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Updates on Iran War’s Impact on International Shipping

Ocean freight rates have been elevated since the start of the Iran War. However, as we’ve covered in Universal Cargo’s blog, international shipping’s capacity is not stretched [...]

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Update on Hormuz Strait Shipping

Last week, we blogged on the opening of the Hormuz Strait, but with the two-week ceasefire between the U.S. and Iran feeling tenuous and Iran warning of possible mines in the water and [...]

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No Fast-Track Fees: FMC Rejects Carrier Requests for Immediate War Surcharges

Yesterday (Monday, March 24th), the Federal Maritime Commission (FMC) said no to carriers requesting waiver of the 30-day notice period before hitting shippers with fees related to the Iran War. [...]

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Freight Rates Up, But for How Long?

Barely more than a week ago, Universal Cargo’s blog post was about falling freight rates. Freight rates had seen 16 consecutive weeks of decline and were at their lowest since January of [...]

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The Danger of Peak Season Freight Surcharges: What You Need to Know

 This is a guest post by Charlotte Sanders. Peak season freight surcharges have become a major issue for firms in the logistics and supply chain management industry as they navigate the year's [...]

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Houthi Attack on Ship Kills 3 – Ocean Shipping Balanced “at Maximum Capacity” and Vulnerable

The situation in the Gulf of Aden and Red Sea, forcing ocean freight carriers to route ships away from the Suez Canal, got worse yesterday (Wednesday, March 6th). Antisemitic, Iran-backed Houthi [...]

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As Carriers Squeeze Shippers, FMC to Hold Hearing on Red Sea-Related Surcharges

Many shippers feel like ocean freight carriers are unfairly taking advantage of recent global events for financial gain. In particular, many believe the Red Sea-related surcharges carriers are [...]

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Carrier Alliance Reshuffle Moves Are Happening

Big changes are happening in the international shipping landscape, or waterscape (?), as the 2M, Ocean, and THE carrier alliances are reshuffling. These three carrier alliances, tying all of [...]

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Escalations in Red Sea, More Diversions, More Ships, More Freight Rate Pressure

Missile Strikes U.S. Cargo Ship A CBS News video reports that the Iran-backed Houthi rebels, who have been attacking ships in the Red Sea, hit the U.S. cargo ship Gibraltar Eagle with a missile [...]

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2024 Expert Freight Rate Outlook in Wake of Red Sea Attacks & Rate Spikes

What should shippers expect when it comes to freight rates in 2024? Predicting trends is never an easy thing, as international shipping's freight rates have always been highly volatile. Shippers [...]

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Good News for Shippers in Wake of Red Sea Attacks & High Freight Rates

Anti-Israel, Iranian-backed Houthi rebel attacks on container ships in the Red Sea. Freight rates spiking. Cargo delays. That's what has dominated international shipping news over the last few [...]