Ocean carriers adjust to the partial port closing in Ningbo, China, with minimal disruption so far. Operations could soon return to full speed if COVID remains at bay.
Queue of container ships off U.S. ports keeps building, with months’ worth of peak-season cargo still to unload.
The Freightos Baltic Index (FBX) is the world’s leading—and most accurate—index of market rates for 40′ containers.
Canadian Tire is acquiring a 25% stake in Ashcroft Terminal in a deal that will allow the retailer to move containers from the Port of Vancouver more efficiently, while securing rail capacity.
Plaquemines Port announced it has found the site for its state-of-the-art container terminal that will be able to handle vessels carrying up to 22,000 TEUs.
Port Houston’s biggest international trade partners were China, Mexico and Brazil during the first half of the year.
Bipartisan bill in Congress makes reforms to U.S. shipping regulations for the first time since 1998.
Maersk results offer more evidence that capacity constraints and U.S. — not worldwide — demand drive rates.
A U.S. manufacturer defends its complaint filed against container ship giant MSC with the Federal Maritime Commission despite the carrier’s denial of contract violations.
“Be careful what you wish for,” warns industry expert Lars Jensen of proposals to rein in container shipping’s boom.
Los Angeles’ port boss speaks to American Shipper about congestion challenges — and potential release valves.
Container giant earned $5.1 billion in the second quarter and expects earnings of $18 billion-$19.5 billion for the year.
U.S. inventory-to-sales ratio still historically low as key import source — China — faces growing delta variant risk.
The Freightos Baltic Index (FBX) is the world’s leading—and most accurate—index of market rates for 40′ containers.
An American company has accused foreign ocean carriers of abusing the container market to pad their profits.
Almost no container ships were stuck at anchor when 2020 peak season began. This peak season, terminals are pre-clogged.
We have a new winner in the ocean shipping game of “How High Can Rates Go?” — about 15 times higher than before the COVID crisis.
Disparities between container index prices wider than ever after big course correction by Freightos.
The scramble for container capacity is growing even more intense
U.S. shippers this holiday season will need more than Rudolph’s red nose to guide them through the whiteout of congestion.
Despite all-time-high container production, demand continues to outpace supply and new box prices keep rising.
JAXPORT saw a 15% increase in container volume and a 20% growth in vehicle volumes for the first three quarters of its 2021 fiscal year, the Florida port said Monday.
Shanghai, the largest container port in the world, has stopped operations because of a big storm.
The chairman of the Federal Maritime Commission defends the lack of fines levied in 2020 while requesting a funding boost for 2022.
Kuehne + Nagel is one of the largest third-party logistics providers in the world and it got larger in the second quarter.
The numbers are in on shipping executive pay – and they’re big
Despite epic container rates and hefty dry bulk profits, stocks fell by double digits over the past three weeks.
The container crisis continues and Steve Ferreira looks for relief.
Industrial chemicals, petroleum coke and dry bulk led the way in June
The Freightos Baltic Index (FBX) is the world’s leading—and most accurate—index of market rates for 40′ containers.
Container ships in the congestion-plagued trans-Pacific trade have stepped on the gas, with some vessels now topping 20 knots.
Total June container volume was 292,627 TEUs, a 39% increase compared to the same month in 2020.
Wave of cargo delayed by COVID outbreak in Yantian, China, is starting to hit California’s already strained terminals.
The Federal Maritime Commission has partnered with the DOJ to pursue competition violations.
An in-depth look at CEO compensation in container shipping, bulk shipping and the cruise industry
More than 3 months after getting stuck in Suez Canal, container ship, cargo and crew are moving again
The Upside Down is a parallel universe inhabited by the Demogorgon in the Netflix series “Stranger Things.” In the real world, shippers that don’t want to get eaten by ocean carriers are fleeing to air cargo.
New disclosures by lines point to massive ocean-carrier profits in the second quarter.
Biden’s executive order calls on the Justice Department to help regulators monitor pricing practices and anticompetition in the container shipping and rail sectors.
McCarthy Construction Cos. has been awarded three projects to help handle growing cargo volumes on the Texas Gulf Coast.
More box ships, bulkers and tankers are changing hands than ever before — good news for ship values and stocks.
Ocean carriers could make up for two decades’ worth of losses in a single year as demand overwhelms vessel supply.
California offshore traffic jam, Ever Given, Yantian closure, skyrocketing rates and volumes … what’s next for container shipping?
Experts say disruption to the supply chain caused by the coronavirus crisis has been challenging for manufacturers of all sizes, particularly smaller companies.
The Louisiana International Terminal will be capable of handling 2 million twenty-foot equivalent units annually.
More problems loom for importers of Asian containerized goods and tanker slump could last even longer.
May’s container movements at the Jacksonville port beat the previous record set in October 2019.
1986: Liberia fights to remain a leading flag of convenience as competition increases.
A year and a half after COVID emerged in Wuhan, China’s exporters, liners, shipyards and container factories are all booming.
A potential strike by Canada Border Services Agency officers threatens to disrupt the country’s supply chains. The Port of Vancouver could feel the most pain.
There has never been a better time to own container ships and lease them to liners. But some owners are selling ships and cashing out.
