Inflation is easing globally except for soaring cargo costs on high seas, with spot rates for shipping containers to US and Europe tripling...

Singapore's port faces congestion due to vessel diversions to avoid Red Sea attacks by Houthi rebels, impacting global supply chains and ca...

Under the regulation, which takes effect Jan. 1, vessels going into and out of EU ports must pay for their carbon pollution, affecting deli...

In the meantime, as per maritime research firm Drewry, global average ocean freight rates for a 40-foot container have jumped for five week...

The cost of shipping a container from Asia to the US peaked at $8,585 in March last year and has since plummeted to $1,200 — the lowest sin...

As firms reopen there will be a rush to purchase raw materials, and then a flood of finished goods leaving factories as companies try to ma...

The Federal Reserve’s Beige Book report noted that “high freight volumes continued to strain distribution systems,” and “contacts expected ...

The container shipping market is experiencing one of its best years as a perfect storm of Covid-driven purchasing demand, port congestion a...

While demand from American consumers and companies is one reason for the rate spike, a shortage of containers remains another reason for th...

A report put out by the consultancy stated that although demand growth is expected to recover next year after a very poor 2015.

However, a slight pick up on the back of recovery in global trade and economy recently have lifted hopes and freight rates in the shipping ...

Companies are mounting challenges to enter the big league based on strong cash positions. Incumbent operators need to be ready to face comp...

London-based Drewry Shipping Consultants said the industry will know more if the world recession is on the run in the next six weeks after ...

Adverse weather conditions and terminal congestion notwithstanding, Maersk Line was one of only three carriers able to improve schedule rel...

Drewry Shipping Consultants' latest Container Forecaster has identified a number of weaknesses in the ocean liner industry that banish hope...

Drewry Shipping Consultants has painted an alarming picture of global shipping in its latest quarterly Container Forecaster. The current ye...

A new study by Drewry Shipping Consultants has sounded the alarm that the shortage of seafarers will worsen in the years to come.