Initiatives by the Panama Canal to Combat Water Scarcity
Ricaurte Vásquez Morales, the Administrator of the Panama Canal, recently discussed with CNBC's Lori Ann LaRocco the impact of drought on the Panama Canal and its implications for shippers.
Customers and shippers of UPS are urged to switch to FedEx to avoid potential summer delays
FedEx penned a company message to customers and shippers, warning them that there is a potential UPS employee strike underway.
Stagnant container ships are betting on China’s economic recovery
China is a major player in global trade and a significant portion of the world's goods are manufactured there.
Carriers forced to reduce ocean container rates with cooling demand
After historically high freight rates in the maritime shipping industry clouded the sector while consumers panic-bought everything from furniture to toilet paper during the pandemic years - the rates have finally cooled off.