Merchandise trade is withstanding its first post-pandemic shock, with no noticeable flareup of global consumer prices. But that’s not guaranteed to last if snarls prove long-lasting.

Inflation looks to be easing across the developed world, except for one glaring pocket of hot prices: cargo costs on the high seas.

Companies transporting goods from Asia face costs of as much $10,000 for an urgent full-size shipping container over the next month — about double current spot rates.

JERUSALEM — A containership came under attack by a drone in the far reaches of the Arabian Sea, corresponding with a claim by Yemen’s Houthi rebels that they assaulted the ship there.

U.S. ports closed out the first quarter in March with continued year-over-year increases in container volumes.

The Ocean Shipping Reform Implementation Act, sponsored by Reps. Dusty Johnson and John Garamendi, was approved on March 21 by a vote of 393 to 24.

The Federal Maritime Commission has issued a final ruling to simplify international container billing practices in a move hailed by truckers.

The anchor of a cargo ship that was attacked by Houthi militants was the most likely cause of damage to three telecommunications cables in the Red Sea in late February.

DUBAI, United Arab Emirates — A missile attack by Yemen's Houthi rebels on a commercial ship in the Gulf of Aden killed three of its crew members and forced survivors to abandon the vessel March 6.

Houthi militants attacked and damaged a Swiss-owned container vessel on March 4 in the Gulf of Aden, as the Iran-backed group continues to roil shipping in the region.