You’ve undoubtedly heard the saying, “what goes up must come down.” Such is the case across the board, and it also seems to be coming true for the shipping industry. Amid record revenue returns, Søren Skou, CEO of global shipping firm Maersk warns that the future may...
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The shipping industry has weathered numerous storms over the past few years, primarily due to the effects (and aftereffects) of the COVID-19 global pandemic. Now, as we look...
First it was the backup off the coast of California, when shipping containers sat at port for up to eight days. Now the backup has shifted to the East Coast, causing port...
With a current inflation rate of 9.1%, it’s hard to believe anything could be going down in price. However, that’s exactly what’s happening with freight rates. One large...
Just when we thought the worst was behind us and the world was getting back to something resembling normal, chaos has returned. Shipping delays are currently being reported...
Although its official name is the Ocean Shipping Reform Act of 2021 (OSRA), due to the fact it was introduced in August 2021, it’s making headlines again. That’s because it...