Greg Miller

Greg Miller covers maritime for FreightWaves and American Shipper. After graduating Cornell University, he fled upstate New York's harsh winters for the island of St. Thomas, where he rose to editor-in-chief of the Virgin Islands Business Journal. In the aftermath of Hurricane Marilyn, he moved to New York City, where he served as senior editor of Cruise Industry News. He then spent 15 years at the shipping magazine Fairplay in various senior roles, including managing editor. He currently resides in Manhattan with his wife and two Shih Tzus.
Dec - 2023 -
15 December
Greg Miller

Why attacks on container ships caused container stocks to jump

Container-ship route diversions — first to avoid the Panama Canal, now to avoid Red Sea chaos — could help offset rate pressure from newbuilding deliveries.

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13 December
Greg Miller

Panama Canal transits plunge as larger ships are turned away

Panama’s drought initially affected transits through the smaller locks. The pain has now spread to the larger Neopanamax locks.

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11 December
Greg Miller

How Venezuelan invasion of Guyana could impact tanker shipping

As war rages in Europe and the Middle East, a new flashpoint in South America could pose more complications for shipping.

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07 December
Greg Miller

Container shipping outlook 2024: Rising risk of delays, disruptions

Next year, U.S. importers must navigate canal restrictions, diversions from the Red Sea, more canceled sailings and, possibly, a port strike.

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Greg Miller

US imports dragged down by seasonality, Panama Canal crisis

Imports have held up surprisingly well this year, but peak season’s end and canal restrictions are finally curbing volumes.

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05 December
Greg Miller

America’s energy boom: Crude exports soar to record high

U.S. crude exports have never been higher. Overseas buyers are incentivizing American producers to pump more “black gold.”

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04 December
Greg Miller

‘Astronomical’ gains for dry bulk shipping but rally looks fleeting

Commodity shipping has a well-deserved reputation for extreme volatility. The rise and expected fall in dry bulk is a case in point.

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01 December
Greg Miller

Another Panama Canal red flag: Spiking product tanker rates

U.S. diesel exports to South America’s west coast are heavily exposed to Panama Canal delays. Tanker rates have skyrocketed.

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Nov - 2023 -
29 November
Greg Miller

No reservation at Panama Canal? Prepare for a long wait

As the Panama Canal scales back on reservation slots, more ships without reservations wait longer to get through.

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28 November
Greg Miller

Bankrupt Bed Bath & Beyond files $100M+ mega-claim against MSC

MSC, the world’s largest shipping line, faces the largest-ever shipper claim for alleged damages suffered during the supply chain crisis.

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27 November
Greg Miller

Zim container ships divert as threat to Israel-linked vessels mounts

There has been a surge of attacks and threats targeting Israel-linked ships, including one incident where the U.S. Navy came to the rescue.

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24 November
Greg Miller

‘Dire’ scenario for shipping lines more likely as spot rates fall back

Time is running out for container lines as contract rate renewal season nears and spot rates fail to recover.

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21 November
Greg Miller

Yet another shipping ‘chokepoint’ risk as Yemen rebels attack

Panama Canal restrictions force more ships to transit the Bab el-Mandeb Strait off Yemen, where they face a hijacking risk.

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20 November
Greg Miller

Creditor challenges bankruptcy plan of ILWU dockworkers union

Terminal operator ICTSI has not given up its quest for tens of millions in damages from the West Coast longshore union.

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16 November
Greg Miller

China and global trade: Why stimulus is MIA and risks are rising

The era of rapid Chinese growth and large-scale government intervention is over, says China Beige Book CEO Leland Miller.

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15 November
Greg Miller

Massive impairment charge drags shipping line Zim to $2.3B loss

Zim’s headline loss looks ugly, but most of the decline was non-cash and it still has ample reserves to weather the downcycle.

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13 November
Greg Miller

Greek owner to sell all container ships, spend $3B on LNG tankers

A fleet of container vessels is up for sale as a company backed by Greece’s Evangelos Marinakis switches its bets to LNG shipping.

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09 November
Greg Miller

Panama Canal crisis forces US farm exports to detour through Suez

U.S. agribulk exports to Asia are taking the longer route via the Suez Canal due to Panama transit restrictions.

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Greg Miller

Shipping line Hapag-Lloyd suffers ‘big miss’ as Q3 profits slump

Cargo volumes are holding up, but rising transport capacity is outpacing demand, pushing container shipping rates even lower.

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07 November
Greg Miller

What downturn? US imports still rising, highest since boom

Containerized imports have rebounded strongly in 2023, with October volumes up 33% from February’s low.

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