The owner of the Ever Given — the cargo ship that blocked the Suez Canal for almost a week, hampering global trade and roiling markets — expects to be hit with “many hundreds or thousands” of legal claims.
President Biden’s targeting of shipping lines in a crackdown on uncompetitive industries should be welcome news to American companies paying record-high rates for ocean freight, a market that a growing number of importers complain is dominated by just a few big players.
The pandemic has worsened conditions for the roughly 2 billion cows, sheep, goats, pigs and chickens that are exported each year, and epidemiologists have joined the calls for reform.
Ship congestion outside the busiest U.S. gateway for trade held steady over the past week, as ports from China to Germany battle with COVID-19 outbreaks and other constraints on their capacity to keep containers moving across the global economy.
Egyptian officials and owners of the giant Ever Given vessel that blocked the Suez Canal earlier this year have reached a preliminary deal over compensation, according to the ship’s representatives.
DHL Global Forwarding, the air and ocean freight specialist of Deutsche Post DHL Group, has introduced a Sustainable Marine Fuel service for Full-Container Load ocean freight shipments.
The global shipping industry, already exhausted by pandemic shocks that are adding to inflation pressures and delivery delays, faces the biggest test of its stamina yet.
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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