The vessel, which was carrying 84 tons of diesel and 367 tons of furnace oil, sank due to ‘flooding,’ the coast guard said.                              

Efficiency is at the core of reducing supply chain waste and, therefore, achieving sustainability goals.

Earlier this year, the Houthis agreed to halt attacks on U.S.-flagged vessels, but vessels flagged under U.S. allies or shipping to Israeli ports have remained vulnerable.

The plan’s first phase involves purchasing 79 ships, 30 of which would be medium-range vessels. 

The carrier suffered a roughly halving of freight bookings for China exports to the U.S. after the world’s two largest economies imposed triple-digit tariffs on each other’s goods.

All’s quiet on the American waterfront — at least for the next few years.

Imports have been elevated since last summer, first as retailers brought in cargo ahead of an October strike at U.S. ports, then in anticipation of an escalation of tariffs.

A pall of uncertainty hangs over what for decades has been one the main maritime highways of the global economy, carrying manufactured goods and vital commodities.

The vessel experienced what Maersk described as "machinery related issues in the main engine room" while it was roughly 354 nautical miles east of Bermuda.

The Houthis had initially agreed to cease its strikes against any ships without direct ties to Israel in late January, before resuming attacks in mid-March.