Shipping

Red Sea Crisis Deepens: Another Ship Sinks, Industry Demands Action
Shipping groups urge governments to intervene as Houthi attacks claim more lives and send freight rates soaring. Second vessel sinks in Red Sea.

Port Strike Fears Intensify as Imports Dip, Freight Costs Soar
East Coast port strike looms while LA imports fall slightly. But bigger storm brewing as ocean freight rates could hit $20,000 per container.

Sky-High Container Rates Spur Shipper Anxiety
Container rates hit new highs, causing shipper worry. With tender rejections in LA hitting 2-year highs, FreightWaves' Craig Fuller is "bullish" on 2H recovery.

Container Rates Triple as Global Trade Surges
Plus, the Port of Los Angeles posted its 11th straight month of year-over-year gains in exports, processing 770,337 total TEUs, up 12% from last year.

Why Are Ocean Freight Rates Spiking Again?
Ocean freight rates are rising due to supply constraints, route changes, and peak season prep. Here’s what’s driving the increases and what to expect next.

Far East to US Shipping Rates Up 150%, But Relief in Sight
After a sharp increase, spot rates from the Far East to the US are declining, following the earlier pattern seen in Europe.

Ports of Los Angeles and Long Beach See January Freight Boom
A strong start to 2024: LA and Long Beach ports see cargo boom in January.

US Ports Hold Strong Amid Global Shipping Snags
Despite Red Sea tensions and canal hiccups, U.S. ports are pulling off some solid cargo numbers.

US Ports Adapt to Global Supply Chain Shifts
US ports face new challenges with a surge in West Coast imports and East Coast disruptions due to Red Sea attacks.

US Strikes Houthi Targets in Yemen
U.S. and allies target Houthi rebels in Yemen, responding to threats against cargo ships in the Red Sea.

Maersk Halts Red Sea Operations Indefinitely After Latest Attack
Maersk indefinitely halts Red Sea operations after a severe attack on Maersk Hangzhou on December 30.

Crisis Hikes Freight Rates to $10K
Ocean freight rates hit $10,000 as the Red Sea crisis forces vessel diversions.