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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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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 [...]