Demand for new containers has been historically high. Even so, the Chinese factories that build the world’s boxes are churning them out efficiently.
Ocean carrier ZIM now expects to earn $4.8 billion-$5.2 billion this year — five times what it earned in 2020.
Port of Los Angeles boss warns: ‘Anchorage and dwell times are trending in the wrong direction.’
Ocean carriers adjust to the partial port closing in Ningbo, China, with minimal disruption so far. Operations could soon return to full speed if COVID remains at bay.
Queue of container ships off U.S. ports keeps building, with months’ worth of peak-season cargo still to unload.
The Freightos Baltic Index (FBX) is the world’s leading—and most accurate—index of market rates for 40′ containers.
Canadian Tire is acquiring a 25% stake in Ashcroft Terminal in a deal that will allow the retailer to move containers from the Port of Vancouver more efficiently, while securing rail capacity.
Plaquemines Port announced it has found the site for its state-of-the-art container terminal that will be able to handle vessels carrying up to 22,000 TEUs.
Port Houston’s biggest international trade partners were China, Mexico and Brazil during the first half of the year.
Bipartisan bill in Congress makes reforms to U.S. shipping regulations for the first time since 1998.
Maersk results offer more evidence that capacity constraints and U.S. — not worldwide — demand drive rates.
A U.S. manufacturer defends its complaint filed against container ship giant MSC with the Federal Maritime Commission despite the carrier’s denial of contract violations.
“Be careful what you wish for,” warns industry expert Lars Jensen of proposals to rein in container shipping’s boom.
Los Angeles’ port boss speaks to American Shipper about congestion challenges — and potential release valves.
Container giant earned $5.1 billion in the second quarter and expects earnings of $18 billion-$19.5 billion for the year.
U.S. inventory-to-sales ratio still historically low as key import source — China — faces growing delta variant risk.
The Freightos Baltic Index (FBX) is the world’s leading—and most accurate—index of market rates for 40′ containers.
An American company has accused foreign ocean carriers of abusing the container market to pad their profits.
Almost no container ships were stuck at anchor when 2020 peak season began. This peak season, terminals are pre-clogged.
We have a new winner in the ocean shipping game of “How High Can Rates Go?” — about 15 times higher than before the COVID crisis.
