Insights and Stories on Shipping Costs

Trump trade threats compound global ocean shipping uncertainty

Mar. 3, 2025 at 10:47 am CST

The global ocean shipping industry that handles 80 per cent of world trade is navigating a sea of unknowns as U.S. President Donald Trump stokes trade and geopolitical tensions with historical foes as well as neighbors and allies.

US East Coast dockworkers strike, halting half the nation’s ocean shipping

Oct. 1, 2024 at 9:23 am CDT

By David Shepardson Doyinsola Oladipo Reuters

Global shipping costs could ease as congestion improves: FCC economist

Jul. 29, 2024 at 2:20 pm CDT

By Geralyn Wichers

More grain ships divert from Red Sea as attacks continue

Feb. 2, 2024 at 9:49 am CST

By Reuters

CBOT weekly outlook: USDA estimates, weather pulling prices down

Jan. 17, 2024 at 3:22 pm CST

By Adam Peleshaty - MarketsFarm

Bulk ocean freight rates fall from highs despite uncertainty

Jan. 17, 2024 at 8:36 am CST

The Baltic Dry Index (BDI), a major indicator of bulk shipping rates, has dropped sharply over the past month after hitting 18-month highs in early December. Meanwhile, container rates have climbed higher over the same period as attacks by Houthi militants in the Red Sea have caused many shipping companies to divert their vessels.

By Phil Franz-Warkentin

Houthi attack on dry bulk ship to boost grain diversions

Jan. 16, 2024 at 10:18 am CST

An attack on a dry bulk carrier this week in the Red Sea region is set to lead to more diversions of grain cargoes around the Cape of Good Hope but most are still willing to risk using the Suez Canal for now, shipping sources said on Tuesday.

By Reuters

Railways blast past revenue cap

Dec. 22, 2023 at 3:28 pm CST

Canada's two big railways will have a $7.1 million Christmas present for the Western Grains Research Foundations following a ruling they exceeded their revenue caps in 2022-23.

By Geralyn Wichers

Panama Canal drought to delay grain ships well into 2024

Dec. 11, 2023 at 9:18 am CST

Bulk grain shippers hauling crops from the U.S. Gulf Coast export hub to Asia are sailing longer routes and paying higher freight costs to avoid vessel congestion and record-high transit fees in the drought-hit Panama Canal, traders and analysts said.

By Karl Plume Reuters