Reduced volumes are currently posing a major challenge to container shipping due to the COVID-19 crisis.
South Korea will step up its financial support for the nation’s shipping industry that felt the impact of the coronavirus pandemic as the global economy is heading for recession
Contract prices fell, month on month, by 1.8% in June, following a 1.2% decline in May, and are now 1.3% below their levels last year
CMA CGM, the world's fourth-largest container shipping line, will impose emergency congestion surcharges at Cape Town port in July due to disruptions caused by the coronavirus.
At lest three shipping containers were lost overboard from the containership Navios Unite last week off the coast of Australia
During the past two decades, China’s rise as an economic powerhouse has also triggered a massive expansion of the shipping industry, both in China, but also globally.
Southern California has become a key entry point for freight entering the U.S. in the post-COVID-19 market.
Initial projections painted a dim prospect for container lines following the outbreak of coronavirus, but unprecedented capacity discipline has led rates to rise.
The recession currently underway globally is bound to have a negative impact on demand for ships.
The Baltic Exchange's main sea freight index edged higher on Friday, helped by an uptick in rates for capesize and panamax vessels, and posted a sixth consecutive weekly gain.
June’s 6% month-on-month improvement despite falling demand for PPE is a sign of the sector taking ‘its first steps to a structural recovery’
Though cargo theft is a year-round problem for trucking, it is more of a concern around the July Fourth holiday, a report from Travelers and CargoNet shows.
Economy and virus a double whammy keeping most fleets out of the market