Not all cargo markets are back to pre-COVID “normal.” Container shipping rates to South America remain elevated.
Large liquefied petroleum gas tankers are riding high on rising U.S. exports and higher Chinese import demand.
Bed Bath & Beyond “failed to manage its own supply chain” and “exacerbated the bottlenecks faced by other shippers,” alleges OOCL.
Zim outperformed competitors on the way up and is falling faster than other carriers on the way down.
Convoy’s co-founder and CEO suggests that FreightTech offerings have paved the way to disrupt fragmentation with a new model of shipping: the hybrid carrier model.
Trans-Pacific spot rates have pared earlier gains and remain at loss-making levels. Demand has yet to rebound.
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FreightTech providers are examining disruptive global shipping modifications that would be detrimental without AI’s support.
Europe faced a potentially disastrous energy shortage after war broke out. LNG shipping played a vital role in limiting the fallout.
The latest news for every retail supply chain nerd Attention shoppers and all you retail supply chain nerds. Welcome to Point of Sale: The Newsletter! Here you’ll find all the latest industry deals, tech developments and everything in between regarding shoppers’ interests. I’m Sydney Edwards, the voice in your head and the writer before you. […]
Outsize profits are still flowing to companies like Danaos and Costamare that lease ships to container lines.
The container shipping party is over — that’s old news. Yet headlines continue to focus on comparisons to the peak.
In light of Gordon Lightfoot’s passing, FreightWaves Classics looks at the Edmund Fitzgerald tragedy, as well as whether Lightfoot’s song about the incident is historically accurate
The CEO of shipping line Hapag-Lloyd argues that current freight rates are unsustainable and will correct upward over time.
Is the sharp decline in shipping stocks a canary in the coal mine or an opportunity for investors to buy the dip?
Integrated business planning solutions “enable an organization to respond to changing demand while managing product flow to ensure high customer service,” says ArchLynk CEO Sekhar Puli.
America’s imports are not signaling a recession, at least not yet. Inbound volumes are rising from the bottom.
The war has stoked fears of global shortfalls of wheat, corn and fertilizers, but the flexibility of shipping trades has limited the risk.
While the Panama Canal has played a crucial role in maritime shipping, its construction was fraught with problems. This episode of Tracks Through Time takes a look back on the 119th anniversary of the start of construction.
“Once shippers get up and running on GoodShip, they invite their carriers onto the platform. This creates a multiplayer experience where each party has access to modern analytics, creating a single source of truth,” says CEO Ryan Soskin.
Inventory destocking is the biggest container shipping headwind, says Maersk. Its data shows no evidence of inventory pressures alleviating yet.
The price of crude oil is now lower than it was when OPEC announced its latest cuts, fueling more concern on tanker demand.
Uber Freight, Convoy and J.B. Hunt formed the Scheduling Standards Consortium in December to standardize trade data and synthesize scheduling technology.
Bed Bath & Beyond got pummeled by the supply chain crisis. The company is now targeting shipping lines for allegedly compounding its woes.
This report shares an in-depth overview across the trucking, maritime and intermodal markets.
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?
Download this freight market report and learn why FreightWaves experts are seeing a fairly bleak outlook for the rest of 2023.
As new container ships flood the market amid weak demand, Drewry expects low freight rates to persist through 2024.
The Q2 Freight Sentiment Indexes show carriers lower, brokers higher and shippers about the same despite ample pricing power.
U.S. box shipments are declining at their fastest rate since the worst of the Great Financial Crisis, with trends having deteriorated as the first quarter progressed, according to the third-largest North American containerboard producer.
There is growing sentiment that higher trans-Pacific spot rates will not hold and prospects for shipping lines remain weak.
“The Premier Partner Program expands our carrier family to include an even higher level of qualification of carriers that can meet the needs of participating shippers,” said president George Abernathy.
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.”
Today, automation can mean launching a fleet of autonomous robots that can unload shipping containers without human intervention. In 1974, a remote-controlled “bow boat” was considered a major launch.
More Western tankers are jumping into the Russian trade — legally, under the price cap — to pocket big freight premiums.
Many industries are enjoying high profits from historic inflation. The furniture industry isn’t one of them. Thank the supply chain crisis.
“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.
Transportation Secretary Pete Buttigieg has been lambasted for his performance. Supply chain insiders don’t entirely agree with the criticism.
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.
The lineup of shipping stocks is in flux. There are multiple new listings as well as notable departures.
A fifth of U.S. containerized imports come from Europe. Shipping on this route remains much more expensive than it used to be.
Container shipping just experienced a record boom. Some believe crude and product tankers are poised to follow suit.
