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News
Groundbreaking for $669M East Coast container terminal
3+ day, 17+ hour ago (605+ words) Construction is underway on Delaware’s largest-ever maritime infrastructure project, a $669 million container terminal that state officials say will quadruple the state’s cargo-handling capacity and create thousands of high-paying jobs, even as rival port operators mount new legal challenges to stop…...
White Paper: Q3 2026 Shipper Rate Report
4+ day, 17+ hour ago (125+ words) The Shipper Rate Report — presented in partnership with Trimble — is a quarterly publication using SONAR datasets to create the most in-depth rate and demand outlook for shippers. The insights within this paper are curated by the market experts at FreightWaves…...
Fuel, congestion push trans-Pacific ocean rates near $9,500
5+ day, 20+ hour ago (386+ words) The Iran war is pushing bunker fuel prices back toward mid-year levels, setting a higher cost floor for container shipping even as trans-Pacific spot rates show early signs of cooling from peak-season highs. Climbing fuel costs are likely setting an…...
New data shows on-time container shipping suffers biggest drop in 5 years
1+ week, 3+ day ago (307+ words) Severe weather disturbances in Asia hit global container shipping’s on-time performance in July. Global container vessel schedule reliability dropped to 56.4% in July 2026, a decline of 6.1% from June, according to a new report from Sea Intelligence. It’s the sharpest single‑month…...
Trans-Pacific spot rates reach new highs on resilient demand, port congestion
1+ week, 4+ day ago (511+ words) Trans-Pacific container freight rates rose to new highs last week, supported by peak-season demand that has remained unexpectedly firm despite beginning earlier than usual in May. Persistent congestion at major Asian ports, following a series of typhoons, is also tightening…...
Out of its depth: Why 52 feet could equal millions of dollars for this U.S. port
1+ week, 6+ day ago (289+ words) Southeast hub in pact to study terminal deepening South Carolina Ports and the U.S. Army Corps of Engineers have signed a feasibility study agreement toward investigating deepening of the North Charleston Terminal. NCT is currently maintained at 48 feet. The Port of…...
Port of Los Angeles locks in ONE terminal for 30 more years
2+ week, 2+ day ago (409+ words) Yusen Terminals will continue operating its marine terminal at the Port of Los Angeles through 2056 under a 30-year lease approved this week by the Los Angeles Board of Harbor Commissioners. The agreement also calls for Yusen, a unit of Singapore-based…...
China gains as geopolitics redraws new global container port rankings
2+ week, 2+ day ago (746+ words) The global container-port hierarchy shifted sharply in the first half of 2026, with Ningbo-Zhoushan overtaking Singapore for second place and Port Klang, Malaysia entering the top 10. The biggest reversal occurred in the Middle East, where Dubai’s Jebel Ali fell from 10th to…...
Ocean rate concerns as orders for new container ships near 40% of global fleet
2+ week, 4+ day ago (475+ words) The orderbook is heavily skewed toward large mainline vessels rather than feeders and smaller regional ships. Global Ship Lease of Athens, using Maritime Strategies International data as of June 30, estimated the orderbook-to-fleet ratio at 39.1% of the overall operating fleet, with…...
New return: Another container line is back in the Red Sea
2+ week, 5+ day ago (383+ words) While unfounded fears of higher tariffs helped drive what amounted to unexpected demand by anxious shippers this summer, other assorted geopolitical intrigue is keeping the container market on edge. Asia-U.S. West Coast prices increased 1% to $6,826 per forty foot equivalent unit…...