CFOs Take Center Stage at Global Fashion Summit
Ocean carriers
A Bed Bath & Beyond Shipping Dispute Is Now a Constitutional Crisis for the FMC
OOCL's lawsuit challenging the FMC's authority to hear Shipping Act cases is the first of its kind, and could…
Maersk Faces $500 Million in Extra Monthly Costs Due to Iran War
The carrier is passing added costs to customers through surcharges and higher spot rates, and warns the…
Maersk Ship Clears Hormuz Under US Escort as MSC, Hapag-Lloyd Pivot Routes
The U.S.-Iran ceasefire endured its biggest stress test Monday, but carriers are finding ways to operate…
Hormuz ‘Opening’ Proposal Faces Skepticism as Iran Seeks End to US Blockade
While Iran's proposal would pause attacks on vessels, the Trump administration is extending a Jones Act…
Iran Detains Two MSC-Operated Vessels in Hormuz, Fires on Another Ship
The vessel seizures follow last weekend's temporary easing of transit conditions in the strait, when four…
‘Right Back Where We Started’: CMA CGM Ship Hit as Hormuz Attacks Resume
Analysts warn shipping risks through the conduit are at their highest level yet after this weekend's vessel…
‘Do Not Hesitate’: Shippers Urged to Lock in Lower Contract Rates Despite Hormuz Disruptions
With contract season coming to a close, overcapacity is keeping pricing negotiable for importers and…
Trump Threatens to Blockade Strait of Hormuz After Failed Iran Peace Talks
An irate President Donald Trump has ordered the U.S. Navy to blockade the Strait of Hormuz, choking off the…
After Iran War Ceasefire, Ocean Carriers Uncertain of Hormuz Return
Carriers remain cautious about the fragile state of the Strait of Hormuz, with Hapag-Lloyd saying it would…
CMA CGM Vessel Navigates Hormuz as Crisis Remains ‘Localized’
A Drewry analyst says shippers "should not panic" regarding freight rate increases, which are most prominent…
Amazon Imposes Fuel Surcharge on Sellers as War-Driven Costs Mount
The 3.5 percent fuel surcharge comes as Maersk battles with the FMC on how quickly it can passes off its own…
Pakistan’s Ports Capitalize on Gulf Shipping Disruptions
The Port of Karachi handled record transshipment volumes in March as incentives and vessel rerouting both…
Houthi Threat to Red Sea Shipping Could Reemerge as Iran Conflict Deepens
Potential escalation would compound Hormuz disruptions, shrinking rerouting options and accelerating cost…
Cosco Ships Cross Hormuz as Retailers Brace for Cost Fallout
The transits through the conduit are the first for a major ocean carrier since the start of the Iran war…
Hormuz Crisis Hits Hapag-Lloyd With Up to $50M in Added Weekly Costs
As fuel cost pressures intensify for Hapag-Lloyd and its ships remain stranded in the Persian Gulf, Cosco…