Transpacific Freight Rates Surge Amid Trump Tariff Turmoil
Global container shipping rates have seen a dramatic upturn, with Drewry’s World Container Index climbing 41% this week to reach $3,527 per 40ft
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Global container shipping rates have seen a dramatic upturn, with Drewry’s World Container Index climbing 41% this week to reach $3,527 per 40ft
Iran is shipping less oil to China, as toughening sanctions snarl the OPEC producer’s shipments and refinery demand falls in the world’s biggest fossil
Ocean-based sectors have emerged as a cornerstone of global trade, reaching a significant milestone of $2.2 trillion in 2023, accounting for 7% of world trade.
The Port of Corpus Christi has marked a significant milestone with the completion of its Channel Improvement Project (CIP), deepening the ship channel serving
Maritime casualty incidents have increased dramatically over the past six years, with DNV’s latest report revealing a 42% rise between 2018 and 2024, far
Höegh Autoliners and Nordic Circles have partnered to revolutionize ship recycling in Norway, launching a project that will transform decommissioned vessels
Jim Lawrence, a towering figure in U.S. maritime industry and founder of the Connecticut Maritime Association (CMA) conference, passed away on Sunday after a
A new report from international classification society ABS and Herbert Engineering explores an innovative solution to the growing energy demands of artificial
Solvang ASA and BlackRock’s Global Infrastructure Partners (GIP) have announced the formation of a 50:50 joint venture called Solvang Gas Carriers. The
Panama's Maritime Authority has removed from its registry more than 650 vessels since 2019 as part of an effort to fulfill U.S. sanctions and enforce stricter
Ocean Network Express (ONE) has announced the implementation of a comprehensive Ship Recycling Policy and membership in the Ship Recycling Transparency
The Government of Panama has issued a strong rebuttal to accusations made by United Against Nuclear Iran (UANI) regarding its role in enforcing sanctions
By Philip J. Heijmans and Alberto Nardelli Jun 1, 2025 (Bloomberg) –Defense officials from Europe and Southeast Asia called for stronger
The U.S. Coast Guard has released a significant update to its underwater survey guidance for U.S.-flagged vessels, marking the first major revision since its
Container spot freight rates on the transpacific trade saw another week of double-digit gains, as carriers forced prices with the détente in the US-China
Importer uncertainty ahead of the vital holiday ocean shipping season remains high, the executive director of the busiest port in the U.S. said on Thursday, as
(Bloomberg) — The ceasefire in the tariff fight between the world’s two largest economies is encouraging trade across the Pacific, holding up freight
The captain of the Portuguese-flagged containership Solong has pleaded not guilty to charges of gross negligence manslaughter following a fatal collision with
In recent days at least a half-dozen sanctioned LNG carriers have received permits to sail Russia’s Northern Sea Route this summer. The vessels include last
A federal appeals court temporarily reinstated the most sweeping of President Donald Trump's tariffs on Thursday, a day after a trade court had ruled Trump had
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