News

For the second consecutive month, the East Coast’s Port of New York and New Jersey has become the nation’s business seaport. In September of this year, the port moved...

Tolls for all vessel types using the Suez Canal, including tankers and containerships, are set to rise by 15% next year, with the exception of dry cargo and cruise...

Ocean freighters have been adding air cargo to their businesses, as the unpredictable nature of supply and demand has created a need for goods to be flown. Being able...

A drop in spot rates appears to be falling more rapidly than had been expected. As noted recently by Stifel analyst Ben Nolan, “Management indicated that… the downward softening has...

Transport unions in Felixstowe and Liverpool are experiencing disruptions of closed ports due to labor strikes, further impacting supply chains. The Golden week in China (1-7 October), when factories...

The International Union of Marine Insurance (IUMI) has reported an increase in the 2021 cargo insurance premium base (from 2020) of 8% to USD 18.9 billion. In most markets,...

According to data in July’s Cass Freight report, U.S. freight rates increased 28% year over year, but declined by almost 2% month over month in July, signaling the U.S....

Technology platform provider Shifl has reported that the shipping rate for a standard 40-foot container from China to the U.S. West Coast is set to fall below the $5,000...