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.
Ports and inland transportation connections are choking on ocean imports. A top economist says don’t blame ocean carriers.
1978: More than a decade ago, someone accepted the measurement given in a manufacturer’s advertisement at face value. The figure has been used since then to compute ocean freight rates on certain chemicals. Who is liable? The shipper or the carrier?
Trans-Pacific spot index rates haven’t budged from the same peak band for the past 10 weeks. How is this possible in a competitive free market?
COVID-19 may have disrupted supply chains but not the U.S. Federal Maritime Commission’s regulatory and policy focus on ocean container shipping, FMC chairman says.
When demand falls, prices fall too — or they should. Yet on the southbound Asia-Oceania trade lane rates are up but volumes are down.
Asia-Europe and Asia-U.S. spot freight rates jumped 12-30% last week, but can carriers hold on to the gains?
Jim Wilson reports on Hong Kong-listed dry bulk ocean shipping company Pacific Basin’s earnings.
Ben Thrower recently visited the Panama Canal. He writes about the canal’s expansion and what that means to global trade and the maritime industry.
Box shipping executives may allow themselves a small sigh of relief as the latest freight rates data shows that the recent decline in freight rates appears to have stopped. And, on some routes, it’s even marginally increasing.
Containerized freight rates are continuing to decline. And where gains are made, these are only marginal gains. International maritime consultant Drewry expects that ocean carriers “will struggle to recover rates” in the coming week.
Freight rates for biggest ships fall below those of smaller ships, but that is set up for rebound, market experts say.
China imposed a 25% import duty on US soybean imports in July and a domestic shortage of beans is now resulting in Chinese traders paying a higher price for Brazilian beans than what domestic crushers are paying, leading to speculation that China could again increase shipments from the US.
China-U.S. ocean freight rates have been falling continuously for the record 32nd week, in the wake of the Chinese New Year and a continous surge in capacity.
