Globalization is having an anniversary. It was 50 years ago that Malcom McLean, an entrepreneur from North Carolina, loaded a ship with 58 35-foot containers and sailed from Newark, N.J., to Houston.
Shipping investors love trade disruptions, which generally boost freight rates. The mass diversions of container ships around the Cape of Good Hope are cheered by container shipping stock investors ...
Shipping tends to be cyclical, though not all forms of transport are affected equally. After a disastrous 2015, bulk carriers remained in an unprecedented slump and containers were only slightly ...
The resulting delays and extra costs for shipping companies have fueled concerns that consumers, still struggling after a prolonged spell of rampant inflation, could be hit with fresh price rises.
The Red Sea security situation has slashed container ship traffic in the region by more than half, which experts say has “completely shifted the trajectory of the container market,” while transits of ...
Container shipping rates for key global routes have soared this week, with U.S. and U.K. air strikes on Yemen stirring concerns of a prolonged disruption to global trade in Red Sea, one of the world’s ...
The conflict between Israel and Hamas has disrupted marine shipping traffic through the Suez Canal, leading to detours and increased costs for global shippers. Shippers are avoiding the Suez Canal and ...
Sweden's Rederi AB TransAtlantic has entered into an agreement with AtoB@C Shipping AB where TransAtlantic effectively outsources all the commercial activities of its Short Sea Bulk division, starting ...
Stena Bulk has found a buyer for a fire-ravaged tanker that was badly damaged during a deadly collision in the North Sea. It ...
On the morning of March 10, the Portuguese-flagged container ship Solong collided with US-flagged tanker Stena Immaculate, which was anchored, in the North Sea LONDON, March 12. /TASS/. All crew ...
LONDON/LOS ANGELES, Jan 12 (Reuters) - Container shipping rates for key global trade routes have soared this week, with U.S. and UK air strikes on Yemen stirring fears of a prolonged disruption to ...
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