Sheel Bhattacharjee, head of European freight pricing at Argus Media, discusses the Iran conflict's impact on shipping costs ...

The current war in the Middle East has resulted in a sharp jump in spot freight rates in the key tanker segment. Indian shipping companies are also expected to benefit from higher spot tanker freight ...

The cost of hauling crude oil from the Middle East to China rose more than 94% to hit a record high of $423,736 per day on ...

[Stay on top of transportation news: Get TTNews in your inbox.] A China-U.S. deal to slash trade tariffs is set to push freight rates higher, as companies rush to use a 90-day grace period to ferry ...

An ocean container capacity crunch has hit global trade just as peak shipping season starts, with freight spot rates up some 30% over the past few weeks and heading higher. Bad weather, longer ocean ...

Ships are rerouting, air cargo is tightening, and companies are adding new war risk surcharges as the Middle East conflict disrupts supply chains.

By Florence Tan and Emily Chow SINGAPORE, March 3 (Reuters) - Supertanker costs in the Middle East have hit all-time highs, according to shipping data and industry sources on Tuesday, as the U.S.-Iran ...

This week, global trade policy saw several notable developments suggesting a turning point in how major economies manage supply chains, resource dependencies, and trade imbalances. The EU’s push to ...

Seafood importers and exporters in China have expressed wariness of higher freight rates prompted by recent conflict in the Middle East. Didier Boon, the head of Beijing, China-based East China Seas, ...

The year 2022 has been a story of fast-changing fortunes. Only a few months ago, freight rates were at record highs and as much as 50% higher than they were in 2021. However, in July 2022, the ...

A perfect storm in global trade is creating a shipping container capacity crunch, fueling a sudden and surprise spike in ocean freight rates. The beginning of peak shipping season, coupled with the ...