A year after a giant container ship got stuck in the Suez Canal for almost a week and disrupted global trade for months, another Evergreen Marine Corp. vessel has run aground.
With no immediate relief in sight from sky-high ocean container freight rates, shippers are faced with the question of how to negotiate with carriers for adequate capacity at a manageable price.
Russia’s ongoing invasion of Ukraine has the shipping industry bracing for new shocks to its labor force, which relies on experienced crew from both countries.
President Biden is taking on the concentrated market power of ocean shipping companies, although officials at the agency overseeing the industry indicated they lack any evidence of wrongdoing.
Putin’s assault on Ukraine, and retaliatory steps designed to paralyze the Russian economy, are heaping new disruptions on supply chains that never recovered from unprecedented shocks caused by the pandemic.
The U.S. and Europe’s biggest logistics firms have halted shipments to Russia, further isolating the country’s businesses and consumers after its military invaded Ukraine.
U.S. importers and exporters are bracing themselves for the possibility of a strike — or, at the very least, a damaging worker slowdown — by dockworkers at West Coast ports, as management and labor seek accord on a new longshore contract.
Omicron is ripping through cargo ships, raising concerns that a surge in cases, coupled with China’s tightened quarantine requirements for vessels, could delay supply chain stabilization for the shipping industry.
Container shipping rates are creeping higher after staying mostly stable this year, a signal that supply strains remain a drag on a global economy now bracing for an energy shock and geopolitical turmoil tied to Russia’s invasion of Ukraine.
The latest news, analysis, services and systems regarding ocean transportation and its impact on global supply chains. Today’s companies are transporting and delivering container shipments in a more efficient manner than ever before using new services and technologies that provide information en route - allowing them to stay ahead of the competition in their industries. As ocean cargo services continue to evolve, businesses are discovering new ways to increase efficiency and cut costs. Learn how companies are using ocean shipping solutions to power their supply chains.
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