“This new funding will help us accelerate development of our platform and add even more data sets to enrich our expert industry analyses to further drive transparency in the market,” says Xeneta co-founder and CEO Patrik Berglund.
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?
In a Q&A with FreightWaves, Shifl CEO Shabsie Levy says of current general rate increase global shipping practices: “It essentially incentivizes chaos and disruption but yet doesn’t play in anyone’s favor.”
Container and dry bulk shares soared last year, leaving tanker stocks behind. This pattern has now reversed.
A slowing eurozone may pull ocean container rates down further.
The Freightos Baltic Index (FBX) is the world’s leading—and most accurate—index of market rates for 40′ containers.
California’s container-ship traffic jam is almost gone, replaced by stubbornly high backlogs off the East and Gulf coasts.
The cost of marine fuels is down sharply from the wartime peak, except for ‘clean’ LNG, which is getting even more expensive.
Workers responsible for the transport of goods have pushed back on wage offers in recent months, but the flow of trade is choking in this tug of the purse strings between employers and labor.
Spot rates on most global shipping routes continue to fall. The trans-Atlantic market is the exception: It’s holding firm near its high.
Ports in Houston, Corpus Christi, Texas, and Mobile, Alabama, continued to see increased cargo volume in July.
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.”
The Freightos Baltic Index (FBX) is the world’s leading—and most accurate—index of market rates for 40′ containers.
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.
The Port of New York and New Jersey is seeing an increased amount of imports, but they are not hitting the truckload market.
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.
The Freightos Baltic Index (FBX) is the world’s leading—and most accurate—index of market rates for 40′ containers.
The Port of New York and New Jersey has announced a container fee on long-dwelling import or export containers, aiming to reduce an excess of empty containers dwelling at the port and free up space for container pickup.
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.
Last year was historically strong for some maritime businesses, terrible for others. No matter what the sector, maritime CEOs made millions.
Kuehne + Nagel continued profit growth in Q2 by charging customers more for extra service to keep supply chains fluid.
All the pipes of trade are connected. If one pipe starts to have empty-container constriction, container prices will be influenced across the board.
America’s goods imports hit a capacity ceiling during the COVID-era boom. Volumes are still bouncing around near the top.
Container shipping spot rates continue to ease but are still many times higher than they were pre-pandemic.
The Biden administration wants to speed an effort unveiled in March to create a first-time freight data exchange for U.S. container shipments.
The Freightos Baltic Index (FBX) is the world’s leading—and most accurate—index of market rates for 40′ containers.
Pennsylvania markets see a drop in volumes but a rise in rejections. Booking volumes for imported maritime volumes are down 11%.
Peak season imports are expected to remain strong but rail delays require ‘immediate’ attention, says Port of LA’s Gene Seroka.
Import market share to LA and Long Beach remains high, but overall imports have decreased.
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.
Nippon Express has launched a multimodal transport service for shipments from the U.S. and Canada to Asia via Mexico.
In the second quarter, new highs were set for Cosco profits, OOCL revenue per container, and Evergreen operating revenues.
The Freightos Baltic Index (FBX) is the world’s leading—and most accurate—index of market rates for 40′ containers.
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.
Lawmakers and shippers urge quick wrap-up of new dockworker labor pact on the eve of the contract deadline.
Spot freight rates are easing, but in a sign of resilience, container-ship charter rates remain near all-time highs.
Container and breakbulk volumes rise as Gulf Coast ports record strong shipping volumes in May.
A flood of newly built container ships will be delivered by shipyards in 2023-25. Can liners maintain pricing power?
Import volumes have not realized the dip in shipping orders yet. What does this mean?
Port Houston awarded $429 million to Weeks Marine and Curtin Maritime Corp. to dredge the Houston ship channel.
Retail sales are still up double digits compared to pre-COVID. Inventory-to-sales ratios have yet to fully recover.
The Freightos Baltic Index (FBX) is the world’s leading—and most accurate—index of market rates for 40′ containers.
