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The container shipping industry, after two years of record-high freight rates and slow deliveries, is seeing its boom become a bust due to oversupply following the COVID-19 demand highs.

2022 saw an eastern shift in container shipping within the United States, while airfreight volumes dipped across North America.

Delaware officials have given the green light to Enstructure LLC to become the new operator of the Port of Wilmington, replacing GT USA Wilmington LLC.

Maritime nations agreed July 7 to slash emissions from the shipping industry to net zero by about 2050 in a deal that several experts and nations say falls short of what’s needed.

YOKOHAMA, Japan — An American push to establish “green shipping corridors” is key to reducing carbon emissions from the shipping industry, Transportation Secretary Pete Buttigieg said.

An influential shipping industry group has quietly warned shippers to think carefully before they sign up for a new plan to reduce their contribution to climate change.

U.S. Rep. John Garamendi (D-Calif.) on April 24 introduced the Ocean Shipping Competition Enforcement Act, legislation he says will help the Federal Maritime Commission.

Shipping giant A.P. Moeller-Maersk said in an email to The Associated Press that it filed a claim against Evergreen Marine Corp., the vessel’s Japanese owner and its German technical manager in the Danish Maritime and Commercial High Court.

A.P. Moller-Maersk A/S CEO Soren Skou will step down and will be replaced by Vincent Clerc, the current head of the transport giant’s ocean and logistics business.

ORLANDO, Fla. — With an influx of funds expected to exceed $25 billion for rebuilding and expansion, the nation’s coastal and inland facilities are beginning a “golden age,” port leaders say.