An ocean container capacity crunch has hit global trade just as peak shipping season starts, with freight spot rates up some 30% over the past few weeks and heading higher. Bad weather, longer ocean ...

A Drewry analyst says shippers "should not panic" regarding freight rate increases, which are most prominent on ...

Ningbo Ocean Shipping Company (Nbosco) has unveiled plans to invest CNY 2.7bn ($390m) in building six feeder container ships and container equipment. The Shanghai‑listed company said it will fund the ...

Shipping analysts say ocean freight traffic is poised to remain at a high level through the end of the year; containers could become scarce in North America. Consulting firm Xeneta says in part “there ...

With the Red Sea diversions by shipping companies including Maersk continuing amid the risk of attacks by the Houthis, global logistics managers are faced with a two-front storm of rising ocean and ...

This past week, the U.S.-China trade fight moved decisively onto the water, Freight Right Global Logistics reports. On Oct. 14, Washington and Beijing both activated reciprocal port-entry fees that ...

U.S. Coast Guard officials are closely monitoring yet another precarious situation involving a cargo ship at the Port of Long Beach.

A perfect storm in global trade is creating a shipping container capacity crunch, fueling a sudden and surprise spike in ocean freight rates. Stream Los Angeles News for free, 24/7, wherever you are.

A perfect storm in global trade is creating a shipping container capacity crunch, fueling a sudden and surprise spike in ocean freight rates. The beginning of peak shipping season, coupled with the ...