LONDON – Spot ocean container rates actually fell this week, representing their first decline seen since they began to soar in early May.. Spot rates fell 2% this week to an average of $5,806 per ...

Meanwhile, long-term contract rates finished 2022 about 20% lower than the pandemic peak of more than $8,000 per container, according to maritime consultancy Drewry, which expects contract rates ...

LONDON – Spot ocean container rates fell this week, marking their fifth consecutive weekly drop since they began to soar in early May, according to container rate tracker Drewry.. Spot rates fell 3% ...

Testing the peak Covid era $30,000 container rate. On Thursday, Sea-Intelligence issued a note forecasting that Asia-Europe spot prices could exceed $20,000, with the Red Sea crisis — the Houthi ...

Ocean container lines are bracing for muted demand during the usual peak shipping season heading into the fall, with supply chains still rattled by the coronavirus pandemic and retailers in the U ...

Hapag-Lloyd is one of the largest Ocean carriers. They have a fleet of over 250 container ships and a transport capacity of 1.8 million TEUs. They recently announced they will equip their entire ...

Businesses continue to open here and there across the Eastern Shore. Check out what restaurants, ice cream shops, and more ...

Logistics Report; How Shipping Containers End Up in the Ocean Recent shipping accidents have investigators looking more closely at the conditions that can send boxes tumbling from vessels into the sea ...

One of AP Moller-Maersk’s container ships carrying goods from China to the U.S. lost part of its cargo in the Pacific Ocean during bad weather. About 750 containers from the Maersk Essen fell ...

Creation of Lake Michigan’s first international container terminal serving the Chicago area is underway since CBP officials approved a Ports of Indiana-Burns Harbor plan.