Container spot freight rates on the transpacific and Asia-Europe trades saw a massive jump this week, as a series of 1 June general rate increases (GRIs) took effect and held for the remainder of the week.

The U.S. trade deficit narrowed sharply in April, with imports decreasing by the most on record as the front-running of goods ahead of tariffs ebbed, which could provide a lift to economic growth this quarter.

Container shipping rates continued their climb this week, fueled by the temporary tariff pause between the U.S. and China, but there are signs that demand underpinning the surge is moderating, financial analysts and maritime consultants said.

The U.S. Department of Justice has filed criminal charges against former ship captain John Merrone for allegedly drugging and sexually assaulting a U.S. Merchant Marine Academy cadet aboard the American-flagged...

Red Sea marine traffic has increased by 60% to 36-37 ships a day since August 2024, but is still short of volumes seen before Yemen's Houthis began attacking ships in the region, according to the commander of the EU's Aspides naval mission.

Global container shipping rates have seen a dramatic upturn, with Drewry’s World Container Index climbing 41% this week to reach $3,527 per 40ft container. This increase stems from President Trump’s...

Iran is shipping less oil to China, as toughening sanctions snarl the OPEC producer’s shipments and refinery demand falls in the world’s biggest fossil fuel importer.

Ocean-based sectors have emerged as a cornerstone of global trade, reaching a significant milestone of $2.2 trillion in 2023, accounting for 7% of world trade. A new Global Trade Update...

The Port of Corpus Christi has marked a significant milestone with the completion of its Channel Improvement Project (CIP), deepening the ship channel serving the nation’s busiest oil export port....

A new report from international classification society ABS and Herbert Engineering explores an innovative solution to the growing energy demands of artificial intelligence (AI) data centers: floating nuclear-powered facilities utilizing...

Solvang ASA and BlackRock’s Global Infrastructure Partners (GIP) have announced the formation of a 50:50 joint venture called Solvang Gas Carriers. The new venture will initially take ownership of Solvang’s...

Panama's Maritime Authority has removed from its registry more than 650 vessels since 2019 as part of an effort to fulfill U.S. sanctions and enforce stricter rules for the ships it flags, it said on Monday.