Ocean Shipping Rates Have Plunged 60% This Year

Freight rates on the main ocean trade routes are sinking during what is typically the industry’s peak season after cargo owners shipped holiday goods early and inflation dented consumer demand. The co...

Ocean Freight Shipper Maersk Continues to Expand. The Stock Could Sail to New Highs.

A.P. Moller-Maersk A/S is expanding its ocean freight business to include road, rail, and air services. Peter Boer/Bloomberg Text size The world’s largest shipping container company, A.P. Møller-Maers...