Container shipping at the crossroads: The big unwind or party on?
Is faltering consumer demand curbing imports, allowing port congestion to finally ease, releasing container-ship capacity and causing ocean spot rates to sink? Is this the beginning of “the big unwind”?
Congress votes to suspend trade ties with Russia, ban oil imports
U.S. legislators voted Thursday to suspend normal trade relations with Russia and ban oil imports from the country amid the ongoing war in Ukraine.
East Coast container ship queue overshadows West Coast logjam
Ocean carriers looking to avoid logjams at the U.S.’s busiest container gateways on the West Coast are now facing even longer queues out east.