freight

Supertanker shortage makes long-haul oil trades uneconomical

A severe shortage of the world's largest oil tankers is driving freight costs to levels that shipbrokers say they have never seen, making some long-distance crude trades uneconomical and threatening to reshape global oil flows at a time when fuel…

Shipping ETF gains 3,600% in 2026 as Iran war chokes Hormuz traffic

The Breakwave Tanker Shipping ETF has emerged as the best-performing non-leveraged U.S. fund of 2026, gaining roughly 3,600% year-to-date through September 11, according to CNBC, as the war between the United States, Israel, and Iran has choked off traffic through…

Maersk extends booking suspensions across Gulf as Hormuz crisis deepens

A.P. Moller-Maersk A.P. Møller - Mærsk A/S continues to levy emergency freight charges on Middle East-bound cargo as the Strait of Hormuz crisis enters its seventh month, with the shipping giant's latest operational update confirming surcharges of $1,800 per 20-foot…

China Southern orders $3.6B in Boeing freighters

Boeing The Boeing Company secured an order for seven freighter aircraft from China Southern Air Logistics Company Limited, the cargo subsidiary of China Southern Airlines, in a deal valued at approximately $3.62 billion at list prices, according to a company…