July might see peak shipping rates due to port congestion in Asia, the Red Sea crisis, and increased

The ocean freight container shipping market is experiencing dramatic rate increases, driven by a com

The collapse of the Francis Scott Key Bridge in Baltimore has caused supply chain disruption on the US East Coast, but ocean freight container shipping rates have not increased. Data from Xeneta shows

The collapse of the Francis Scott Key Bridge in Baltimore, caused by a container vessel, has significantly impacted the local supply chain and raised concerns for the Port of Baltimore.This incident h

The significant challenges and disruptions faced by the shipping industry due to the Panama Canal's drastic reduction in transit capacity.

This year, the situation has improved as U.S. imports have been steadily rising since February, and there's a noticeable uptick in imports from China.

Accoring to freightwaves, the average daily bookings for container imports were half of what they were in January of 2022 and 25% lower than pre-pandemic 2020. And while the Lunar New Year has depress