Container
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More container ships score ‘astronomical’ $100,000/day rates
There has never been a better time to own container ships and lease them to liners. But some owners are selling ships and cashing out.
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Dredging project temporarily slows vessel activity at Port of Savannah
Normally big projects are scheduled during slow periods, but the Port of Savannah can’t wait to deepen its berths so there will be extra cargo…
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Ever Given could resume voyage 3 months after Suez Canal grounding
An agreement reportedly has been reached that will allow the Ever Given to finally resume the voyage halted when the container ship became wedged between…
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Hapag-Lloyd orders 6 more 23,500-TEU ships at cost of $852M
Hapag-Lloyd now will add 12 23,500-TEU container ships to its fleet beginning in 2023.
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Mounting evidence that container crunch will persist until 2022
Americans are spending more on services. Contrary to predictions, this has yet to curb demand for containerized goods.
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FreightWaves Classics: Federal Maritime Commission is regulatory watchdog for maritime trade
FreightWaves Classics profiles the Federal Maritime Commission, which regulates the international ocean transportation supply system in regard to the U.S.
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Chassis and labor shortages stymie ocean carriers, Class I railroads
Ocean carriers and Class I railroads both agree that chassis shortages are contributing to volume congestion. But solutions to relieve the congestion rely on multiple…
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Rise in trans-Pacific rates is relentless with new highs hit
Spot pricing has surged even higher, propelled by carrier rate hikes and China congestion fallout.
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North America supply chain reshoring will not happen, report says
The report says that North America will be less appealing than Asia in the eyes of business, at least through mid-decade.
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New cranes, cross-docks to help handle growing volumes in Pacific Northwest
“We know larger ships carrying increased volumes are coming. We want to be out in front of that curve.”
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