BlackRock’s $23-billion deal to strengthen US control over Panama Canal Ports, global trade sees rising American presence in other strategic assets
BlackRock-led consortium acquires Panama ports, potentially extending US control over strategic assets on key trade routes.
Trump trade threats compound global ocean shipping uncertainty
The global ocean shipping industry that handles 80% of world trade is navigating a sea of uncertainty as U.S. President ...
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DA, BOC seize P202-M imported frozen fish
THE Department of Agriculture (DA) and the Bureau of Customs (BOC) on Monday seized P202 million worth of frozen fish at Manila South Harbor. The agencies conducted a spot check on two 40-foot ...
As Ocean Freight Rates Take the Plunge, MSC Tinkers its East-West Network
Container prices on Asia-to-North America have largely subsided since the winter, when shippers made a mad dash to front-load ...
BusinessMirror2d
Shipping profit boom evaporates on US tariffs, Red Sea reopening
Global shippers from AP Moller-Maersk A/S to Cosco Shipping Holdings Co., which logged windfall earnings last year, may see a reversal of fortunes in 2025 as a potential reopening of the Red Sea route ...
Oakland turns to shipping containers to tackle long-standing encampment issues
The project aims to resolve a years-long encampment problem that has plagued the area, despite numerous attempts to clear the ...
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Ocean container rates fall 30% in February to both coasts
Spot ocean container rates fell 6% this week on average across all trade routes, and have now fallen 21% in the past three ...
The good times are over for the world's largest ocean carriers as pricing power plummets
The world’s ocean carriers, which transport global trade on giant container ships, are under pricing pressure to start 2025.