FreightWaves Ocean
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Container
Could container shipping rates stay this red-hot until 2022?
Container shipping spot rates haven’t budged from COVID-fueled peaks. Cargo shippers' hopes for a rate pullback are fading.
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Maritime
Light at end of the tunnel for battered tanker trade?
Glimmers of hope for the beaten-down tanker sector: more OPEC+ crude production and more long-haul exports from the U.S. to India.
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Maritime
Suez Canal still not back to normal — but it’s getting closer
Days after Ever Given backlog was declared cleared, the number of ships waiting to transit the Suez Canal remains high (with video).
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Maritime
How shipping giant MSC reacted to billion-dollar cocaine bust
Twenty tons of coke was found aboard an MSC ship in 2019. MSC just revealed that it's spending $100 million more on security in response.
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Container
Demand boom on collision course with ocean transport ceiling
Bad timing: Still-rising cargo demand is coinciding with container-shipping constraints in the wake of the Suez Canal crisis.
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Maritime
Another shipping stock bites the dust as big tanker fleets merge
‘Bigger is better’ is the mantra of public tanker companies. The just-announced INSW-Diamond S merger is a step in that direction.
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Container
US ports, shippers face major fallout from Suez Canal chaos
Suez Canal accident aftermath: Extensive disruptions ahead for key Asia-East Coast container shipping services.
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Maritime
Suez Canal crisis: Here are the cargoes in the crossfire
The longer the Suez saga continues, the greater the container, tanker and dry bulk shipping impacts. There could be big losers — and winners.
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Maritime
What the Suez Canal accident means to the tanker business
Back in the Aristotle Onassis era, a Suez Canal closure was a tanker game changer. Today, tanker upside from the canal accident is limited.
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American Shipper
Could America’s historic import crunch get even worse?
California’s container-ship traffic jam is slightly less jammed but import pressure remains high. One analyst warns the worst may be yet to come.
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