Markets hate uncertainty, and right now there’s plenty to go around. The outbreak of the U.S.-Iran conflict, following by ...

With 158 vessels carrying approximately $105 billion in ocean freight being diverted away from the Red Sea amid the risk of continuing Houthis' attacks, cargo prices are soaring. Just when Covid ...

Ben Ames has spent 30 years as a journalist since starting out as a reporter for daily newspapers in Pennsylvania and Massachusetts. He has focused on business and technology reporting since 1999 for ...

The spread between spot ocean freight rates and the long-term contract market is at its highest since September 2021, equal to $2,500. Ocean spot freight rates have tumbled for a sixth-consecutive ...

Bahri, the national shipping carrier of the world’s top crude exporter, Saudi Arabia, has provisionally chartered at least five supertankers to ship oil to Asia amid soaring tanker rates not seen in ...

Zim is contending with multiple challenges including weak freight rates, an influx of new ships that increase competition, and long-term leases of older ships which were booked at high rates during ...

By Florence Tan and Emily Chow SINGAPORE, March 3 (Reuters) - Supertanker costs in the Middle East have hit all-time highs, according to shipping data and industry sources on Tuesday, as the U.S.-Iran ...

Shutdown traps tankers, forces costly detours around Cape of Good Hope as carriers abandon Red Sea, Suez Canal amid surging ...

Since peaking during the pandemic, the transportation industry has faced a protracted slump. An index that tracks global container rates has plunged 75% from a year ago. The downturn has also affected ...