John Godfrey, executive supply chain consultant at Pirelli, discusses challenges the company has faced with different shipping modes and difficulties finding the capacity to meet increased demand.
It’s not just small and midsized importers that face massive contract rate hikes. Even the biggest shippers will feel the pain.
AgTC’s Peter Freidmann highlights the hurdles U.S. food exporters confront as they vie for containers to transport their goods.
One of the largest players in public LNG shipping, GasLog Ltd., plans to give up its NYSE listing. Will more shipowners opt to go private?
Crude and product tanker rates are bouncing along the bottom. As one analyst put it, “There’s only one way to go from here.”
Star Bulk and Golden Ocean have recently acquired almost $1 billion in ships between them as they seek more exposure to the dry bulk market.
Cargo shippers hamstrung by the global container shortage should not expect a box building spree in China to come to their rescue.
It’s not just container stocks rising. Shipping stocks are up for everything from bulkers to tankers to gas carriers.
More venture capital flowing to maritime tech startups – and more shipping companies giving those startups a trial run.
A quickly changing retail landscape has sparked interest in more innovative shipping models, including bypassing domestic warehousing with direct-from-origin options.
Here’s a helicopter view courtesy of U.S. Coast Guard of container-ship armada off Los Angeles and Long Beach (WITH VIDEO).
ZIM, newest Wall Street shipping entrant, is riding wave of record-high freight rates. Shares fully recovered from rocky start.
Due to shipping snarl and container congestions, delays in retail inventories will be felt from Christmas through Easter.
Maersk, the world’s largest container carrier, just reported record quarterly results. And its next quarter looks even better.
Long grind ahead for crude tankers: Executives and analysts don’t see recovery until second half — if not later.
When a single point of contact handles all of a company’s freight needs, customers are rewarded with lower costs, less confusion and more transparent shipments.
California calls on feds to protect exporters. Shipping groups claim California export cure will worsen congestion — including for importers.
Container lines score huge negotiating advantage as spot-rate surge set to persist through annual contract season.
After a difficult 2020, optimism about the supply chain is running high this year — and 11 industry leaders have identified several opportunities for growth with their predictions for the rest of 2021.
ZIM just completed the first U.S. shipping IPO in over five years. Here’s a look back at shipping’s wild multidecade ride on Wall Street.
Asia-U.S. liner sailings are now being canceled because too many container ships are stuck at anchor off California.
In Africa, one seafarer is dead and 15 have been kidnapped. Worldwide, more seafarers are being barred from travel as COVID fears rise.
Nearly 700 dockworkers in California have COVID. Hundreds more are out due to quarantines. Pleas for fast-track vaccinations intensify.
Ocean carrier ZIM has hiked its fleet capacity with new charters and is planning to price its New York IPO next week.
This has been the best January for dry bulk shipping rates in a decade. Is this the long-awaited turning point or yet another head fake?
Asia-West Coast spot rates are up 173% year on year. Rail and trucking volumes from ports are up double digits.
Higher fuel prices are bad news for box shippers. Higher fuel spreads are good news for owners with scrubber-fitted fleets.
There are more container ships stuck off California than at any time since 2004. What’s behind the pileup? When can it be cleared?
An LNG ship is now earning more than any other vessel in history. Extreme weather in Asia has propelled LNG rates into the stratosphere.
Even after a wave of just-ordered container ships is delivered by yards, cargo shippers are unlikely to see lower freight rates.
A Biden administration teamed with a Democratic Congress should lead to even more stimulus, a recipe for even more container imports.
How surprise Saudi production cuts and escalating Mideast tensions could impact timing of crude-tanker rate recovery.
Like clockwork, liner operators sharply reduce their sailings each year during the Chinese New Year holiday. Not in 2021.
Successful IPO by ZIM would offer investors direct exposure to trans-Pacific freight-rate craziness, but not without risks from debt load.
Asia-U.S. container rates had held firm at a record high since September. Now they’re on the move again — and headed even higher.
A look back at 2020’s shipping roller coaster: how container sector emerged as ‘surprise rock star’ and tankers peaked early, then plunged.
Chances slim for 2021 shipping equity offerings, but a container-liner IPO prospect remains on the table.
Container imports far exceed sales, raising concerns that 2020’s transport binge could lead to a big headache in 2021.
Will your cargo ship arrive on time? Globally, the chances are now 50-50. In the Asia-U.S. container trade, it’s less than one in three.
Shipping containers are known for their long-term durability — here’s a closer look.
Container flows into U.S. ports have grown faster over the past three months than they have at any other time in the past decade.
Vaccine distribution won’t delay deliveries of your Honey Baked Ham and toilet paper, says CNBC’s Lori Ann LaRocco.
Ocean carriers toed the line on capacity control in 2020. What does this new normal mean to shippers, yards and leasing companies?
It’s not just container shipping that’s rolling in profits. LPG tanker rates are hitting new highs on Asian demand for U.S. propane.
The trans-Pacific surge will persist through Q1 and January could see all-time-high container volumes, predicts Flexport’s Nerijus Poskus.
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?
