Inventory destocking is the biggest container shipping headwind, says Maersk. Its data shows no evidence of inventory pressures alleviating yet.
In 1975, two identical ore/bulk/oil (O/B/O) ships underwent efficiency experiments. During one of these experiments, a new propeller concept broke midjourney, but the ship continued its duty with no changes in performance and the crew had no idea until it reached its destination.
Further downside risks to the U.S. economy make the odds of a rebound in containerized import volumes unlikely.
The Freightos Baltic Index (FBX) is the world’s leading—and most accurate—index of market rates for 40′ containers.
Bed Bath & Beyond got pummeled by the supply chain crisis. The company is now targeting shipping lines for allegedly compounding its woes.
This report shares an in-depth overview across the trucking, maritime and intermodal markets.
The Europe-U.S. trade held up a lot longer than the Asia-U.S. trade, but trans-Atlantic premiums are now fading away.
A collision on the seas involving an American shipping company sparked a heated letter exchange about who was responsible. This fight surprisingly led to the mending of U.S. and China maritime trade.
Cargo flow fell slightly at ports in Houston and New Orleans in March but increased at the Port of Corpus Christi in South Texas.
As new container ships flood the market amid weak demand, Drewry expects low freight rates to persist through 2024.
There is growing sentiment that higher trans-Pacific spot rates will not hold and prospects for shipping lines remain weak.
“We are starting to see ocean carriers systematically take geopolitical risk into consideration,” says Xeneta’s Erik Devetak.
Jefferies’ Omar Nokta believes container shipping investors are starting to look toward “the end of the destock and beginning of the restock.”
The Freightos Baltic Index (FBX) is the world’s leading—and most accurate—index of market rates for 40′ containers.
“Simply put, there’s no bigger priority right now than this contract agreement,” says Gene Seroka of the Port of Los Angeles.
Parallel Systems is proceeding with the next step in its development of autonomous rail vehicles, which is to test having multiple vehicles strung together and see how these vehicles can integrate into the existing freight rail network.
Although import volumes show signs of a nascent recovery, the inventory overhang remains daunting.
First-quarter numbers from container lines Cosco, OOCL and Evergreen show lingering upside from the tail end of the boom.
After labor unrest closed Los Angeles and Long Beach on Friday, ports on the East and Gulf coasts look even more attractive.
Worsening China-U.S. relations underscore how pivotal geopolitics has become to global shipping and trade.
