Container Shipping Rates Hit 20-Month Low as 16-Week Decline Continues
The Drewry World Container Index has fallen 5% to $1,669 per 40ft container, marking the 16th consecutive weekly decline and reaching its lowest level since
The Drewry World Container Index has fallen 5% to $1,669 per 40ft container, marking the 16th consecutive weekly decline and reaching its lowest level since
The global shipping industry faces a significant financial challenge as United States Trade Representative (USTR) actions to “reverse Chinese dominance
MSC Mediterranean Shipping Company has reaffirmed its commitment to avoid the Northern Sea Route, citing environmental concerns and operational challenges,
With the Chinese Golden Week holiday beginning next Wednesday, there was little surprise that spot rates on the main east-west ocean trades continued to
A chief engineer has pleaded guilty to failing to report a hazardous condition aboard a vessel in Charleston, South Carolina, and subsequently obstructing a
The container shipping industry is experiencing an unprecedented divergence in the market, with US-bound trade lanes suffering significant declines while
Global port performance has declined between 2020 and 2024 due to multiple disruptions including the Red Sea Crisis, Panama Canal challenges, and
Ocean Network Express (ONE) has achieved a new milestone in container shipping as its vessel ONE Innovation set a new world record by loading 22,233 TEU —
The U.S. container shipping industry is heading toward what could be one of the most significant volume declines in its six-decade history, according to the
With spot rates on Asia-Europe shipments now being discounted on an almost daily basis, freight buyers on the trades fear that a new freight rate war may now
The container shipping sector continues to outpace other maritime segments in the adoption of alternative fuels, according to the latest analysis from BIMCO.
The maritime shipping industry is facing multiple headwinds as the Drewry World Container Index (WCI) fell 6% to $1,913 per 40ft container this week, marking
The Premier Alliance has separated its transatlantic MS2 service into two loops, one Asia-Mediterranean (MD2) and the other, a Middle East-US lane (GS2), to
The World Shipping Council (WSC) has launched an industry-first Cargo Safety Program aimed at preventing devastating ship fires caused by misdeclared dangerous
The Drewry World Container Index (WCI) fell 3% to $2,044 per 40ft container this week, marking the 13th consecutive week of decline in global container
Following a near-record peak this summer, import cargo volume at the nation’s major container ports is expected to steadily decline for the remainder of
U.S. container import volumes maintained strong momentum in August despite ongoing trade policy turmoil, according to Descartes Systems Group’s latest
The World Shipping Council (WSC) has released a new report revealing that 11.39% of inspected cargo shipments contained deficiencies in 2024, continuing a
The container shipping industry posted a net income of $4.4 billion for the second quarter of 2025, marking a significant 56% sequential decline from the $9.9
Yara Clean Ammonia has marked a significant milestone in maritime decarbonization with the steel cutting ceremony for Yara Eyde, the world’s first
Essential news coupled with the finest maritime content sourced from across the globe.
Sign Up