Last-minute reprieve: LA/LB delays pulling trigger on congestion fee
Los Angeles and Long Beach hold off on charging highly controversial fee on import containers.
Los Angeles and Long Beach hold off on charging highly controversial fee on import containers.
Rates expected to remain strong into 2022, fallout from new ship deliveries in 2023-2024 to be muted.
Crude and product tankers may be totally different markets, but 2021 proved how connected they are.
Just five days before emergency SoCal container fee is set to begin, offshore traffic jam reaches new heights.
A small number of non-U.S. entities determine vessel and container levels for U.S. ocean supply chains.
Port congestion forced container ships to go faster. Congestion remains extreme, yet ships are slowing down.
Crude-tanker owners continue to pile up huge losses, but hopes are high for next year.
California congestion hits charter rates as ship operators waste millions waiting to get to terminals.
Virtually every U.S.-listed shipping stock fell on a day that the S&P 500 hit a record high.
Maersk expands air business after earning more in a single quarter than in any prior full year.
Trans-Pacific container shipping rates remain exceptionally strong despite a dip earlier this month.
Biden-backed plan to tackle container congestion could make logjam even worse, critics believe.
Media coverage increasingly links consumer price inflation to container shipping and supply chain chaos.
It’s no coincidence that spiking trans-Pacific trade coincides with more boxes overboard and more shipping accidents.
Ocean cargo shippers are paying more than they ever have before for the worst service they’ve ever experienced.
California port congestion is as bad as ever. Some imports have been stranded offshore for over a month.
The ocean shipping boom is spreading across vessel types. Spot LNG shipping rates just topped $150,000 per day.
More public shipping companies go private as IPOs remain rare. Here’s why exits outpace new listings.
Liner deals in the ship-leasing market imply strong confidence in high freight rates for the foreseeable future.
As America struggles with a growing supply chain crisis, ocean carriers rake in even more profits.