Ocean freight container shipping spot rates are set to increase further, but there are signs the recent dramatic growth may be slowing. The latest data from Xeneta, the ocean freight rate benchmarking and intelligence platform, indicates spot rates on major trades out...

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The Baltic Exchange’s main sea freight index, which tracks rates for ships ferrying dry bulk commodities, rose for the third straight week on higher rates for the panamax and supramax vessel segments. The overall index, which factors in rates for capesize, panamax and...

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Oil prices dipped slightly on Thursday in up-and-down trade, pressured by rising U.S. crude and fuel supplies and expectations of slow Federal Reserve rate cuts but supported by U.S. economic data showing an easing labor market and slowing inflation. Brent crude...

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Seanergy Maritime Holdings Corp. announced today the delivery of a previously-announced Capesize vessel acquisition, the M/V Iconship (the “Vessel”), and the simultaneous commencement of its time charter (“T/C”) employment. The Vessel is a 181,392 DWT Capesize bulk...

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The Port of Los Angeles processed 752,893 Twenty-Foot Equivalent Units (TEUs) in May. While that represents a slight 3% decline over last May, overall cargo volume remains 18% ahead of 2023 after five months. “We continue our trend of strong, consistent volume that...

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Commercial shipping traffic through the Port of Baltimore is expected to return to normal levels next month, officials said, after the channel fully reopened this week for the first time since the collapse of the Francis Scott Key Bridge in March. “I’ve been waiting...

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