FreightWaves Ocean

GCT will sell its terminal operations in Staten Island, New York, and Bayonne, New Jersey, to shipping giant CMA CGM.

Declining ship fuel prices equate to savings for containerized cargo shippers and lower costs for tanker and bulker owners.

Spot shipping rates continue their historic slide, putting even more pressure on container lines’ contract business.

Even if no oil moves under price caps, Russian exports could face deep discounts and continue to flow via “shadow tankers.”

Hopes that China will relax its zero-COVID policy are fading, raising concerns about shipping volume fallout.

Southern California’s container-ship logjam ends as congestion eases at East and Gulf Coast ports.

Ocean carriers have been shielded by lucrative annual contracts with cargo shippers, but contract coverage is starting to crumble.

Stratospheric LNG shipping rates offer a lesson on the do’s and don’ts of measuring earnings momentum.

Global energy trades face even more tumult ahead. “This could get crazy,” says Scorpio Tankers’ Robert Bugbee.

Earnings for Zim, the world’s 10th largest ocean carrier, peaked in the first quarter and continue to slide as rates fall.