The downward trend in ocean freight volumes that began in 2022 continued last year, with many major ports reporting declines in throughput of containerized cargo. Transport Topics’ updated Top 25 list ...
Just as the Federal Reserve and U.S. economy get good news on inflation, with consumer prices and wholesale prices softening, a major global trade inflation indicator is headed in the wrong direction.
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Soft demand sends ocean freight rates lower ahead of Lunar New Year
Carriers abandon February rate hike plans and add more blank sailings as pre-LNY volumes fail to materialize.
This past week, the U.S.-China trade fight moved decisively onto the water, Freight Right Global Logistics reports. On Oct. 14, Washington and Beijing both activated reciprocal port-entry fees that ...
An ocean container capacity crunch has hit global trade just as peak shipping season starts, with freight spot rates up some 30% over the past few weeks and heading higher. Bad weather, longer ocean ...
Ocean freight rates to the Port of Khor Fakkan in the United Arab Emirates are surging as Israel continues to attack Iran and Iran reported its first attack on U.S. military bases, after a weekend ...
Freightos, the freight booking and payment platform, launched its WebCargo Rate & Quote Ocean capability, allowing freight forwarders to manage rates, quote, and book freight on a single digital ...
Shipping giant Maersk is backing new international fuel standards and shifting to dual-fuel vessels. (Maersk photo) An international body that regulates ocean shipping is preparing to finalize a ...
Governments from across the world are gathering in London this week to thrash out a landmark global carbon charge for the shipping industry. There’s been quiet optimism among those following the talks ...
The spread between spot ocean freight rates and the long-term contract market is at its highest since September 2021, equal to $2,500. Ocean spot freight rates have tumbled for a sixth-consecutive ...
Risk is the "new normal" for the global ocean shipping industry that handles 80% of global trade as pressure from geopolitical tensions, rising protectionism and climate change mounts. "There are ...
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