Despite Red Sea crisis inflation shock, ocean freight rates are headed down on key China-U.S. trade route

A slowdown in demand for products manufactured in Asia has ocean carriers reducing freight rates on shipping routes from China to the West Coast and canceling sailin...

COSCO and Fratelli Cosulich JV buys Italian logistics firm Trasgo

COSCOS, the joint venture between China’s COSCO Shipping and Italy’s Fratelli Cosulich, has acquired the entire capital of the Novara-based trucking and...

MSC container ship attacked in Red Sea, owner confirms

MSC Mediterranean Shipping Company has confirmed that one of its container ships was attacked on Tuesday while transiting the southern Red Sea. A statement from t...