Trans-Pacific traffic snarl is bicoastal: More container ships waiting off Shanghai and Ningbo than Southern California.
Nike shoes may symbolize speed on the track, but its business has been slowed by shipping and production delays.
One of the largest container terminals in Southern California is testing a system for 24-hour cargo pickup.
Southern California ports would need two weeks with zero vessel arrivals to clear logjam — but the ships keep coming.
Port Houston saw a spike in imports and exports of steel and imports of general cargo during the month.
Dry bulk shares suffer double-digit declines, with tanker and container stocks also caught up in the sell-off.
“One of the most remarkable asset plays in recent memory.” – Ship brokerage Compass Maritime
Liner profits still rising: second half looks stronger than first and Deutsche Bank sees even higher earnings next year.
The port recently added more Asia vessel calls as more shippers seek uncongested gateways servicing North American markets.
The Freightos Baltic Index (FBX) is the world’s leading—and most accurate—index of market rates for 40′ containers.
Supply chain crisis deepens as more imports snared in historic ship queue off Los Angeles/Long Beach.
Ocean carrier detention and demurrage practices will be the target of an upcoming proposed rule from the Federal Maritime Commission.
Container ships named The Brady, The Belichick and The Gronk just sold for six to eight times their purchase price, spurring a nine-figure payday.
Dry bulk and LNG shipping stocks now at 52-week peaks with container stocks not far from the top.
Demand for container ships is so extreme that some operators are paying unprecedented sums to rent them.
In unprecedented move, CMA CGM unilaterally halts rate increases until February amid rising global supply chain chaos.
Recent earnings reports from retailers exhibited improved inventory positions compared to a year ago. However, the comps show merchandise levels are still lagging sales by a wide margin.
The maritime meeting among trade partners comes as container shipping remains hot.
Plans for the Louisiana International Terminal call for a 350-acre container facility capable of handling 2 million twenty-foot equivalent units annually.
New details on record 2019 cocaine haul aboard MSC Gayane — which may not have been the first run — as U.S. wraps up convictions.
