Monthly canal transits are now much lower than they were in 2015, the year before the Neopanamax locks went into operation.
Container lines faced overcapacity and huge losses in 2024. Then the Houthis flipped the market in favor of container lines.
Container-ship diversions from the Red Sea will likely last for months. Are large-scale tanker diversions imminent?
ITS Logistics is entering this digital arena with its container management and visibility platform ContainerAI.
APM Terminals announced a deal with Plaquemines Port to build a $500 million container terminal near the Port of New Orleans on the Mississippi River.
Houthi attacks have been a plus for shipping rates. The latest to benefit: Owners of container vessels that can be rented to shipping lines.
Maersk has opted to bypass the drought-stricken Panama Canal and use rail to transport cargo across Panama.
Two crew members died and another was injured after an early morning fire aboard a container ship at Port Houston.
project44 has consistently worked to bring greater transparency and visibility to the ocean sector, launching a suite of solutions powered by AI and machine learning.
The upsurge in rates due to ship diversions did not come soon enough to rescue container lines’ fourth-quarter results.
As the Houthis disrupt Red Sea trade, we’re seeing how fragile our supply chains are (again).
Red Sea escalation would juice tanker rates, but rates would fall if the conflict spilled into the Strait of Hormuz.
U.S. imports kept chugging along, despite all the talk of supply chain problems due to Red Sea attacks and Panama’s drought.
The conflict in the Middle East may have late-year implications for the domestic transportation market.
The combination of Red Sea detours and Panama Canal restrictions is having a knock-on effect: higher Asia-West Coast rates.
White House spokesman John Kirby said shipping risks caused by the Middle East conflict could become a “pocketbook” issue for Americans.
Genesee & Wyoming announced a partnership with Grupo Mexico to expand rail car-ferry service between ports in the U.S. and Mexico.
Imports to Europe and the U.S. East Coast face heavy delays as Operation Prosperity Guardian fails to bring shipping back to the Red Sea.
Tanker stocks rose as expected in 2023, container shipping shares surprised to the upside, and dry bulk stocks lagged the pack.
Cargo volumes at the Port of New York and New Jersey were 7.5% higher than November 2019 but 11% lower year over year.
