Ship diversions from the Red Sea due to attacks by Iran-backed Houthi rebels have caused container freight rates to increase by about 30% in recent weeks. This rise is expected to continue as ...

A perfect storm in global trade is creating a shipping container capacity crunch, fueling a sudden and surprise spike in ocean freight rates. The beginning of peak shipping season, coupled with the ...

Traditional trade routes, particularly the Asia to Europe route, are experiencing more frequent disruptions. The volatility in the container freight market looks set to continue considering the number ...

Average container freight rates for Chinese exports have dropped 28% since the start of the year, according to BIMCO. This posts the worst first quarter development in twenty years. Based on input ...

The new operator of the Port of Portland’s cargo container terminal on Wednesday described big plans for the facility, which as recently as two years ago was in danger of closing. In September, the ...

The Port of Portland has re-opened Terminal 6 under private management in a move to give new life to the troubled facility.