Shipping

The U.S. Department of Transportation is awarding the Port of Long Beach a $30.1 million grant to replace diesel yard tractors with zero-emissions cargo-handling equipment.

Spot rate indexes look like they’re stabilizing — at least temporarily — after double-digit plunges in August and September.

The “shadow fleet” is not large enough to save Russian oil exports from Western sanctions, according to multiple analysts.

Rolf Habben Jansen, CEO of ocean carrier Hapag-Lloyd, gives his take on the “bullwhip effect,” rates and global trade.

FreightWaves founder and CEO Craig Fuller provides insight into 2022’s peak season.

“At MSC, we want to continue to improve towage service efficiency and expand Rimorchiatori Mediterranei, building on the impressive work of the Genoese families that have developed the company the past 100 years,” MSC CEO Soren Toft said.

Shipping lines face a minefield of surging capacity and sinking demand, but there is a path to safety, claims one industry expert.

Southern California ports are being hit by double-digit import drops as the COVID-19 cargo boom winds down.

As container shipping stocks get battered by collapsing rates, tanker shares could be poised for a long bull run.

An overview of Day 1 of F3: Future of Freight Festival.

Declining imports have led to fewer container ships waiting off ports, injecting more capacity into the market, a negative for spot rates.

Supply chain planners will walk a precarious path in 2023, according to S&P Global transportation expert Paul Bingham.

New disclosures by Asian ocean carriers confirm that container shipping lines remain extraordinarily profitable.

Demand for Asian goods began dropping earlier this year. This is now having a delayed — and highly negative — effect on U.S. imports.

Major ocean carriers are likely to survive the ongoing dip in shipping rates. But other companies may soon struggle.

Shipping adheres to a time-honored tradition: When shipowners make exceptionally high profits, they order a lot of new vessels. When those newbuilds are delivered by the yards, it kills shipowners’ […]

With war raging and pipelines sabotaged, shippers are paying astronomical sums to transport LNG across the oceans.

Measures of supply chain bottlenecks, cargo transit times, bookings and spot rates are all down, yet inflation remains historically high.

Supply-demand dynamics that supercharged pandemic-era rates are now “exactly the opposite,” says Maersk CEO Soren Skou.

Hurricane Ian came ashore in Fort Myers, Florida, just before noon Wednesday. Transportation is starting to feel the impact, with road and port closures in effect.

The EU is going to ban imports of Russian crude and petroleum products. It still has a long way to go to find replacement supplies.

The Georgia Ports Authority’s board on Tuesday agreed to spend $60 million on further development at the Colonel’s Island Terminal.

The U.S. Coast Guard has closed three key ports around the Tampa Bay area in anticipation of Hurricane Ian’s landfall.

The G-7 plan to squeeze Russia’s oil profits hinges on the EU revising its own sanctions. Those revisions face opposition.

East and Gulf coast ports handled more volume than ever before in August, pulling far ahead of West Coast rivals.

Retailers are coming together to send demand signals for zero-carbon shipping fuels.

FreightWaves founder and CEO Craig Fuller outlines how FreightWaves SONAR pointed to the global freight recession months ago.

Container lines are pulling back fast from the ship-leasing market, signaling less confidence in future freight income.

Container shipping rates — particularly from Asia to the U.S. — are still falling hard and show no sign of finding a floor.

U.S. containerized imports are still near record highs, but not in Los Angeles, where they’ve fallen sharply.

“Right now, shipping companies around the world are looking at this and scratching their heads,” says sanctions expert Bruce Paulsen.

Tanker stocks are proving to be a shelter from the Wall Street storm as demand grows for ships that transport oil and natural gas.

Spot container rates for U.S.-bound cargoes are falling fast, yet import numbers at U.S. ports remain near their peak.

Shipping volumes are weakening in and out of China. Is this a temporary pullback or a sign of more serious trouble ahead?

Container and dry bulk shares soared last year, leaving tanker stocks behind. This pattern has now reversed.

The soybean associations say helping offset construction costs of AG Procressing’s terminal expansion at the Port of Grays Harbor will help soybean exporters in the long run.

If the U.S. curbed gasoline and diesel exports, tankers would sail longer distances to replace lost volumes — a plus for tanker earnings.

California’s container-ship traffic jam is almost gone, replaced by stubbornly high backlogs off the East and Gulf coasts.

Just two supertankers have been ordered in the past 14 months, raising the risk of a future shortfall in oil transport capacity.

The Russia-Ukraine war caused demand for LNG to surge. Owners of LNG carriers are in prime position to profit this winter.

The cost of marine fuels is down sharply from the wartime peak, except for ‘clean’ LNG, which is getting even more expensive.

Spot rates on most global shipping routes continue to fall. The trans-Atlantic market is the exception: It’s holding firm near its high.

U.S. imports accelerated in July, with inbound cargo from China reaching a year-to-date high, according to Descartes.

