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Global shipping

New vessels expected to lead to lower ocean shipping rates

by Sabri Ben-Achour
Aug 12, 2024
Rates have come down slightly in the last few weeks,
Cargo ships often take two and a half years to build.
Justin Sullivan/Getty Images
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Baltimore Bridge Collapse

Maryland legislators hope to help port workers and others affected by the bridge collapse

by Nancy Marshall-Genzer
Apr 1, 2024
More than 15,000 people work directly at the port, and more than 140,000 additional jobs are connected to it.
With the port's main shipping channel closed, small business owners as well as restaurant and hotel staff working near the port could soon find themselves out of work.
Scott Olson/Getty Images
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Baltimore Bridge Collapse

Baltimore's port closure could upend jobs and supply chains for months

by Scott Maucione
Mar 29, 2024
Baltimore's port could be closed for months, keeping people out of work and leaving freighters looking for places to route their loads.
Above, the Seagirt Marine Terminal at the Port of Baltimore in September 2018. Baltimore’s port supports more than 150,000 jobs — 15,000 of them through direct employment.
Brendan Smialowski/AFP via Getty Images
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A Warmer World

Historic drought at the Panama Canal threatens global shipping

by Michelle Fleury
Mar 6, 2024
Many fewer vessels now traverse the canal daily. The water deficit is a global phenomenon that has been linked to climate change.
Water levels at the Panama Canal are among the lowest on record.
Courtesy Panama Canal Authority
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As war and drought throttle supply chains, importers reopen pandemic playbooks

by Justin Ho
Jan 29, 2024
Firms that import goods are returning to pandemic-era strategies to brace their businesses against delays and higher shipping costs.
Because of ongoing delays, some importers are stocking up on goods and passing along price hikes.
Justin Sullivan/Getty Images
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Israel-Hamas War

Shipping rates rise as Red Sea attacks continue

by Samantha Fields
Jan 17, 2024
The attacks on ships by Houthi rebels are forcing expensive detours and more costly insurance for ships.
Roughly a third of global shipping usually passes through the Suez Canal and the Red Sea.
Sayed Hassan/Getty Images
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Outlook cools for global shipping demand

by Stephanie Hughes
Nov 2, 2022
Softening demand and high inventories are to blame.
Shipping company Maersk expects demand for shipping containers to dip between 2% and 4% this year.
John Thys/AFP via Getty Images
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These small businesses still feel supply chain pressures, even if data says they're easing

by Justin Ho
Jul 19, 2022
Shipping costs, wait times and sourcing materials are still a big problem for business owners in South Carolina and Calif.
Some businesses have had to adjust shipping strategies — like opting to ship by rail — to circumvent delays at ports.
Mario Tama/Getty Images
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Temporarily Unavailable

This manufacturer sees little improvement in snarled global supply chains

by Kai Ryssdal and Maria Hollenhorst
Apr 26, 2022
“It’s the kind of stuff that keeps you awake at night,” said Teresa Asbury, a senior executive at the Legacy Cos.
Pandemic lockdowns in China are stacking more challenges onto overloaded shipping networks.
Sameer Al-Doumy/AFP via Getty Images
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