CMA CGM victim of cyberattack
The French shipping giant’s network is down.
The French shipping giant’s network is down.
Marine fuel prices are down 30% year-on-year despite the IMO 2020 regulation.
Bullish signal: Strong demand for box equipment extends into 2021.
Analysts point to upside prospects for container-ship stocks as charter rates rebound.
Ocean shipping stocks remain mired in a sea of red. A bad year is getting worse.
China could decide enough is enough if trans-Pacific rates rise too high.
New Panjiva survey reveals extent of coronavirus fallout on global supply chains.
The Freightos Baltic Index (FBX) is the world’s leading—and most accurate—index of market rates for 40′ containers.
As prosecutors rack up guilty pleas in 2019 case, more coke crosses via ship from South America to Europe in 2020.
U.S. importers now paying three times more per mile than Europeans for transport of Chinese goods.
CMA CGM bonds that traded at 55 cents on the dollar in March are now trading near par.
McKinsey warns that global shocks will become more frequent and shippers must improve the resiliency of their supply chains.
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Layoffs loom. Maersk maintains changes are not about cutting costs amid COVID, but about improving service.
U.S. importers turn to Chinese sellers in the wake of COVID.
Good news: Ocean volumes are recovering from COVID.
New normal for container shipping: active capacity management and digital spot bookings.
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COVID-19 could ignite geopolitical clashes and cause “meltdown” in U.S. consumer demand.
Asia-U.S. ocean freight rates are hitting record highs as import demand outpaces vessel supply.