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 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.

Overhaul tracked a 9% year-over-year increase in cargo thefts in the U.S. in 2023, and expects that number to skyrocket to 35% by the end of 2024.

The U.S. Department of Agriculture warned the border agent strike could have “significant impacts” for agriculture trade, producers and consumers. 

The EU must inform Chinese exporters whether it intends to impose tariffs by early June, and they could go into effect a month later.

The U.S. Army Corps of Engineers still expects to fully reopen Baltimore's primary shipping channel by the end of May. 

The Port of Baltimore has seen roro and container vessel traffic resume with the opening of a deep-water channel on May 14, allowing access to four alternative channels.