U.S. diesel exports to South America’s west coast are heavily exposed to Panama Canal delays. Tanker rates have skyrocketed.
As the Panama Canal scales back on reservation slots, more ships without reservations wait longer to get through.
MSC, the world’s largest shipping line, faces the largest-ever shipper claim for alleged damages suffered during the supply chain crisis.
There has been a surge of attacks and threats targeting Israel-linked ships, including one incident where the U.S. Navy came to the rescue.
Time is running out for container lines as contract rate renewal season nears and spot rates fail to recover.
Panama Canal restrictions force more ships to transit the Bab el-Mandeb Strait off Yemen, where they face a hijacking risk.
The era of rapid Chinese growth and large-scale government intervention is over, says China Beige Book CEO Leland Miller.
Zim’s headline loss looks ugly, but most of the decline was non-cash and it still has ample reserves to weather the downcycle.
A fleet of container vessels is up for sale as a company backed by Greece’s Evangelos Marinakis switches its bets to LNG shipping.
U.S. agribulk exports to Asia are taking the longer route via the Suez Canal due to Panama transit restrictions.
Cargo volumes are holding up, but rising transport capacity is outpacing demand, pushing container shipping rates even lower.
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.
In 1979, South Korea — officially the Republic of Korea — imposed a law reserving 100% of cargo in the country for Korean-only vessels. The decree sparked protests organized by U.S. shippers nervous that the monopoly would raise freight rates.
“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.