With East Coast ship queues high, port executive Gene Seroka says: “For cargo owners looking to rechart their course, come to Los Angeles.”

Trans-Pacific spot container shipping rates continue to head lower. Zim appears more at risk than some of its rivals.

Rates and sentiment in dry bulk shipping have fallen hard. Economic pressures in China appear to be a major culprit.

The latest shipping company poised to delist has a market cap of $3.5 billion. The latest new entrant’s market cap is under $20 million.

Hapag-Lloyd bookings point to a gradual unwind of the container shipping boom, not a crash.

Tankers stocks are doing great. Dry bulk and container stocks temporarily stopped the bleeding. “Maxim stocks” still underperform.

Port congestion and voyage cancellations by shipping lines are preventing a steeper slide in spot container freight rates.

It looks increasingly likely that war-driven changes to global crude flows will persist for an extended period.

NOAA Fisheries aims to reduce whale strikes on the East Coast of the United States with new vessel speed regulations.

Chinese military exercises in the Taiwan Strait will delay shipments. Further escalation could have dramatic supply chain effects.

Container shipping giant Maersk sees continued strength in U.S. imports and ongoing supply chain disruptions globally.

Air and ocean freight company saw its volumes slump but managed to be more profitable as it held the line on expenses.

The drop in ships waiting off Southern California is deceiving. The number of ships off all three coasts is back to all-time highs.

Shipping lines are still racking up extraordinary profits. Hapag-Lloyd forecasts continued strength in the second half.

Fallout from the Ukraine-Russia war and concerns over power supply in Europe and Asia support demand for seaborne coal.

Last year was historically strong for some maritime businesses, terrible for others. No matter what the sector, maritime CEOs made millions.

Exhaust gas scrubbers are allowing tankers, bulkers and container ships to keep burning dirtier — and much cheaper — marine fuel.

Cargo vessels allegedly are meeting at sea to transport stolen Ukrainian grain to Turkey and Syria.

America’s goods imports hit a capacity ceiling during the COVID-era boom. Volumes are still bouncing around near the top.

Tankers are very busy loading up with American crude oil and refined products sold to overseas buyers.

Container shipping spot rates continue to ease but are still many times higher than they were pre-pandemic.

Peak season imports are expected to remain strong but rail delays require ‘immediate’ attention, says Port of LA’s Gene Seroka.

Congress introduced a bill to protect the health of port communities and address climate and environmental justice issues.

From crude tankers to product carriers to dry cargo ships, the largest vessels are earning less than their smaller counterparts.

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.

A shipping researcher dubbed July 1 “Bloody Friday” due to a large drop in stock prices for several shipping companies.

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?

Container shipping rates remain far above pre-COVID levels, yet there are more signs of prices easing.

The first half has been phenomenal for product tankers. How much of shipping upside is due to the war?

FreightWaves founder and CEO Craig Fuller analyzes the bullwhip effect on the current retail and trucking environments.

The drowning of over 15,000 sheep off Sudan is just the latest in a very long line of black marks for livestock shipping.

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.

Analysts from J.P. Morgan and Bank of America warned of an impending disaster for U.S. imports.

May was one of the busiest months in history for the container ports of Long Beach and Charleston.

With President Biden to speak at the Port of Los Angeles on Friday, here’s a look at how California’s San Pedro Bay emerged as America’s key port complex.

The International Maritime Organization and a California congressman look for strategies to lower emissions on World Ocean Day.

EU sanctions on Russian petroleum exports could have much more serious repercussions than earlier U.S. moves.

Maersk said it can provide end-to-end supply chain solutions with its ships calling its APM Terminals Elizabeth, followed by clearance through Maersk Customs Services and finally storage, fulfillment distribution and inland transportation through Performance Team.

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.

An expert reveals what’s wrong with ocean shipping giants. Consumers are footing the bill for their massive profits.

The number of container ships waiting off Los Angeles/Long Beach recently sank to 25, the lowest tally since July 2021.

While the Federal Maritime Commission’s Rebecca Dye found no evidence of collusion among the major ocean carriers, an investigation into the “numerous charges” they assess still could be launched.

Tankers are loading up on American crude, diesel and gasoline exports. Can the free market withstand political pressure?

A Florida trio was recently sentenced to federal prison for their roles in a $200 million infant formula fraud scheme.

Without sanctions, tankers will keep loading Russian oil. ‘We’re not taking a moral high ground,’ says Frontline’s CEO.

Safety stats show resilience despite aging ships, cut corners on maintenance and rising pressure on seafarers.

East Coast gasoline inventories are alarmingly low. Gasoline imports from Europe could help but may not be enough to fill the gap.

It has been a terrible year for the stock market, a great one (so far) for product tanker and dry bulk shipping stocks.

Megaships are helping cause our current supply chain chaos. Big container boats have hampered competition and clogged up ports.

Zim continues to outpace growth rates of rival container shipping lines, but investor demand fears are on the rise.