Peak season imports are expected to remain strong but rail delays require ‘immediate’ attention, says Port of LA’s Gene Seroka.
Southern California ports can’t evacuate import containers fast enough. The backlog has yet again reached critical levels.
There were 125 container ships waiting offshore on Friday, including 36 off Savannah, 24 off Southern California and 20 each off Houston and New York.
In the second quarter, new highs were set for Cosco profits, OOCL revenue per container, and Evergreen operating revenues.
The number of import containers sitting at LA/LB terminals for nine days or more has more than doubled since February.
Spot freight rates are easing, but in a sign of resilience, container-ship charter rates remain near all-time highs.
A flood of newly built container ships will be delivered by shipyards in 2023-25. Can liners maintain pricing power?
Retail sales are still up double digits compared to pre-COVID. Inventory-to-sales ratios have yet to fully recover.
America’s peak cargo importing season will start early this year, by the end of this month, says the Port of Los Angeles boss.
Bulk commodity shipping stocks held up well before this month. Now they’re falling alongside container shipping stocks.
Truckload spot rates from Chicago to Dallas continue to drop, and overall volume shipped from China to the US drops 36% in the last year.
May was one of the busiest months in history for the container ports of Long Beach and Charleston.
CMA CGM, the world’s third largest liner company, froze spot rates in September-January, yet its revenue per container kept rising.
It took longer than expected, but the IMO 2020 investment pitch — save on ship fuel by installing scrubbers — is paying off big time.
The number of container ships waiting off Los Angeles/Long Beach recently sank to 25, the lowest tally since July 2021.
Without sanctions, tankers will keep loading Russian oil. ‘We’re not taking a moral high ground,’ says Frontline’s CEO.
It has been a terrible year for the stock market, a great one (so far) for product tanker and dry bulk shipping stocks.
Zim continues to outpace growth rates of rival container shipping lines, but investor demand fears are on the rise.
Container shipping spot rates are easing, at least temporarily, and far fewer ships are stuck waiting off U.S. ports.
Ocean carrier Hapag-Lloyd sees consumer demand and spot rates slipping, with market highs in the rearview mirror.
First came a pause in cargo bookings to Russia. Now, ocean carriers have halted almost all of their Russian port calls.
Shares of ocean shipping companies have given back much of their 2022 gains after another big sell-off.
U.S. regulators have ordered the world’s largest ocean carriers to submit more pricing and capacity data to help protect shipping markets from anticompetitive practices.
‘Right now, we don’t see a huge buildup of volumes because of the closedown in Shanghai,’ reports Maersk CEO Soren Skou.
New container prices, new production, lease rates, lease durations and used container prices are all down.
Container-ship transits of the Panama Canal are up as liners favor the East Coast. LNG transits are down as U.S. gas heads to Europe.
New reports from Maersk, Kuehne+Nagel and Drewry point to an ongoing boom for container shipping lines.
Retail stock pickers seem increasingly nervous about shipping. Shares of dry bulk, tanker, container and mixed-fleet owners all fell.
The Shanghai lockdown isn’t following the same supply chain script as the big Chinese disruptions of 2020 and 2021.
The trans-Pacific container trade is vastly different than pre-pandemic, with more ships, more competition, and a new leader: Maersk.
Russian imports via ocean, truck, rail and air are now being simultaneously squeezed. Shipping data shows growing pressure.
The future of global supply chains is in flux. The pandemic was a game changer. Then came the war.
America’s largest container port, Los Angeles, just posted the best March and best first quarter in its history.
The debate heats up on whether this is the beginning of the end of container shipping’s bull run.
RH confirms sharp drop in demand since Russia-Ukraine war and sees no supply chain relief.
Charter rates hold steady at their peak as the seemingly neverending container shipping boom continues.
Some shipping shares are rising because of war tailwinds. Others are rising despite war headwinds.
Congestion could go from bad to worse as liners steer a record number of container ships toward East Coast ports.
California ports make progress on bottlenecks, but Chinese lockdowns could spur “hockey stick” import rise.
COVID lockdowns haven’t closed Chinese ports yet. If they do, U.S. importers face “shockwave” of higher rates and delays.
COVID has been great for container shipping, terrible for cruising. What does this mean to MSC, which is big in both?
Liner company Zim expects to rake in a billion dollars more this year than in record-setting 2021.
Invasion and price spikes could destroy demand, weaken consumer confidence and curb cargo volumes, warns BIMCO.
The cost of the fuel consumed by the world’s commercial ships has skyrocketed — and it’s still rising.
Tanker stocks favored by retail traders post big gains, while most container and dry bulk stocks hold steady.
Container lines and tanker owners rapidly and preemptively suspend business with Russia.
The Biden administration is backing new legislation aimed at alleged out-of-control market power by foreign ocean carriers.
Container lines, shipowners and shippers have a new way to navigate the market chaos: cleared freight futures.
