Shippers have been bidding against each other for capacity over the past year with little to show for it, and it appears paying more will not solve the crunch.
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.
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.
Solution in use in France measures and cuts boxes to fit item properly, eliminating excess packaging
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 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.
Carrier profits are reaching previously unimaginable heights as supply chain disruptions supercharge gains.
China’s biggest holiday used to have a dramatic impact on U.S. transportation and the flow of goods. Now it seems more of an afterthought.
“International collaboration is essential to decarbonize global supply chains. It’s time to get started on this important work,” said Gene Seroka, executive director of the Port of Los Angeles.
SoCal imports suffering multimonth slide, not because of falling demand, but because of supply chain bottlenecks.
Shipping analysts rethink outlooks on crude and product tanker rates: already grim market appears even grimmer.
An attack on Ukraine could hike costs for shipowners and cargo shippers across the globe.
Supply chain disruptions are blamed for mixed results at Gulf Coast ports.
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.
Premium experiences, mobile access and fast delivery are among the keys to driving e-commerce sales, two new surveys find.
Shares of Zim are flirting with a new peak while shares of ship-leasing, dry bulk and tanker companies lose ground.
Popular interest in the supply chain may have faded, but the pileup of ships waiting offshore keeps growing.
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?
2021 — This year had several highs and lows with mixed results in almost every industry. The most reported news centered on the supply chain and it has been fraught with […]
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.
Spot rates topped $300,000/day, sank to teens, rose to over $360,000, now back near $100,000.
After a year and a half of predictive misses, procurement teams and supply chain managers are in need of Lithium to help treat their bipolar ordering behavior.
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.
Freight Railroads Keep American Moving
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.
Humanitarian Heroes Medical Bridges’ vision: (Photo: Walter Ulrich/MedicalBridges) “A world in which every person enjoys accessto quality health care with dignity and respect.” Non-Governmental Organization on a Mission Medical Bridges […]
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.
16 companies control 80% of the world’s liner shipping, container production and box-leasing capacity
Los Angeles and Long Beach hold off on charging highly controversial fee on import containers.
Rates expected to remain strong into 2022, fallout from new ship deliveries in 2023-2024 to be muted.
Crude and product tankers may be totally different markets, but 2021 proved how connected they are.
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.
Port congestion forced container ships to go faster. Congestion remains extreme, yet ships are slowing down.
Crude-tanker owners continue to pile up huge losses, but hopes are high for next year.
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.
Pitney Bowes plans to hire thousands of seasonal employees for holiday peak season, with many being offered the opportunity to remain with the company following the holidays.
Maersk expands air business after earning more in a single quarter than in any prior full year.
CRST’s capabilities cross the full spectrum of freight, giving you access to a single partner for all of your transportation needs.
Trans-Pacific container shipping rates remain exceptionally strong despite a dip earlier this month.
Biden-backed plan to tackle container congestion could make logjam even worse, critics believe.
Learn how technology & analytics can help you more proactively adjust to supply chain shifts at mybluegrace.com
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.
More public shipping companies go private as IPOs remain rare. Here’s why exits outpace new listings.
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.
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?
Capesize bulkers haven’t earned this much since 2009, and freight futures just made “monstrous” move up.
With no end in sight for global supply chain crisis, importers warned to brace for high costs throughout next year.
Containerized exports continue to struggle but overall, U.S. exports are rising. Sales are at record levels for some commodities.
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.
FreightWaves partnered with BlueGrace Logistics to survey shippers about their capacity strategies in the current market.
Demand for container ships is so extreme that some operators are paying unprecedented sums to rent them.
Two of China’s main ports are preparing for the arrival of Typhoon Chanthu, which could slam Taiwan first.
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.
The increased efficiency shippers find when using digital RFP tools will allow them to both build out their carrier networks and increase the frequency of their RFPs, giving them the power to respond to market shifts earlier.
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.
