The price of crude oil is now lower than it was when OPEC announced its latest cuts, fueling more concern on tanker demand.
Bed Bath & Beyond got pummeled by the supply chain crisis. The company is now targeting shipping lines for allegedly compounding its woes.
The Europe-U.S. trade held up a lot longer than the Asia-U.S. trade, but trans-Atlantic premiums are now fading away.
Tanker investors have been disappointed before. Is the current stock pullback a bump in the road or something more?
As new container ships flood the market amid weak demand, Drewry expects low freight rates to persist through 2024.
There is growing sentiment that higher trans-Pacific spot rates will not hold and prospects for shipping lines remain weak.
Mainstream tankers have moved into the Russian crude export trade. The price cap might push them back out again.
“We are starting to see ocean carriers systematically take geopolitical risk into consideration,” says Xeneta’s Erik Devetak.
Jefferies’ Omar Nokta believes container shipping investors are starting to look toward “the end of the destock and beginning of the restock.”
Shipco Transport pairs strong company values with deep expertise and broad coverage to deliver concrete results to its forwarder customers.
More Western tankers are jumping into the Russian trade — legally, under the price cap — to pocket big freight premiums.
“Simply put, there’s no bigger priority right now than this contract agreement,” says Gene Seroka of the Port of Los Angeles.
Although import volumes show signs of a nascent recovery, the inventory overhang remains daunting.
First-quarter numbers from container lines Cosco, OOCL and Evergreen show lingering upside from the tail end of the boom.
After labor unrest closed Los Angeles and Long Beach on Friday, ports on the East and Gulf coasts look even more attractive.
Worsening China-U.S. relations underscore how pivotal geopolitics has become to global shipping and trade.
Despite a collapse in freight rates, container shipping is not behaving like an industry facing an imminent crisis.
Crude production cuts are inherently bad for tanker shipping, but analysts are downplaying the fallout.
The trend in container shipping is summed up by the adage, “The higher you climb, the further you have to fall.”
Surging costs after Russia’s invasion of Ukraine could be a taste of things to come as shipping transitions to more expensive “green” fuels.
