FreightWaves Ocean

Time is running out for container lines as contract rate renewal season nears and spot rates fail to recover.

Panama Canal restrictions force more ships to transit the Bab el-Mandeb Strait off Yemen, where they face a hijacking risk.

Terminal operator ICTSI has not given up its quest for tens of millions in damages from the West Coast longshore union.

The era of rapid Chinese growth and large-scale government intervention is over, says China Beige Book CEO Leland Miller.

Zim’s headline loss looks ugly, but most of the decline was non-cash and it still has ample reserves to weather the downcycle.

A fleet of container vessels is up for sale as a company backed by Greece’s Evangelos Marinakis switches its bets to LNG shipping.

U.S. agribulk exports to Asia are taking the longer route via the Suez Canal due to Panama transit restrictions.

Cargo volumes are holding up, but rising transport capacity is outpacing demand, pushing container shipping rates even lower.

Containerized imports have rebounded strongly in 2023, with October volumes up 33% from February’s low.

The union representing East and Gulf Coast dockworkers warned members to prepare for a possible strike starting Oct. 1, 2024.

“This is not a diet. This is a resetting of the baseline,” said Maersk CEO Vincent Clerc on his company’s job cuts.

The water crisis at the Panama Canal is getting worse and will force more ships to take much longer routes.

Profits being reported by container shipping lines are down from the stratosphere but many still surpass pre-COVID returns.

Now that port labor unrest is over, West Coast container terminals are starting to claw back some of their lost volumes.

Cosco earned more than $800 million in the third quarter, while one analyst expects Zim to lose more than $200 million.

A leading exec in liquefied gas shipping gives his take on war in the Middle East, market fundamentals and shipping stocks.

The volume of Russian crude exports is growing and the price is rising, spurring the U.S. and its partners to begin sanctions enforcement.

Peak season demand propelled imports higher in September, although softening spot rates point to a fourth-quarter slowdown.

Tanker giant Frontline is poised to dramatically expand its fleet, while Euronav is on a path to privatization.

Investors have been burned for years by dilutive share offerings by micro-cap shipowners. Backlash is building.