An ocean container capacity crunch has hit global trade just as peak shipping season starts, with freight spot rates up some 30% over the past few weeks and heading higher. Bad weather, longer ocean ...

The container shipping market has become used to cyclicality over the decades, and it experienced an unprecedented peak in 2021 and 2022 with record rates and profits for liners. But with consumers ...

Last weeks, the world's oceans got that little bit more crowded when shipping line MSC put its newest container ship into service for the first time. The record-breaking MSC Irina became the largest ...

The world's largest capacity container ship has set off on its maiden voyage. Measuring 400 m (1,312 ft) in length and 58.6 m (192 ft) wide – or the size of four soccer fields for those more familiar ...

Mediterranean Shipping Co. will buy five giant container ships from South Korean yard Daewoo Shipbuilding & Marine Engineering Co. for $762 million in a new sign that ocean cargo carriers are building ...

While drama in the container shipping sector has calmed a bit, container carriers still wrestle with unexpected drops in demand. Peter Sand, Xeneta, discusses vessel capacity moves and their likely ...

A total of 302 of 2,693 containership sailings, or 11%, have been canceled in May on all the main line trades, according to the latest data from maritime intelligence company eeSea, revealing the ...

Tugboats, dredgers and excavators have finally made some progress in their efforts to free a huge container ship stuck in the Suez Canal for nearly a week. After a tough weekend, engineers managed to ...

The shipping industry has witnessed tremendous growth in the international, global carriage of goods by container vessels. Container ships have been ever increasing in size, and capacity. There are ...

In recent years, market analysts have considerably widened the parameters they track to assess growth in countries, regions, and globally as far as container shipping goes. One often-overlooked ...

A perfect storm in global trade is creating a shipping container capacity crunch, fueling a sudden and surprise spike in ocean freight rates. The beginning of peak shipping season, coupled with the ...