Ocean rates weaker after tariff-driven peak season
Fuel prices climb anew as U.S., Iran battle over Strait of Hormuz, but near-term outlook for tariff pressures uncertain ahead of midterm elections.
Fuel prices climb anew as U.S., Iran battle over Strait of Hormuz, but near-term outlook for tariff pressures uncertain ahead of midterm elections.
Marad is partnering with the Port of Long Beach to pilot small modular reactors for commercial shipping.
ITE Management has acquired the North American Chassis Pool Cooperative, expanding its intermodal platform to over 60,000 units.
Yemen’s Houthi rebels announce a ‘blockade for blockade’ in escalation with Saudi Arabia that again threatens the Suez Canal shipping route.
Enhanced industry precautions and stronger law enforcement responses drive a regional decline in crime against Asia-based shipping.
Orient Overseas Container Line saw mostly improved second-quarter performance across volumes, utilization, and pricing.
Rail freight volume is still well ahead of 2024, but network issues may be slowing traffic movement.
The Port of Los Angeles topped 1 million TEUs for only the third month in its 118-year history.
The Port of Long Beach achieved its third-busiest June despite economic uncertainty and war-related supply chain pressures.
The Port of Jacksonville has broadened its reach as two liner operators add the Florida port gateway to a three-continent service.
DP World is reportedly planning a new UAE port and container terminal away from the Strait of Hormuz.
Shippers could start to see some relief from soaring trans-Pacific ocean rates, according to one analyst, as prices moderated in the most recent week.
Iran closed the Strait of Hormuz and attacked U.S. installations and regional energy production in a widening Gulf war.
The leadership transition at the fourth-busiest U.S. container port is marked by little more than a change in parking spaces.
Retailers are frontloading imports to beat expected August tariff increases, pushing major U.S. container ports toward a new all-time record in volume this month.
Strong demand on the trans-Pacific keeps container rates high despite lower fuel costs, though volumes may be peaking early.
A shift by a major carrier partnership could signal a wholesale return of global shipping to the Suez Canal.
Government relations firm Thorn Run Partners announced that a former FMC Chair would lead its new Latin America business unit.
Ocean shipping rates continue their upward climb as peak-season demand, and not crude oil, are driving higher prices.
Maersk raises its 2026 FY guidance, citing strong container demand in the Far East and higher spot rates.