Spot rates for ocean containers rise as demand from Asia to the US East Coast strengthens, with improvements expected on the West Coast.

Ali Wyne explores the U.S. shift towards coexistence in China policy, emphasizing the need for a pragmatic approach amid rising tensions.

IN a surprising turn of events, German exports experienced an unexpected rise in April, primarily driven by increased deliveries to China as the country reopened after the Covid crisis, reports Reuters

TENSION is mounting in the global air cargo market with rates at their lowest since March 2020 as airlines and forwarders search for volumes, reports CLIVE Data Services, part of Xeneta, reports the American Journal of Transportation

THE global idle containership fleet stood at 472,995 TEU as of July 24, marking the first time in two years that capacity has fallen below 500,000 TEU.

On August 30, Capesize forward contracts for the current quarter (July to September) stood at

Global Maritime News & Shipping Industry Updates

The container traffic at Oman’s major sea ports increased by 6 per cent annually going up from 3 million units equivalent to 20 cubic foot in 2007

Big Island expects rise in cruiseshipdockingsVictoria AdvocateHONOLULU (AP) - Big Island tourism officials are expecting a 15 percent increase in cruiseshipdockings next year. Big Island Visitors Bureau chief George...ve daha fazlası »

A SHORTAGE of US truck drivers, new regulations and solid demand are driving up long-haul rates that are now combining to accelerate inflation, says a Bloomberg commentary

Ship tankers in the US are getting a much needed boost by the country's increase in oil production. According to a report from US-based consulting company, Mcquilling&Services, US crude oil production has risen to more than 7 million barrels per day since the end of 2012, remaining at these levels since then.According to the report, "one of the

MALAYSIA's Westports Holdings Bhd saw first quarter net profit rise 13 per cent year on year to MYR139

The dry bulk market has continued its climbing trend yesterday, as the industry's benchmark, the Baltic Dry Index (BDI) was up by 39 points to 820.

Drewry's latest Dry Bulk Forecaster report suggests that cash-strapped shipowners will scrap younger and younger ships this year as the dry bulk market wallows in the doldrums. A ship as young as 15 years has already been sold for scrap in recent months, and the average scrapping age of Chinese-built Capesizes was 21 years in 2012. Drewry does not expect any improvement in the freight market in 20...

CHINESE exports rose in July, growing 3