What downturn? US imports still rising, highest since boom
Containerized imports have rebounded strongly in 2023, with October volumes up 33% from February’s low.
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.
The Chapter 11 filing of the ILWU dockworkers union dates back to a dispute over two electrician jobs in Oregon a decade ago.
Just when it looked like West Coast port labor drama had dissipated, the ILWU has filed for bankruptcy protection.
A flood of tanks, military vehicles and weapons systems is flowing from the U.S. to Europe. Shipowner ARC plays a pivotal transport role.
Inflation and economic fallout from the war are curbing demand just as a tidal wave of new ship supply hits the water.
Diesel is an essential fuel for the global economy. The world’s second-largest seaborne supplier, Russia, just halted exports.
The recent rate rebound turned out to be fleeting. As rates deteriorate yet again, shipping lines face mounting losses.
The supply chain crisis is over, but exporters are still paying more — and facing more logistical challenges — than they did before the pandemic.
Shipowner Grimaldi says a Jeep Wrangler used to push non-operating automobiles onto the vessel sparked the deadly fire.