Demand for Asian goods began dropping earlier this year. This is now having a delayed — and highly negative — effect on U.S. imports.
Major ocean carriers are likely to survive the ongoing dip in shipping rates. But other companies may soon struggle.
Shipping adheres to a time-honored tradition: When shipowners make exceptionally high profits, they order a lot of new vessels. When those newbuilds are delivered by the yards, it kills shipowners’ profits. Such boom-and-bust behavior has been de rigueur for over a century. As London shipbroker J.C. Gould, Angier & Co. wrote in 1894: “The philanthropy […]
With war raging and pipelines sabotaged, shippers are paying astronomical sums to transport LNG across the oceans.
Measures of supply chain bottlenecks, cargo transit times, bookings and spot rates are all down, yet inflation remains historically high.
Driver turnover is expensive, and trucking operators cannot afford to keep turning over virtually their entire workforces on a yearly basis if they hope to bolster their bottom lines.
Supply-demand dynamics that supercharged pandemic-era rates are now “exactly the opposite,” says Maersk CEO Soren Skou.
One area that carriers have emphasized this year is “ugly freight” – or non-conveyable shipments. These are packages that are hard to put through their automated systems.
The EU is going to ban imports of Russian crude and petroleum products. It still has a long way to go to find replacement supplies.
The G-7 plan to squeeze Russia’s oil profits hinges on the EU revising its own sanctions. Those revisions face opposition.
East and Gulf coast ports handled more volume than ever before in August, pulling far ahead of West Coast rivals.
Retailers are coming together to send demand signals for zero-carbon shipping fuels.
USPS Holiday preparations
Container lines are pulling back fast from the ship-leasing market, signaling less confidence in future freight income.
Container shipping rates — particularly from Asia to the U.S. — are still falling hard and show no sign of finding a floor.
By consolidating storage and utilizing 3D robotics, Attabotics’ bin-carrying robot makes its commercial debut as part of the world’s first 3D robotics supply chain system.
U.S. containerized imports are still near record highs, but not in Los Angeles, where they’ve fallen sharply.
“Right now, shipping companies around the world are looking at this and scratching their heads,” says sanctions expert Bruce Paulsen.
Tanker stocks are proving to be a shelter from the Wall Street storm as demand grows for ships that transport oil and natural gas.
Spot container rates for U.S.-bound cargoes are falling fast, yet import numbers at U.S. ports remain near their peak.
