U.S. ocean line Matson said its terminal joint venture shored up fourth quarter results as container volumes fell on weaker China traffic.
Matson saw its shares gain as a positive outlook for China-related shipping outweighed weaker financial results in the third quarter.
China won’t collect port fees on Chinese-built U.S. cargo vessels.
China will levy port fees on U.S.-flagged and -owned ships, the latest escalation in the trade war with the United States.
Hawaii and other American territories called for changes to the Jones Act, citing unfair economic burdens outside the continental United States.
Matson said earnings were weaker as trade and tariff volatility hit volumes on China routes.
Shares of Matson, the largest U.S.-flag shipping line, are collateral damage in President Donald Trump’s trade war.
Ocean shipping and logistics services provider Matson saw improved third quarter profits as higher China and domestic freight rates offset mixed container volumes. Operating income was $227 million for the three months ended Sept. 30, up from $118 million in the year-ago quarter, the Honolulu-based carrier said in an earnings release. Revenue from ocean transportation […]
Profits being reported by container shipping lines are down from the stratosphere but many still surpass pre-COVID returns.
Despite ongoing controversy over shareholder treatment, analyst Michael Webber says shipping is doing a better job.
Expectations for peak season have waned, but container lines may have bounced off the bottom.
New Alphaliner data highlights the enormity of new container shipping capacity that’s poised for delivery.
Container shipping rates — particularly from Asia to the U.S. — are still falling hard and show no sign of finding a floor.
El índice mundial ha bajado un 44% en los últimos 6 meses, pero sigue siendo 3,4 veces superior a la media anterior a COVID
Port congestion and voyage cancellations by shipping lines are preventing a steeper slide in spot container freight rates.
Los índices de transporte marítimo transpacífico de contenedores al contado de FBX han subido en la última semana
Last year was historically strong for some maritime businesses, terrible for others. No matter what the sector, maritime CEOs made millions.
‘Right now, we don’t see a huge buildup of volumes because of the closedown in Shanghai,’ reports Maersk CEO Soren Skou.
Tanker, bulker and LNG shipping stocks rise as domestic freight and container stocks face pressure.
Some shipping shares are rising because of war tailwinds. Others are rising despite war headwinds.
Tanker stocks favored by retail traders post big gains, while most container and dry bulk stocks hold steady.
Barring an economic downturn, U.S. demand could still be squeezing ports a year from now.
Carrier profits are reaching previously unimaginable heights as supply chain disruptions supercharge gains.
Shares of Zim are flirting with a new peak while shares of ship-leasing, dry bulk and tanker companies lose ground.
Matson set additional emissions-reduction targets Monday. The Hawaii-based shipping company plans to reach its goals by improving efficiency and accelerating zero-carbon fuels and technologies.
As America struggles with a growing supply chain crisis, ocean carriers rake in even more profits.
An in-depth look at CEO compensation in container shipping, bulk shipping and the cruise industry
COVID has been great for stocks. In ocean shipping, container and dry bulk shares rode the wave. Tankers stocks sank.
West Coast congestion could last into the fall as retailers face stockouts on essential goods, says ocean carrier Matson.
Liners are paying historically high rates to charter ships and maximize their exposure to the booming freight market.
Container, dry bulk and tanker stocks push forward. Biggest winner since mid-2020: Danaos, up (this is not a typo) 1,202%.
It’s not just small and midsized importers that face massive contract rate hikes. Even the biggest shippers will feel the pain.
ZIM, newest Wall Street shipping entrant, is riding wave of record-high freight rates. Shares fully recovered from rocky start.
A Biden administration teamed with a Democratic Congress should lead to even more stimulus, a recipe for even more container imports.
Successful IPO by ZIM would offer investors direct exposure to trans-Pacific freight-rate craziness, but not without risks from debt load.
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 shipping stocks are back to pre-COVID levels whereas many tanker and bulker stocks are down by double-digits year-to-date.
The total market capitalization of U.S.-listed ocean shipping stocks has plunged 34% in 2020, but there are reasons for hope in 2021.
The one-two punch of the Pfizer vaccine and Joe Biden’s victory will affect container and tanker shipping in multiple ways.
The trans-Pacific capacity crunch continues. Container volume that’s either inbound to Los Angeles or stuck at anchorage is surging.
U.S.-listed carrier reveals the latest on trans-Pacific holiday rush, restocking, e-commerce spike and port congestion.
Listed carriers are poised to post stellar third-quarter numbers on higher rates and volumes.
Matson has taken delivery of the largest container/roll-on, roll-off ship ever built in the U.S.
In 2020, Matson expects to reap approximately $30 million in financial benefits from new vessels and other infrastructure investments.
Dry bulk spot rates have pulled back from recent highs, while trans-Pacific container rates have held their gains.
Capesize owners were afraid to ballast to Brazil when a key Vale mine was closed. Now there are too few Capesizes in the Atlantic Basin, pushing up rates.
One of the largest eastern U.S. ports is looking to promote the use liquefied natural gas as the marine fuel of the future. The Port of Virginia announced it will become the first U.S. port to join SEA/LNG, an industry coalition aimed at accelerating the adoption of LNG as a marine fuel. Port of Virginia, […]
Geopolitical and trade tensions are having an increasing effect on shipping rates.
There are some positive signs for shipping rates, but overall, disappointment prevails.
U.S.-based container ship operator Matson (NYSE: MATX) reported first quarter 2019 results that were above analysts’ estimates, thanks to strength in the company’s logistics business. The Honolulu-based Matson reported net income of $12.5 million for the first quarter, down from the $14.2 million it reported a year earlier. But earnings per share of $0.29 managed […]
China’s imports record strong third quarter with October data also suggesting more goods on the way.
