Sector

WSC said the number of containers lost at sea has been increasing over the past two years.

Shipping rates between Asia and North America are dropping to new lows.

Yang Ming announced the launch of its latest Far East-West Coast of Latin America (FE-WCSA, Loop code: SA8) service beginning in July.

Demand is beginning to recover and production is starting to pick up in China after the lockdown in Shanghai was lifted.

Ocean carriers hit the narrative allegedly being pushed by the US government in pushing the passage of the Ocean Shipping Reform Act.

Shipping lines have carried over its strong performance from 2021, recording a "very strong" operating profit in the first quarter of the year.

Port of LA said its cargo volumes last May were the "third best" overall month in the port's 115-year history.

The Georgia Ports Authority moved an all-time high of container units in May, breaking the previous record in October 2021.

Yang Ming will be adding another new 11,000 TEU class container vessel to its trans-Pacific service immediately.

Dry bulk freight rates are forecasted to remain stable amid a "limited supply" and steady growth in trade.

OOCL is launching a new Transpacific Latin Pacific 6 service that will provide comprehensive port coverage between North East Asia and West Coast South America.

South Carolina Ports said it achieved another record month for containers while maintaining cargo flow at the gateway.

Port of Long Beach said May was the second-busiest month on record for the port and its strongest month so far in 2022.

Shipping delays due to persisting supply chain constraints are costing shippers worldwide anywhere from US$5 billion to US$10 billion.

CMA CGM Air has secured its air carrier certificate from the French Civil Aviation.