Container shipping stocks are back to pre-COVID levels whereas many tanker and bulker stocks are down by double-digits year-to-date.
There will be no letup in booming container imports in 2020. The only question now is how long it lasts into 2021.
The pandemic is driving people to drink more. Bulk ocean shipments of wine in flexitanks are up 30% this year.
First, Spire collects the ship-movement data from orbit. Then algorithms use that data to reveal the patterns of global shipping.
Panama Canal congestion is not impeding transits of container ships but it is pumping up spot rates for LNG and LPG carriers.
The total market capitalization of U.S.-listed ocean shipping stocks has plunged 34% in 2020, but there are reasons for hope in 2021.
Worries mount for crude tankers: dividend cuts, the pandemic, a stubborn floating-storage hangover … and now newbuild chatter.
Bulk soybean and corn exports are way up, but containerized ag exports are waylaid by equipment shortfalls and Chinese inspections.
Mirroring bullish comments by Maersk and Hapag-Lloyd, container line CMA CGM reports a strengthening market in the fourth quarter.
As COVID hospitalizations surge and business restrictions mount, could U.S. importers be overshooting the mark?
Maersk confirms that cargo demand looks strong through year-end, bucking the usual seasonal trend.
“Winter is Coming” is a warning in House Stark and usually a blessing for tankers. But there’s nothing usual about 2020.
Hapag-Lloyd sees strength until “at least Chinese New Year” and a challenge to “get containers where they need to be.”
There are not enough containers in China to handle all the U.S.-bound cargo — and box factories are now sold out into Q2.
Here are some examples of eco-friendly packing fillers.
The one-two punch of the Pfizer vaccine and Joe Biden’s victory will affect container and tanker shipping in multiple ways.
The trans-Pacific capacity crunch continues. Container volume that’s either inbound to Los Angeles or stuck at anchorage is surging.
Euronav exec curses crude-tanker market (literally). Scorpio exec pitches product-tanker promise and throws shade at crude side.
A look back at the days after the 2016 presidential election and the strange case of “The Donald Trump Shipping Stock Boom.”
U.S.-listed carrier reveals the latest on trans-Pacific holiday rush, restocking, e-commerce spike and port congestion.
Positive COVID recovery signal: LNG shipping is behaving normally again, with a typical seasonal spike.
Kirby tops earnings expectations on lower costs despite COVID and hurricane hits to demand.
The trans-Pacific market is bursting at the seams as shippers rush in holiday cargoes.
What happens next at the IMO will affect oceangoing ship capacity — and freight rates — for decades to come.
More recovery signals: container lease pricing up over 50% versus second quarter, new container prices up 40% year-to-date.
High cost of repositioning reefer equipment is hitting food exporters hard amid ongoing tariff fallout.
New Kpler data reveals slow pace of floating-storage unwind and steady fall in crude-tanker utilization.
On a collision course: holiday timing, surging consumer demand, thin inventories, and capacity constraints for container liners and ports.
Sequel to “The Shipping Man” asks whether ESG will kill the old-school style of traditional shipowners.
Cargo mix and larger locks kept Panama Canal volumes rising despite headwinds.
A “blue sweep” win for Democrats could be good for container ships, bad for tankers.
Listed carriers are poised to post stellar third-quarter numbers on higher rates and volumes.
Banks, charterers, shipowners and governments want to clean up ocean transport. Not necessarily in the same way.
Shipping CEOs see an increasing risk of a global economic crisis in the decade ahead.
Another key bellwether — the cost of dry bulk freight — is pointing to an economic recovery.
‘Get ready for the biggest restocking cycle on record,’ says Jefferies.
Echo Global has added a Book Now tool to its EchoDrive platform, allowing dispatchers and truck drivers to instantly book loads without the need for phone calls or emails.
As NYSHEX expands and Maersk Spot nears U.S. approval, ocean transport contracts could become more binding.
Marine fuel prices are down 30% year-on-year despite the IMO 2020 regulation.
Bullish signal: Strong demand for box equipment extends into 2021.
Analysts point to upside prospects for container-ship stocks as charter rates rebound.
Ocean shipping stocks remain mired in a sea of red. A bad year is getting worse.
China could decide enough is enough if trans-Pacific rates rise too high.
Amid talk of more floating storage, Kpler data reveals most of round-one storage volume is still on the water.
As prosecutors rack up guilty pleas in 2019 case, more coke crosses via ship from South America to Europe in 2020.
E-commerce delivery times during the holidays might not make the “nice” list with this year’s soaring online purchases.
U.S. importers now paying three times more per mile than Europeans for transport of Chinese goods.
After decades of safety improvements, a deadly stretch of casualties for ocean shipping.
CMA CGM bonds that traded at 55 cents on the dollar in March are now trading near par.
Crude-tanker rates on the benchmark Middle East-Asia run are now deep in the red.
McKinsey warns that global shocks will become more frequent and shippers must improve the resiliency of their supply chains.
Layoffs loom. Maersk maintains changes are not about cutting costs amid COVID, but about improving service.
U.S. importers turn to Chinese sellers in the wake of COVID.
