To address ongoing supply chain and port congestion issues, although conditions have eased recently, President Biden signed the Ocean Shipping Reform Act in June. It empowers the Federal Maritime ...
Shipping analysts say ocean freight traffic is poised to remain at a high level through the end of the year; containers could become scarce in North America. Consulting firm Xeneta says in part “there ...
Much of what we all consume or own today arrived here in a shipping container. These large steel boxes have become the vehicle by which virtually everything that isn’t shipped in bulk like oil, coal ...
Rising trans-Pacific ocean freight rates are expected to climb further as demand picks up in anticipation of the Lunar New ...
Online shipping platform Container Xchange also says ocean freight rates rose dramatically on some routes between November 2023 and this February. Persistent Red Sea attacks continue to lead to shifts ...
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Red Sea terminal debuts as ocean carriers test post-crisis Suez routing
Backed by $1.8 billion from Hutchison, CMA CGM and Cosco, the Ain Sokhna terminal comes online amid renewed confidence in ...
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 ...
Shipping snafus are gaining steam as congestion along one major rail system is causing shippers to halt hauling ocean containers from the West Coast. According to “The Journal of Commerce,” the Union ...
In a clear sign that the Trump administration’s tariffs are beginning to impact global trade, ocean container bookings from China to the United States have dropped sharply in recent weeks. Data from ...
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