusen, and Germany’s Hapag-Lloyd are worried about threat of attacks in Red Sea

California port leaders expect imports to rise as Shanghai, home to the world's busiest seaport, emerges from a two-month Covid-19 lockdown