Cargo owners are shouldering the huge increase in transportation costs, which are pushing up consumer prices and threatening to undermine the global economic recovery, according to UNCTAD’s annual maritime and trade report.

The current supply chain crisis will come to an end at some point, and that end could be sooner and sharper than we think, writes JOC analyst Larry Gross.

The ports of Los Angeles and Long Beach have delayed by one week implementation of costly emergency fees on long-dwell containers as retailers rush to vacate those containers from the docks.

Rising inflation and interest rates could put the brakes on consumer demand and lead to a rapid slowdown in global demand for container shipping, despite carrier “hype” over lasting congestion levels, according to the Global Shippers’ Forum.