“The demand is still here, the demand is growing, ships are getting bigger,” says Port Houston Executive Director Roger Guenther.
Americans are spending more on services. Contrary to predictions, this has yet to curb demand for containerized goods.
Spot pricing has surged even higher, propelled by carrier rate hikes and China congestion fallout.
Container Ship Fleet Size by Nationality of Operation
Former chief mate of MSC Gayane gets seven years behind bars for lead role in massive 2019 smuggling operation.
Decision to secure dedicated vessel highlights unprecedented strength of container shipping and risks faced by importers.
Container spot rates spiked again, with new records set. For importers, the worst is yet to come.
Rising fuel costs are yet another woe for containerized cargo shippers, while widening spreads should benefit ships with scrubbers.
Consolidation in the liner sector is already extreme. Newbuild orders will further concentrate market power in fewer hands.
Congestion is cutting liner capacity just as freight rates are at all-time highs, incentivizing carriers to buy or charter more ships.
Environmental regs could extend future dry bulk and tanker upside, while consolidation could change curve of container-shipping cycle.
Retailers at increasing risk of not getting goods from Asia on shelves as ocean transport system hits limit.
Freight forwarder will pay “absolute historic high” to secure container ship as “people are panicking” amid “out of control” market.
Out of an abundance of caution, carriers like Maersk extended the suspension of vessels into the ports from May 31-June 6.
Ships at anchor are unlikely to clear by peak season. Congestion is forcing wide-scale voyage cancellations.
The containers that U.S. shippers need are all built in China, where factories could set a new production record this year.
How bad is it? A Vietnam-New York slot was just offered at $19,000 per FEU, reveals Flexport’s Nerijus Poskus.
Shippers call on lawmakers to expand government oversight of contracts between ocean carriers and their customers.
ZIM is the liner most exposed to upside from America’s import binge. It’s taking full advantage of the situation.
Dan Kopp, CEO of freight brokerage ITG Transportation Services, joins Trey Griggs, VP of sales at Lean Solutions Group, to discuss the ocean shipping environment at FreightWaves LIVE @HOME.
Container activity was 275,840 TEUs at the port in April, an increase of 25% year-over-year for the month of April.
With the retail inventory-to-sales ratio still falling, U.S. importers are urged to move fast on their holiday import plans.
The Freightos Baltic Index (FBX) is the world’s leading—and most accurate—index of market rates for 40′ containers.
Container rates are in uncharted territory. If demand continues to outpace supply, there’s little to stop them from ascending further.
The situation for importers is getting even more dire. Already extreme container rates are ascending to even higher peaks.
Danaos will stockpile cash from the current boom and spend it on new ships when environmental regs are clearer.
Formerly containerized cargoes are being loaded onto bulkers. Box-ship orders are keeping future bulker growth in check.
Maersk reveals more details on its shift toward long-term contracts at the expense of spot exposure.
Importers are scrambling as demand sails past ocean transport supply. The numbers paint an ominous picture for cargo shippers.
The Freightos Baltic Index (FBX) is the world’s leading—and most accurate—index of market rates for 40′ containers.
2001: Several shipping lines are close to ordering the first container ships of 8,000- to 9,000-TEU capacity, but others in the industry are warning of the associated risks.
COVID has been great for stocks. In ocean shipping, container and dry bulk shares rode the wave. Tankers stocks sank.
Chinese container production still trails torrid demand. Ever Given accident was ‘icing on the cake’ — making box shortfall worse.
Now that shipping lines hold the pricing cards, importers must reset strategies, says Sea-Intelligence’s Jochen Gutschmidt.
Trans-Pacific container crunch is about to become even more severe, warns Flexport, with May sailings now effectively sold out.
Some importers are rethinking how to move their products due to the Ever Given’s “very sorry situation.”
Liners are paying historically high rates to charter ships and maximize their exposure to the booming freight market.
U.S. importers will be paying a lot more for annual ocean contracts this year, but pricing inflation has eased.
U.S. maritime regulators are giving ocean carriers and shippers more flexibility to meet contract filing requirements.
Savannah’s record March underscores why it’s investing hundreds of millions on new capacity upgrades.
The Freightos Baltic Index (FBX) is the world’s leading—and most accurate—index of market rates for 40′ containers.
U.S. ports just booked their largest import hikes in memory, according to The McCown Report.
Imports into Los Angeles at not slowing down. Can the backlog be cleared before the peak-season swell begins?
As cargo shippers struggle, container-vessel companies rake in massive profits. Early signals point to record Q1 results.
Container shipping spot rates haven’t budged from COVID-fueled peaks. Cargo shippers’ hopes for a rate pullback are fading.
Days after Ever Given backlog was declared cleared, the number of ships waiting to transit the Suez Canal remains high (with video).
Twenty tons of coke was found aboard an MSC ship in 2019. MSC just revealed that it’s spending $100 million more on security in response.
Bad timing: Still-rising cargo demand is coinciding with container-shipping constraints in the wake of the Suez Canal crisis.
The Freightos Baltic Index (FBX) is the world’s leading—and most accurate—index of market rates for 40′ containers.
