Ocean carriers have been shielded by lucrative annual contracts with cargo shippers, but contract coverage is starting to crumble.
Earnings for Zim, the world’s 10th largest ocean carrier, peaked in the first quarter and continue to slide as rates fall.
The Freightos Baltic Index (FBX) is the world’s leading—and most accurate—index of market rates for 40′ containers.
The head of Los Angeles’ port is on a worldwide sales blitz, trying to convince shippers and carriers to come back.
Drop in imports from China in recent months comes on the heels of years of gains by exporters in the rest of Asia.
Container shipping fundamentals are not as bad as spot rates imply, says the head of the world’s fifth-largest ocean carrier.
Cargo misdeclaration may save a shipper money on freight rates, but this underhanded act threatens the lives of those who provide the transportation.
Imports remain 7% higher than pre-pandemic levels, with volumes steadying last month after September’s plunge.
Maersk’s guidance implies fourth-quarter earnings will plunge 39% compared to the third-quarter peak.
The Freightos Baltic Index (FBX) is the world’s leading—and most accurate—index of market rates for 40′ containers.
Spot rate indexes look like they’re stabilizing — at least temporarily — after double-digit plunges in August and September.
Kuehne+Nagel is the largest logistics company in the world. It sees opportunities to capture more business as shipping demand falls.
Rolf Habben Jansen, CEO of ocean carrier Hapag-Lloyd, gives his take on the “bullwhip effect,” rates and global trade.
Shipping lines face a minefield of surging capacity and sinking demand, but there is a path to safety, claims one industry expert.
Southern California ports are being hit by double-digit import drops as the COVID-19 cargo boom winds down.
As container shipping stocks get battered by collapsing rates, tanker shares could be poised for a long bull run.
The Freightos Baltic Index (FBX) is the world’s leading—and most accurate—index of market rates for 40′ containers.
This week: J.B. Hunt launches a scholarship program for employee dependents and grandchildren, Maersk’s rainbow container is enjoyed by employees in Cape Town, South Africa, and Schneider receives its 14th Ride of Pride truck.
Declining imports have led to fewer container ships waiting off ports, injecting more capacity into the market, a negative for spot rates.
New disclosures by Asian ocean carriers confirm that container shipping lines remain extraordinarily profitable.
