ocean freight
Maersk Raises Profit Guidance Again as Red Sea Tensions Weigh on Ports and Rates
Drewry's Philip Damas says the new outlook is a prime indicator Maersk expects the current disruptions to…
Panama Canal Eases Draft Restrictions Ahead of Schedule
The canal's authority loosened its restrictions nearly two weeks ahead of schedule due to current and…
Port of Baltimore Shipping Channel Opening Delayed
The Unified Command team tasked with restoring the channel said it will be fully open to its original…
WWD Recommends
Container Shipping’s Red Sea Rebound Reels in $5.4 Billion in Q1 Profits
Container shipping saw a major turnaround in Q1, with the industry swinging from what was nearly a $700…
Dali Vessel Responsible for Baltimore Bridge Collapse Moved from Crash Site
With the ship refloated, the Port of Baltimore is another step closer to reopening operations by its end of…
Panama Canal Traffic Improving but Schedule Reliability Still ‘Disappointingly Low’
According to Xeneta's Peter Sand, three out of five ships traversing the canal still arrive late at the…
‘Contract Rates Are Clearly the Way to Go’ As Spot Market Heats Back Up
According to Drewry's World Container Index (WCI), prices for 40-foot containers rose 16 percent last week…
Peloton Files FMC Complaint Against Flexport, Citing ‘Millions’ in D&D Fees
"From 2020 to 2023, Flexport repeatedly and chronically failed to properly perform its inland transportation…
DHL Revenues, Profits Dip on Soft Demand, but CEO Expects Improved Second Half
Low freight rates have weighed down DHL's freight forwarding division, but Red Sea disruptions have pushed up…
Red Sea ‘Risk Zone Has Expanded’: Maersk Says Asia-to-Europe Capacity Could Fall 20%
Maersk is currently using 40 percent more fuel per journey, with charter rates currently three times higher…
Francis Scott Key Bridge Expected to Rebuilt by Fall 2028
The Port of Baltimore plans to handle cargo again at the end of May after being forced to shutter its…
Container Ships Could Face New Threat of Houthi Attacks Near Israel’s Ports
Maritime risk firm Ambrey advises vessels headed for Israeli ports to engage intelligence and security…
What Maersk’s 2024 Outlook Says About Container Shipping
The firm now anticipates total container volume growth to be in the upper end of its previously expected…
Houthis Attack MSC Vessel in Indian Ocean
The strike is the first indicator that the Yemeni militants are expanding their disruption of shipping beyond…
Here’s What Baltimore’s Bridge Collapse Could Cost CSX and Norfolk Southern
The Class I rail operators could be staring down $25 million in lost sales per month, both companies said in…