The US Department of Justice has indicted four of the world’s largest shipping container manufacturers and seven executives for running what has been described as a cartel that roughly doubled the price of standard dry containers over four years and drove profits at one of the companies up nearly one hundredfold during the covid pandemic.

The Asian Infrastructure Investment Bank (AIIB) will lend $300m to International Container Terminal Services Inc. (ICTSI) to support the expansion and upgrade of three container terminals in the Philippines.

Soft ocean market hits volumes and earnings.

New US sanctions on Cuba see container lines suspending services to avoid non-compliance.

The Chinese carrier is rolling out new direct services to the US West Coast.

The expansion project will see the quay extended to 1,200 metres in a project expected to complete by 2030.

Eight months after being nominated by the White House to fill a vacancy on the Federal Maritime Commission, Robert Harvey, a lawyer by background and colleague of new Chairman Laura DiBella, was confirmed by the U.S. Senate on Monday. It fills the vacancy on the FMC since the June 30, 2025, departure of former chairman Louis Sola and commissioner Carl Bentzel.

Drone attacks mounted on Gulf states by Iran (or by Iranian proxies) appear to be part of the messaging taking place between Iran and its Gulf adversaries, as negotiations in a more diplomatic format take place separately between Iran and the United States in Islamabad.

The Justice Department has secured an indictment for four of the largest shipping-container manufacturers and seven of their top executives for allegedly conspiring to drive up the price of standard containers - a critical commodity for shipping, used for the transport of materials and finished goods of virtually every kind.