Crude Oil Prices Settle Higher, Notching a 2 1/2-Year High

Oil priced settled quite higher than usual on Thursday, with Brent crude extending its rise to the highest price sinc [..]

West Coast Ports Continue to Set Records

Ports up and down the west coast are continuing to set cargo records following the COVID-19 pandemic and months of co [..]

Shippers Compete for Space as Container Freight Rates Continue Rise

Just this week, shippers from Asia to Europe saw a further spike in container spot rates, especially for Mediterranea [..]

Port of Oakland Reports Busiest Quarter on Record

According to recent data, The Port of Oakland has seen record levels in the first quarter of 2021 as recent trade sur [..]

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 [..]