MSC, the world's largest ocean freight company, announced new rates of $8,000 to $10,000 for 40-foot containers to the U.S. West Coast, valid from May 15-May 31. Wan Hai has said it will charge a ...

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 ...

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 ...

LONDON – Spot ocean container rates increased 9% this week to $1,661 per 40-foot container, putting them once again at levels much higher (+17%) than they were pre-pandemic.. According to Drewry’s ...

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% ...

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 ...

With two more major ocean carriers jumping on board, TradeLens now covers more than 50% of the world’s ocean container cargo. IBM's efforts in the global container shipping industry may be the ...