Container Spot Rates Fall as Capacity Growth Pressures Freight Rates
Spot container freight rates continued to ease this week as additional vessel capacity and softer demand weighed on the world’s major east-west trade
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Spot container freight rates continued to ease this week as additional vessel capacity and softer demand weighed on the world’s major east-west trade
President Donald Trump on Thursday threatened direct military retaliation against Iran after Yemen’s Houthi movement resumed attacks on commercial shipping,
Two Chinese supertankers carrying a combined 4 million barrels of Saudi Arabian oil are exiting the Red Sea via the Bab el-Mandeb strait on Thursday, shipping
Some Asian crude oil buyers are in talks with Saudi Aramco to potentially reroute flows around Africa after Houthi attacks on tankers in the Red Sea, according
Yemen’s Houthi movement has resumed direct attacks on commercial shipping, claiming responsibility for strikes on two Saudi oil tankers just minutes
The Port of Long Beach has become the first U.S. seaport to formalize a partnership with the U.S. Maritime Administration (MARAD) aimed at advancing small
ABS has awarded Approval in Principle (AIP) for a concept design for a nuclear-powered 15,000 TEU containership developed in collaboration with the Korea
Ships continue to turn away from the southern end of the Red Sea, after Yemen’s Iran-backed Houthi rebels announced an embargo on Saudi exports through the
President Donald Trump on Wednesday threatened to destroy Iranian bridges and power plants each time Tehran attacks a ship in the Strait of Hormuz, laying out
The European Union’s naval mission in the Red Sea has raised its threat assessment for the North Red Sea after Yemen’s Houthi movement expanded its
The European Union has boarded another tanker linked to Russia’s shadow fleet as Brussels expands its use of naval forces to challenge vessels suspected of
Challenges to shipping in the Middle East escalated, as a call from Iran-backed Houthi rebels against servicing Saudi ports spurred unusual maneuvers in the
The U.S. Coast Guard’s National Maritime Center (NMC) has significantly reduced processing times for merchant mariner credential applications, cutting
The Strait of Hormuz is bleeding trade confidence again. Barely a month after Washington and Tehran signed a memorandum of understanding meant to end months of
Two oil tankers loaded with Saudi crude for China and India made U-turns in the Red Sea on Tuesday, heading towards the Suez Canal rather than braving
EUKOR Car Carriers has completed its first green methanol bunkering operation, marking another milestone in the commercial rollout of methanol-powered vehicle
Global trade faces a fresh headache on top of the months-long snarls in the Middle East that have roiled flows, with the Panama Canal moving to curtail some
A second commercial tanker has been abandoned by its crew in less than 24 hours after being struck by an unidentified projectile near the Strait of Hormuz,
A commercial tanker reported being struck by what was described as either a drone or missile near the Strait of Hormuz on Monday, marking the latest attack on
One shipowner is attempting to coax crews to sail through the Strait of Hormuz by offering them an extra six months pay if they’re willing to cross the vital
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