Air cargo is typically unaffordable for most shippers. With ocean rates off the charts, air doesn’t look so bad. If you can find a booking, why wouldn’t you fly?
California congestion hits charter rates as ship operators waste millions waiting to get to terminals.
Virtually every U.S.-listed shipping stock fell on a day that the S&P 500 hit a record high.
Maersk expands air business after earning more in a single quarter than in any prior full year.
Trans-Pacific container shipping rates remain exceptionally strong despite a dip earlier this month.
The daily surcharge fines begin Monday, but there has been no immediate surge of container activity.
Biden-backed plan to tackle container congestion could make logjam even worse, critics believe.
Media coverage increasingly links consumer price inflation to container shipping and supply chain chaos.
It’s no coincidence that spiking trans-Pacific trade coincides with more boxes overboard and more shipping accidents.
Ocean cargo shippers are paying more than they ever have before for the worst service they’ve ever experienced.
California port congestion is as bad as ever. Some imports have been stranded offshore for over a month.
The ocean shipping boom is spreading across vessel types. Spot LNG shipping rates just topped $150,000 per day.
Liner deals in the ship-leasing market imply strong confidence in high freight rates for the foreseeable future.
As America struggles with a growing supply chain crisis, ocean carriers rake in even more profits.
Pullback in trans-Pacific shipping rates: beginning of the end or brief reprieve with end still not in sight?
Cost of fuel consumed by container ships, bulkers and tankers is effectively at a seven-year high.
Shipping Asia-U.S. via regular ocean service and rail? “I would bet your goods will not arrive in time for Christmas,” says Flexport’s Nerijus Poskus.
Ports and inland transportation connections are choking on ocean imports. A top economist says don’t blame ocean carriers.
Los Angeles is at the front line of the port congestion crisis. Its executive director outlines his strategy to clear anchorages.
How will public view ships anchored off Los Angeles/Long Beach if one of them is tied to Huntington Beach spill?
With no end in sight for global supply chain crisis, importers warned to brace for high costs throughout next year.
As some Chinese factories go dark, more delays for container imports but bullish sign for coal, LNG and oil shipping.
Trans-Pacific traffic snarl is bicoastal: More container ships waiting off Shanghai and Ningbo than Southern California.
Southern California ports would need two weeks with zero vessel arrivals to clear logjam — but the ships keep coming.
Dry bulk shares suffer double-digit declines, with tanker and container stocks also caught up in the sell-off.
Liner profits still rising: second half looks stronger than first and Deutsche Bank sees even higher earnings next year.
Supply chain crisis deepens as more imports snared in historic ship queue off Los Angeles/Long Beach.
Container ships named The Brady, The Belichick and The Gronk just sold for six to eight times their purchase price, spurring a nine-figure payday.
Dry bulk and LNG shipping stocks now at 52-week peaks with container stocks not far from the top.
Borderlands is a weekly rundown of developments in the world of United States-Mexico cross-border trucking and trade. This week: Slync.io launches integrated strategy for ocean containers; chip shortage continues to impact Mexico’s commercial truck industry; automotive parts supplier invests $102M in Mexico expansion; and Aeronet Worldwide opens operations in San Antonio.
Demand for container ships is so extreme that some operators are paying unprecedented sums to rent them.
An FMC advisory committee has been formed amid ongoing shipper complaints of carrier market power abuse.
In unprecedented move, CMA CGM unilaterally halts rate increases until February amid rising global supply chain chaos.
New details on record 2019 cocaine haul aboard MSC Gayane — which may not have been the first run — as U.S. wraps up convictions.
Virginia’s competitive advantages: a naturally deep harbor, semi-automated terminals and its own, newer chassis pool.
Cosco and MSC fight back against accusations that they inflated rates, violated contracts and broke U.S. law.
More container ships are stuck at anchor off California than ever before. The gridlock is about to get even worse.
As stimulus-fueled demand overwhelms trans-Pacific capacity, a widening freight spread leaves small shippers behind.
Container mega-spike recalls epic dry bulk run over a decade ago. Here’s a look back at the last time shipping had it this good.
Demand for new containers has been historically high. Even so, the Chinese factories that build the world’s boxes are churning them out efficiently.
Ocean carrier ZIM now expects to earn $4.8 billion-$5.2 billion this year — five times what it earned in 2020.
Port of Los Angeles boss warns: ‘Anchorage and dwell times are trending in the wrong direction.’
Queue of container ships off U.S. ports keeps building, with months’ worth of peak-season cargo still to unload.
Maersk results offer more evidence that capacity constraints and U.S. — not worldwide — demand drive rates.
“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.
Almost no container ships were stuck at anchor when 2020 peak season began. This peak season, terminals are pre-clogged.
Disparities between container index prices wider than ever after big course correction by Freightos.
Borderlands is a weekly rundown of developments in the world of United States-Mexico cross-border trucking and trade. This week: US agricultural exporters experiencing shipping container crunch; TForce Logistics expands last-mile delivery in Texas; Dachser expands operations in Arizona; and TexAmericas Center to expand rail service.
Container ships in the congestion-plagued trans-Pacific trade have stepped on the gas, with some vessels now topping 20 knots.
Wave of cargo delayed by COVID outbreak in Yantian, China, is starting to hit California’s already strained terminals.
An in-depth look at CEO compensation in container shipping, bulk shipping and the cruise industry
New disclosures by lines point to massive ocean-carrier profits in the second quarter.
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?
More problems loom for importers of Asian containerized goods and tanker slump could last even longer.
A year and a half after COVID emerged in Wuhan, China’s exporters, liners, shipyards and container factories are all booming.
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.
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.
Ships at anchor are unlikely to clear by peak season. Congestion is forcing wide-scale voyage cancellations.
How bad is it? A Vietnam-New York slot was just offered at $19,000 per FEU, reveals Flexport’s Nerijus Poskus.
ZIM is the liner most exposed to upside from America’s import binge. It’s taking full advantage of the situation.
With the retail inventory-to-sales ratio still falling, U.S. importers are urged to move fast on their holiday import plans.
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.
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.
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.
West Coast congestion could last into the fall as retailers face stockouts on essential goods, says ocean carrier Matson.
Trans-Pacific container crunch is about to become even more severe, warns Flexport, with May sailings now effectively sold out.
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.
Savannah’s record March underscores why it’s investing hundreds of millions on new capacity upgrades.
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?
More than a third of the crew on the MSC Gayane smuggled cocaine in June 2019. The first prison term has just been handed down.
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).
“Widely varying” tariff fees charged by container lines have prompted federal regulators to consider new rules.
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.
Suez Canal accident aftermath: Extensive disruptions are ahead for key Asia-East Coast container shipping services.
California’s container-ship traffic jam is slightly less jammed but import pressure remains high. One analyst warns the worst may be yet to come.
