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.
