"Maybe the bulk of it is already behind us," said ZIM chief financial officer Xavier Destriau, as poor trans-Pacific demand remains a key pressure point for rates.

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.

Far East to U.S. ocean freight rates are up between 36%-41% month over month, while air freight prices have jumped 9% this year. DHL says ocean freight rate inflation might not ease up before ...

Container rates predicted to be at their peak Online shipping platform Container Xchange also says ocean freight rates rose dramatically on some routes between November 2023 and this February.

Freight rates on U.S. ocean trade routes hold steady as shippers and carriers wait out trade talks, tariff deadlines. The post Ocean container rates becalmed as shippers, carriers try to be calm ...

Containers piled high on giant vessels carrying everything from car tires to smartphones are toppling over at an alarming rate, sending millions of dollars of cargo sinking to the bottom of the ocean ...

Costs to ship a 40-foot container from China to the U.S. West coast is now about $5,400. These huge ships can carry as many as 23,000 containers from Asia to California with a crew of 25.

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The largest container ships now reach 1,300 feet in total length and their capacity has increased to more than 20,000 TEU, or more than 10,000 40-foot-long steel shipping containers.

With ocean shipping, containers and space on vessels have been very hard to come by this year. “Space is tight. Even though you have a booking, at the last minute it can get rolled,” Steve Frank, ...

TACOMA, Wash. — President Joe Biden on June 16 signed into law the Ocean Shipping Reform Act, the largest overhaul of shipping industry regulations since 1998. TrendingU.S. and Brazil farm […] ...

It was also only one of at least six spills since October that dumped more than 3,000 cargo containers into the Pacific Ocean along shipping routes between Asia and the United States. They include ...