Global trade receding? Tell that to shipbuilders
Despite concerns about the impact of international tensions on global trade, shipyards are flooded with orders.
Despite concerns about the impact of international tensions on global trade, shipyards are flooded with orders.
A rise in Chinese imports indicates seasonal trends are playing out as usual, very much unlike 2023’s anemic performance.
If the Fed is deterred from cutting interest rates, freight demand could tumble just as carriers start regaining pricing power.
A recent round of U.S. and British strikes raise fresh questions about the impact of container shipping in the Red Sea.
Seacor Holdings continues to pare down its shipping sector assets, most recently selling off its Caribbean container business.
Hub Group reported year-over-year decreases in its intermodal, logistics and truck brokerage segments during the fourth quarter.
Houthi attacks and Red Sea diversions will not spur inflation or a new supply chain crisis, claims consultancy Drewry.
Supply chain visibility provider Vizion is partnering with D&B to launch its new solution, TradeView.
The Russia-Ukraine war led to enduring changes in shipping routes. War in the Middle East looks likely to do the same.
Ports in Corpus Christi, Texas, and New Orleans recorded year-over-year increases in cargo volumes, while Port Houston saw a slight decline in 2023.
Digital freight forwarder Flexport reportedly may let go of a large part of its staff after closing on $260 million in funding from Shopify.
Spot rates remain very high, but appear to have plateaued. The question ahead: Will they fall back after Chinese New Year?
Lunar New Year and the Suez Canal conflict are having a significant effect on supply chains.
The Port of New Orleans has received a $226 million federal grant to complete the $1.8 billion Louisiana International Terminal on the lower Mississippi.
Monthly canal transits are now much lower than they were in 2015, the year before the Neopanamax locks went into operation.
Container lines faced overcapacity and huge losses in 2024. Then the Houthis flipped the market in favor of container lines.
APM Terminals announced a deal with Plaquemines Port to build a $500 million container terminal near the Port of New Orleans on the Mississippi River.
Houthi attacks have been a plus for shipping rates. The latest to benefit: Owners of container vessels that can be rented to shipping lines.
Maersk has opted to bypass the drought-stricken Panama Canal and use rail to transport cargo across Panama.
The upsurge in rates due to ship diversions did not come soon enough to rescue container lines’ fourth-quarter results.