ocean freight
Baltimore Calls Bridge Collapse Result of Shipowners’ ‘Carelessness, Negligence’
Baltimore's mayor and city council are seeking legal action against the owner and operator of the Dali after…
Panama Canal Will Allow 32 Vessels Per Day in June
The announcement is the biggest sign yet that conditions from last year's months-long drought are in the…
Iran’s Seizure of MSC Ship Could Bring Rise in ‘War-Risk’ Premiums
The seizure occurred near the Strait of Hormuz, spelling trouble at two separate trade chokepoints on both…
Red Sea Rerouting Leads to Spike in Emissions
Higher fuel consumption could lead to a 42 percent rise in emissions per ship from Asia to North Europe, says…
Panama Canal Targets Return to Normalcy by 2025…If Rain Keeps Up
"All modifications to restrictions will be contingent on the forecasts," said the Panama Canal Authority in a…
FMC to Ocean Carriers: Post-Baltimore Bridge Late Fees Must be ‘Reasonable’
The agency warned carriers not to capitalize on cargo diverted from Baltimore's port after the collapse of…
Container Cleanup at Baltimore Bridge Crash Site Begins After Biden Visit
The Army Corps of Engineers wants to restore normal port access by May 31—a timeline Baltimore mayor Brandon…
House Passes Ocean Shipping Reform Implementation Act to Guard Against China Data Monitoring
Building upon legislation passed in 2022, the new bill, known as OSRA 2.0, expands data protections for U.S…
Ocean Freight Contracts Update: ‘There’s A Lot of Shippers Who Are Just Waiting’
The largest shippers typically set the benchmark for contract negotiations, said Judah Levine, head of…
Maersk CEO: Post-Pandemic Freight Rate Declines ‘Unsustainable’
The comments come despite a likely boost into short-term profitability due to the Red Sea-driven pop in…
Panama Canal to Increase Daily Transit Slots Ahead of Schedule
Water levels at Panama's Gatún Lake appear to be improving from late last summer, when the country…
Red Sea Disruptions Expected to Bring Container Shipping Back to Profitability
Benefits from increased freight rates might be more visible for ocean carriers in Q2 and Q3 2024, according…
Ocean Alliance ‘In a Very Strong Position’ After Extending Vessel-Sharing Commitment
Ocean carriers CMA CGM, Evergreen, Cosco and OOCL might have a leg up on their competitors as they outpace…
Container Ships Spurn Suez Canal as Houthis Tout ‘Submarine Weapons’
Container tonnage crossing the Suez Canal fell by 82 percent between Dec. 1 and Feb. 12, cited the U.N.'s…
Panama Canal Restrictions Not Expected to Change Until April
In good news for retailers and brands, some ocean carriers are restoring services that had temporarily moved…