Tender rejections out of Ontario are at their lowest point since 2020, and import volume from Japan has increased 90% in the last year.
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.
Inventory growth has forced companies to change their ordering strategy to a more flexible model.
May was one of the busiest months in history for the container ports of Long Beach and Charleston.
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 Freightos Baltic Index (FBX) is the world’s leading—and most accurate—index of market rates for 40′ containers.
The number of container ships waiting off Los Angeles/Long Beach recently sank to 25, the lowest tally since July 2021.
Freightos, a backed by FedEx, is raising capital through a special purpose acquisition company and IPO.
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.
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.
Container shipping spot rates are easing, at least temporarily, and far fewer ships are stuck waiting off U.S. ports.
The Freightos Baltic Index (FBX) is the world’s leading—and most accurate—index of market rates for 40′ containers.
Ocean carrier Hapag-Lloyd sees consumer demand and spot rates slipping, with market highs in the rearview mirror.
First came a pause in cargo bookings to Russia. Now, ocean carriers have halted almost all of their Russian port calls.
Shares of ocean shipping companies have given back much of their 2022 gains after another big sell-off.
‘Right now, we don’t see a huge buildup of volumes because of the closedown in Shanghai,’ reports Maersk CEO Soren Skou.
New container prices, new production, lease rates, lease durations and used container prices are all down.
The Freightos Baltic Index (FBX) is the world’s leading—and most accurate—index of market rates for 40′ containers.
Container-ship transits of the Panama Canal are up as liners favor the East Coast. LNG transits are down as U.S. gas heads to Europe.
Craig Fuller explains the impact of higher diesel prices on the U.S. economy and consumers.
Gulf Coast ports got a boost in March from imports of steel and plywood, and exports of petroleum and crude oil.
New reports from Maersk, Kuehne+Nagel and Drewry point to an ongoing boom for container shipping lines.
Container ship freed from Chesapeake Bay more than a month after it ran aground
Retail stock pickers seem increasingly nervous about shipping. Shares of dry bulk, tanker, container and mixed-fleet owners all fell.
The Shanghai lockdown isn’t following the same supply chain script as the big Chinese disruptions of 2020 and 2021.
The trans-Pacific container trade is vastly different than pre-pandemic, with more ships, more competition, and a new leader: Maersk.
Russian imports via ocean, truck, rail and air are now being simultaneously squeezed. Shipping data shows growing pressure.
The Freightos Baltic Index (FBX) is the world’s leading—and most accurate—index of market rates for 40′ containers.
A torrent of backlogged cargo in China is expected to overwhelm global ports once Chinese authorities end widespread COVID lockdowns.
Tanker, bulker and LNG shipping stocks rise as domestic freight and container stocks face pressure.
STG Logistics has made nearly a dozen acquisitions over the last five-plus years. However, its latest deal for XPO’s intermodal unit is its most transformative yet.
As part of FreightWaves’ The Future of Supply Chain event, QuickLoadz will demonstrate the way it can change how we move shipping containers.
The future of global supply chains is in flux. The pandemic was a game changer. Then came the war.
America’s largest container port, Los Angeles, just posted the best March and best first quarter in its history.
The debate heats up on whether this is the beginning of the end of container shipping’s bull run.
The Freightos Baltic Index (FBX) is the world’s leading—and most accurate—index of market rates for 40′ containers.
Georgia governor hails project to ‘provide the infrastructure our economy needs to thrive’
RH confirms sharp drop in demand since Russia-Ukraine war and sees no supply chain relief.
The ports of Corpus Christi, Galveston and Brownsville will receive federal funding to complete ship channel improvement projects aimed at increasing cargo capacity.
Charter rates hold steady at their peak as the seemingly neverending container shipping boom continues.
Gulf Coast port volumes rose in February, boosted by imports of steel and breakbulk cargo, along with exports of petroleum and crude oil.
Some shipping shares are rising because of war tailwinds. Others are rising despite war headwinds.
The Port of Vancouver handled a record volume of containers in 2021, but the biggest driver was the export of empties headed back to Asia.
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