Importers face massive hike in ocean contract costs
Container lines score huge negotiating advantage as spot-rate surge set to persist through annual contract season.
Container lines score huge negotiating advantage as spot-rate surge set to persist through annual contract season.
ZIM just completed the first U.S. shipping IPO in over five years. Here’s a look back at shipping’s wild multidecade ride on Wall Street.
Asia-U.S. liner sailings are now being canceled because too many container ships are stuck at anchor off California.
In Africa, one seafarer is dead and 15 have been kidnapped. Worldwide, more seafarers are being barred from travel as COVID fears rise.
Nearly 700 dockworkers in California have COVID. Hundreds more are out due to quarantines. Pleas for fast-track vaccinations intensify.
Ocean carrier ZIM has hiked its fleet capacity with new charters and is planning to price its New York IPO next week.
This has been the best January for dry bulk shipping rates in a decade. Is this the long-awaited turning point or yet another head fake?
Higher fuel prices are bad news for box shippers. Higher fuel spreads are good news for owners with scrubber-fitted fleets.
There are more container ships stuck off California than at any time since 2004. What’s behind the pileup? When can it be cleared?
An LNG ship is now earning more than any other vessel in history. Extreme weather in Asia has propelled LNG rates into the stratosphere.
Even after a wave of just-ordered container ships is delivered by yards, cargo shippers are unlikely to see lower freight rates.
A Biden administration teamed with a Democratic Congress should lead to even more stimulus, a recipe for even more container imports.
How surprise Saudi production cuts and escalating Mideast tensions could impact timing of crude-tanker rate recovery.
Like clockwork, liner operators sharply reduce their sailings each year during the Chinese New Year holiday. Not in 2021.
Successful IPO by ZIM would offer investors direct exposure to trans-Pacific freight-rate craziness, but not without risks from debt load.
Asia-U.S. container rates had held firm at a record high since September. Now they’re on the move again — and headed even higher.
A look back at 2020’s shipping roller coaster: how container sector emerged as ‘surprise rock star’ and tankers peaked early, then plunged.
Chances slim for 2021 shipping equity offerings, but a container-liner IPO prospect remains on the table.
Container imports far exceed sales, raising concerns that 2020’s transport binge could lead to a big headache in 2021.
Will your cargo ship arrive on time? Globally, the chances are now 50-50. In the Asia-U.S. container trade, it’s less than one in three.