California offshore traffic jam, Ever Given, Yantian closure, skyrocketing rates and volumes … what’s next for container shipping?
More problems loom for importers of Asian containerized goods and tanker slump could last even longer.
A year and a half after COVID emerged in Wuhan, China’s exporters, liners, shipyards and container factories are all booming.
There has never been a better time to own container ships and lease them to liners. But some owners are selling ships and cashing out.
Americans are spending more on services. Contrary to predictions, this has yet to curb demand for containerized goods.
Spot pricing has surged even higher, propelled by carrier rate hikes and China congestion fallout.
Container Ship Fleet Size by Nationality of Operation
Former chief mate of MSC Gayane gets seven years behind bars for lead role in massive 2019 smuggling operation.
Decision to secure dedicated vessel highlights unprecedented strength of container shipping and risks faced by importers.
Container spot rates spiked again, with new records set. For importers, the worst is yet to come.
Rising fuel costs are yet another woe for containerized cargo shippers, while widening spreads should benefit ships with scrubbers.
Consolidation in the liner sector is already extreme. Newbuild orders will further concentrate market power in fewer hands.
Congestion is cutting liner capacity just as freight rates are at all-time highs, incentivizing carriers to buy or charter more ships.
Environmental regs could extend future dry bulk and tanker upside, while consolidation could change curve of container-shipping cycle.
Retailers at increasing risk of not getting goods from Asia on shelves as ocean transport system hits limit.
Freight forwarder will pay “absolute historic high” to secure container ship as “people are panicking” amid “out of control” market.
Ships at anchor are unlikely to clear by peak season. Congestion is forcing wide-scale voyage cancellations.
How bad is it? A Vietnam-New York slot was just offered at $19,000 per FEU, reveals Flexport’s Nerijus Poskus.
ZIM is the liner most exposed to upside from America’s import binge. It’s taking full advantage of the situation.
With the retail inventory-to-sales ratio still falling, U.S. importers are urged to move fast on their holiday import plans.