The container port business is booming and the big are getting bigger, particularly in China.
There are now more container ships waiting off East and Gulf Coast ports than there are off Los Angeles/Long Beach.
Tanker and dry bulk trades could be disrupted; container shipping faces heightened risk of cyberattacks.
The more ocean shipping is in the news, the more attention it gets from tech founders and investors.
After last year’s historic run-up, factories are producing fewer containers and pricing of new boxes is down.
Management from Radiant Logistics said it has several levers at its disposal to boost the company’s valuation.
Jefferies analyst Randy Giveans maintains that container shipping stocks still have a lot more room to run.
Xeneta CEO Patrik Berglund explains how carrier negotiating power has changed the annual contracting equation.
Long-term contract rates are at record highs. Shipping lines hold all the cards at the negotiating table.
COVID container boom continues: Maersk may earn even more this year than in record-trouncing 2021.
The number of ships waiting off Los Angeles/Long Beach fell 23% over the past week.
The FMC is considering minimum billing standards for late fees charged by ocean carriers for picking up and returning containers.
The cost of ship fuel looks like it’s about to topple records set in 2012 and 2008.
Accusations fly as shipping lines rake in billions, but the numbers imply more carrier competition, not less.
Barring an economic downturn, U.S. demand could still be squeezing ports a year from now.
A new export container subsidy at the Port of Oakland received a tepid response from lawmakers pushing for a major overhaul of shipping regulations.
Carrier profits are reaching previously unimaginable heights as supply chain disruptions supercharge gains.
SoCal imports suffering multimonth slide, not because of falling demand, but because of supply chain bottlenecks.
An attack on Ukraine could hike costs for shipowners and cargo shippers across the globe.
Could container shipping and tanker stocks end 2022 very differently than they began it?
For bulk commodity shipping, a rough start to the year. For container shipping, the profit bonanza continues.
No letup yet: It’s taking even longer for Asian exports to get across Pacific to American buyers.
Popular interest in the supply chain may have faded, but the pileup of ships waiting offshore keeps growing.
The leading spokesman in Washington for the world’s container trades offers his take on the implications of potential regulatory changes in 2022.
New barometer from NY Federal Reserve highlights how extreme supply chain crunch has become.
How could the consensus — that container spot rates will remain extremely high — be wrong?
MSC sues Deere, patent owner sues six shipping lines, box-overboard cases pile up, and Hanjin’s ghost tries to collect.
There has never been a year like this for container shipping. Here are the biggest stories of 2021.
After an exceptional year for ocean shipping, the data points to more action ahead in 2022.
Carriers and shippers are turning to East Coast ports as Los Angeles/Long Beach remains mired in congestion.
Import demand remains exceptionally strong but volumes through America’s largest port are falling.
SoCal port crunch “has really become as bad as it’s ever been,” reports industry veteran Jon Monroe.
After brief reprieve, trans-Pacific shipping rates head back up, pointing to ongoing supply chain pressure.
Some public shipowners are turning toward more diverse fleets. Others are moving in the opposite direction.
Controversial plan to charge for containers lingering on terminals keeps getting delayed. Yet containers still linger.
The Friend of the Sea program calls on the international maritime sector to act immediately to prevent ship-whale collisions.
Container, dry bulk and tanker stocks are down from recent highs. Temporary setback or something more?
Marine Exchange now counts ships waiting farther out to sea, confirming just how big the backlog really is.
Despite claims to the contrary, the ship backlog is not getting smaller. Vessels are waiting on both sides of the Pacific.
Here’s how omicron variant could impact tanker, container and dry bulk shipping rates.
Record number of container ships waiting but they’re harder to see, as new plan spreads queue across Pacific.
Price of low-sulfur fuel is rising faster than high-sulfur fuel. Ships with scrubbers stand to gain.
Ship arrival data confirms seasonal surge to Southern California has ebbed — even as port congestion has risen.
Zim’s profits are still going up — way up — despite more vessels getting snared in West Coast port gridlock.
Onboarding accounts should be a bigger thing than it is; airports used as container storage yards; airfreight is now an affordable option; and a few more quarterly earnings dissected.
Los Angeles and Long Beach hold off on charging highly controversial fee on import containers.
Federal regulators will soon begin analyzing how transportation data sharing can move more containers.
Rates expected to remain strong into 2022, fallout from new ship deliveries in 2023-2024 to be muted.
Just five days before emergency SoCal container fee is set to begin, offshore traffic jam reaches new heights.
A small number of non-U.S. entities determine vessel and container levels for U.S. ocean supply chains.
Third-party logistics provider Radiant Logistics again posted record quarterly results on Tuesday. On a call with analysts and investors, company officials called out strength in virtually every segment Radiant serves.
Port congestion forced container ships to go faster. Congestion remains extreme, yet ships are slowing down.
