Oil Prices Surge as OPEC Extends Production Cuts

Despite recent price surges, a group of major oil producers has agreed to extend production cuts for another month, c [..]

U.S. Port Congestion Could Last Until Summer Peak Season

Shipping experts now believe that major port and landside congestion at US west coast ports could last until the summ [..]

Port Delays Leave Cargo Ships Stranded off U.S. Pacific Gateways

This week alone, more than 40 cargo ships were lined up off the coast of Los Angeles and Long Beach in a new sign of [..]

Surging Shipping Rates Pose New Headwind for Global Economy

Even though the pandemic is raging on, shocks to supply chains are engulfing a wider swath of the global economy. It [..]

Busy Ocean Freight Market Continues With No Predicted End In Sight

The unpredictable levels of containerized cargo movement that have driven freight rates sky-high will not likely end [..]

Tanker Market Starts the Year on a Positive Note

The tanker market entered 2021 with renewed optimism, despite estimates of the opposite following 2020 data.

I [..]

Container Ships Suffer Record Delays

According to Copenhagen-based Sea-Intelligence, average global carrier schedule reliability across 34 trade lines fel [..]

IATTC Agrees to Rollover Tropical Tuna Quotas to 2021

The Inter-American Tropical Tuna Commission (IATTC) held a special session on Dec. 22 and agreed to a rollover of its [..]

Clarity is Still Lacking For Ship Owners After IMO Meeting

After an inconclusive meeting last week at the International Maritime Organization (IMO), ship owners still have to c [..]

Cost of Crew Change Skyrockets Due to Pandemic

As predicted, the ongoing COVID-19 pandemic is driving up the cost for crew changes. With airfare costs on the rise a [..]