This is the second time in about a month Maersk raised its forecast as the world’s supply lines are suffering from a number of disruptions.

As of May 26 — and for the first time in all of 2024 — water levels for Gatun and Alhajuela Lakes are above the mark recorded on the same date in 2023. 

A Chinese delegation traveled to the oil-rich Gulf state during the week of May 27, meeting Kuwaiti officials for “in-depth technical and field discussions.”

This is in response to the EU's Corporate Social Responsibility Directive, which mandates emissions reporting starting in 2026.

The IMO's resolution marks the first instance of the group addressing the issue since Houthi attacks in the Red Sea began in late 2023. 

With capacity stretched by more than five months of attacks on vessels in the Red Sea, the container shipping industry is scrambling to meet demand.

The new data platform combines the company's BlueBoxAir and BlueBoxOcean systems to form a single dashboard to manage and monitor cargo. 

The U.S. Army Corps of Engineers says the project will now likely wrap up sometime between June 8 and 10.

Some of the catalysts for the monthlong advance in seaborne freight rates stem more from worry than optimism.

NOAA is projecting between 17 and 25 named storms with winds of nearly 40 miles an hour in the Atlantic between June and November.