The terms "port" and "seaport" are used for different types of port facilities that handle ocean-going vessels. Global trade is largely dependent on maritime transportation into these destinations. There are major ports in six of the seven continents, from Port Said in Egypt to Australia’s Port of Melbourne, to the Port of Santos in Brazil. Asia is home to many of the world’s busiest seaports; the Port of Shanghai is the largest in the world in both cargo tonnage and activity, followed by the Ports of Singapore and Hong Kong.
How New U.S. Tariffs Are Reshaping Supply Chain Strategies
With the U.S. imposing new tariffs on key trade partners, including a 20% tariff on Chinese imports and increased duties… Read More
How Ecommerce Retailers Can Mitigate Shipping Delays and Disruptions
Shipping delays and disruptions are the silent killers of ecommerce success. Even though 90% of total fulfillment costs go into… Read More
Trump Administration Approves First LNG Export License After Biden’s Freeze
The Trump administration has granted its first liquefied natural gas (LNG) export license since lifting the Biden-era pause, approving shipments… Read More
High U.S. Container Imports Continue Amid Tariff Strategies
Imports are anticipated to remain high at major U.S. container ports as shippers attempt to pre-empt levies on China and… Read More
Maersk Exceeds Q4 Profit Forecasts Amidst Global Trade Uncertainty
In a recent announcement, Danish shipping giant Maersk reported a fourth-quarter profit that surpassed market expectations, despite ongoing global trade… Read More
Statement from American Association of Port Authorities (AAPA) on Potential New Tariffs
The American Association of Port Authorities (AAPA) today released the following statement in anticipation of new tariffs from the Trump… Read More
Freight Foresight: Ceasefire and Seasonal Slowdown Drive Ocean Rates Down
Ocean container shipping rates are expected to decline further in February, driven by a Middle East ceasefire and the typical… Read More
U.S. Port Traffic Surges as Container Imports Hit 15-Month Growth Streak
The nation’s ten largest ports saw a 14.2% year-over-year increase in inbound container volumes in December, marking the fifteenth consecutive… Read More
Red Sea Crisis and Global Trends Drive Up Ship Maintenance Costs
The maritime industry is grappling with rising costs for vessel stores and spares as geopolitical tensions in the Red Sea… Read More
Container Spot Rates Plunge as Suez Reopening and Lunar New Year Drive Market Volatility
Container spot freight rates experienced sharp declines this week, driven by a combination of Lunar New Year celebrations in China… Read More
Trump Targets Houthis with Terrorist Designation Amid Ongoing Red Sea Shipping Crisis
President Donald Trump has signed an executive order to begin the process of designating Yemen’s Ansar Allah, commonly known as… Read More
Intermodal Market Experiences Robust Growth in Early 2025
The intermodal market continues its impressive peak into the early months of 2025, defying typical seasonal trends with a notable… Read More
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