A perfect storm in global trade is creating a shipping container capacity crunch, fueling a sudden and surprise spike in ocean freight rates. The beginning of peak shipping season, coupled with the ...
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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.
With the Red Sea diversions by shipping companies including Maersk continuing amid the risk of attacks by the Houthis, global logistics managers are faced with a two-front storm of rising ocean and ...
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 ...
LONG BEACH, Wash. (AP) — Russ Lewis has picked up some strange things along the coast of Long Beach Peninsula in Washington state over the years: Hot Wheels bicycle helmets with feather tufts, ...
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 ...
A major ocean container line reversed its decision to return to the Red Sea just weeks after resuming scheduled sailings ...
Some 15 empty shipping containers at the Keppel Terminal fell into the sea on Thursday (Dec 1) afternoon as a result of ...
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