Forwarders and ocean carriers are betting a major holiday in Asia and seasonal inventory building at U.S. retailers will provide a boost to container shipping rates. Despite the short-term bump, […]
The oil tanker industry is nearly 130 years old, having first been developed in 1890 by the founder of Shell. Now the industry may be entering its twilight if, and […]
Improved vessel utilisation is the key to maintaining profitability in what is expected to be a challenging market according to Soren Skou, Chief Executive Officer of Maersk (Nasdaq OMX: MAER). […]
The U.S.-China trade talks throw another curveball at shippers and leave no time to move containers ahead of new tariffs. Market experts see no quick relief at hand, and the […]
Sluggish demand in the export trades from Asia to Europe has seen carriers blank nine sailings for the month of May 2019, taking out 115,000TEU in capacity, in an effort to bolster rates against slow growth.
As the 2018 import overhang lingers for a while, box ship rates may also suffer.
