The agreement should keep tanker and bulker orders in check, while increasing the risk of a future carbon tax on container shippers.
June volumes of containerized imports were higher than normal and the National Retail Federation predicts more gains ahead.
U.S. imports via Canadian ports face rising fallout as the war of words escalates between dockworkers and employers.
New Jersey container imports are unscathed “so far” but the port’s automobile trade faces fallout from the ongoing fire.
Sluggish demand is capping shipping lines’ income. In response, at least one carrier is reportedly moving to limit losses on legacy charters.
Declining demand for Chinese exports and reduced stimulus options threaten bulk commodity import prospects.
The Wagner mutiny is drawing attention to what happens after the war in Ukraine ends. When it does, shipping will see major changes.
Concerns over highly dilutive share offerings by microcap shipowners have been building for years. The debate just intensified.
Trans-Pacific spot shipping rates remain under pressure, slumping back again as U.S. import demand comes up short.
The International Energy Agency predicts Asia will buy growing volumes of U.S. crude through 2028. That’s good news for supertanker demand.
The U.S. supply chain has dodged a bullet. A new dockworker labor deal will keep the peace at West Coast ports.
“Patience is wearing thin. Neither side imagined it would take this long,” says the head of the Port of LA on dockworker contract talks.
Mainstream European tanker owners that are willing to load Russian oil are far outperforming the broader market.
This year’s peak season could see West Coast labor disruptions coincide with Panama Canal water levels impeding cargo flows to the East Coast.
Dockworkers who keep West Coast cargo flowing are highly paid. Their bid for even higher pay is starting to affect the cargo flow.
Demand remains tepid, yet shipping lines have pushed spot rates off the bottom and secured contract rates above spot levels.
The dockworkers’ union and terminal employers are still sparring over wages and benefits more than a year after contract talks began.
Five years after bringing dry bulk freight futures to the masses, Breakwave makes a splash in tanker investing.
Older ships are being kept in service longer in pursuit of profits, heightening the risk of accidents and spills.
Despite a slow Memorial Day start, summer demand is expected to hike tanker rates in the months ahead.
