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

The container shipping market has become used to cyclicality over the decades, and it experienced an unprecedented peak in 2021 and 2022 with record rates and profits for liners. But with consumers ...

Dutch shipowner and manager JR Shipping takes over four container spring ships and is expanding its fleet again. Harlingen-based JR Shipping said that it has added three 1,436 TEU container feeders to ...

The world's largest capacity container ship has set off on its maiden voyage. Measuring 400 m (1,312 ft) in length and 58.6 m (192 ft) wide – or the size of four soccer fields for those more familiar ...

The return of vessel queues outside Singapore, and many other ports for the first time since Covid, points to trouble in the system that transports 45% of global trade by value. At least 6-7% vessel ...

Global container volumes again broke a monthly record in what is turning out to be a stronger year than expected. Volumes hit ...

The paving will increase APM Terminals’ efficiency and capacity by expanding the area where containers can be placed. Thirty new acres of new compacted concrete will allow the Port of Mobile to ...

A total of 302 of 2,693 containership sailings, or 11%, have been canceled in May on all the main line trades, according to the latest data from maritime intelligence company eeSea, revealing the ...

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 ...

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 ...