America’s goods imports hit a capacity ceiling during the COVID-era boom. Volumes are still bouncing around near the top.
Tankers are very busy loading up with American crude oil and refined products sold to overseas buyers.
Container shipping spot rates continue to ease but are still many times higher than they were pre-pandemic.
Peak season imports are expected to remain strong but rail delays require ‘immediate’ attention, says Port of LA’s Gene Seroka.
From crude tankers to product carriers to dry cargo ships, the largest vessels are earning less than their smaller counterparts.
Southern California ports can’t evacuate import containers fast enough. The backlog has yet again reached critical levels.
There were 125 container ships waiting offshore on Friday, including 36 off Savannah, 24 off Southern California and 20 each off Houston and New York.
In the second quarter, new highs were set for Cosco profits, OOCL revenue per container, and Evergreen operating revenues.
The number of import containers sitting at LA/LB terminals for nine days or more has more than doubled since February.
Spot freight rates are easing, but in a sign of resilience, container-ship charter rates remain near all-time highs.
A flood of newly built container ships will be delivered by shipyards in 2023-25. Can liners maintain pricing power?
Container shipping rates remain far above pre-COVID levels, yet there are more signs of prices easing.
The first half has been phenomenal for product tankers. How much of shipping upside is due to the war?
The drowning of over 15,000 sheep off Sudan is just the latest in a very long line of black marks for livestock shipping.
Retail sales are still up double digits compared to pre-COVID. Inventory-to-sales ratios have yet to fully recover.
America’s peak cargo importing season will start early this year, by the end of this month, says the Port of Los Angeles boss.
Bulk commodity shipping stocks held up well before this month. Now they’re falling alongside container shipping stocks.
Trucks carried more than two-thirds of U.S.-Mexico cross-border freight in March
May was one of the busiest months in history for the container ports of Long Beach and Charleston.
CMA CGM, the world’s third largest liner company, froze spot rates in September-January, yet its revenue per container kept rising.