Shipowners say they won’t order expensive new dual-fuel tankers without charters. They’re not getting charters, so they’re not ordering.
FreightWaves CEO and founder Craig Fuller and Head of Freight Market Intelligence Zach Strickland discussed global supply chain conditions in the latest “State of Freight” webinar on March 16. They were joined by Adam Josephson, paper and packaging vertical expert at FreightWaves.
Flexport projects trans-Pacific contract rates will decline around 70% from 2022 levels but still be around 30% above current spot rates.
U.S. importers have forsaken their traditional gateway in Southern California. Many may be gone for good.
Tanker capacity for diesel is already tight amid war fallout. With very few ships on order, future transport capacity could fall short.
Quarterly net losses could be around the corner for container lines, but EBITDA will stay high even if carriers dip into the red.
Shipping line Zim could face net losses in the quarters ahead, yet it has a hefty cash cushion to soften the blow.
With virtually no new ships on order and demand strengthening, the tanker business seems poised for a bull run.
U.S. businesses overshot in 2022, importing way more than they needed. The hangover is in full swing, depressing 2023 imports.
Supply chain issues are in the rearview mirror for Fed inflation policy, but for importers, there’s still room for improvement.
Container lines are unable to prop up rates because they haven’t culled enough capacity to compensate for weak demand.
FreightWaves CEO and founder Craig Fuller and Head of Freight Market Intelligence Zach Strickland discussed global supply chain conditions in the latest “State of Freight” webinar. The conversation came at a moment when supply chain participants are waiting to see whether the spring shipping season — which includes Florida and California produce — will be […]
Shipping lines like Hapag-Lloyd have suffered sharp rate falls from the peak, but they’re nowhere near financial distress.
Charter rates are far below the peak but higher than pre-COVID as liners continue to sign new container-ship leases.
Larger crude tankers are moving more U.S. exports on shorter voyages to Europe as long-haul volumes to China stagnate.
After a year of sanctions and “self sanctions,” shipping cargoes caught in the crossfire continue to find their way to buyers.
New Alphaliner data highlights the enormity of new container shipping capacity that’s poised for delivery.
Two container shipping experts give their take on how the hangover after the pandemic boom could play out.
The Baltic Dry Index has fallen 91% since October 2021 to one of its lowest levels ever, yet shipowners remain confident.
Los Angeles continues to face a double whammy of sinking demand and fears over the port labor contract that expired in July.
Ocean carrier revenues fell sharply in the fourth quarter versus the third and continued sinking in January.
Sanctions have split the world’s tanker fleet in two. On one side, those that follow Western rules; on the other, those that don’t.
The e-commerce shipping platform granted its customers access to the last-mile parcel delivery service’s network of logistics assets.
After a bounce in January, containerized imports could drop this month to the lowest level since May 2020.
Ocean carrier Maersk sees a rough second half of the year, when remaining support from contract rates “will disappear.”
Stabilizing truckload market may mean bottom is in
The reversion in spot rates is pulling down contract rates, with a significantly delayed effect on ocean carrier earnings.
The tanker industry has a storied history of corporate showdowns. The latest, a three-way tussle involving Euronav, looks far from over.
The 2M partnership between MSC and Maersk — which is breaking up — is the smallest of the three alliances. The Ocean Alliance is much larger.
Merchants on the Shippo platform can now access FedEx services like Ground Economy without creating a FedEx account.
Container shipping rates from Europe to the U.S. are finally falling, but they’re still exceptionally high.
Russian crude restrictions are having the predicted effect on tanker trades, soaking up more vessel capacity as sailing distance lengthens.
Speculation is swirling on how the end of a global container shipping alliance will affect ocean carriers and cargo shippers.
Shipping services around the globe will be reconfigured after the top two carriers end their vessel-sharing agreement.
“We are proud to be part of this first-in-history interoperability launch between eBOL platforms,” said CargoX founder and CEO Stefan Kukman.
Are falling commodity shipping spot rates the result of normal seasonality or a symptom of global economic malaise?
American imports remain a tale of two coasts, with continued strength in container volumes headed to Atlantic ports.
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Imports continue to decline and are close to where they were before COVID-19, but the coastal mix is very different.
Sanctions on Russian crude exports have yet to boost tanker rates. Some question whether sanctions on Russian diesel will either.
Remaining queues of waiting ships are dwindling, another sign that supply chain pressure is winding down.
The top 10 liner operators hiked aggregate capacity by 13% in 2000-22 and continue to control 85% of the global fleet.
The predicted boost to tanker rates from Russian crude disruptions has yet to materialize. Instead, rates have declined.
Just as the pandemic wound down, another market-altering event for shipping — the Ukraine-Russia war — ramped up.
Container shipping lines are gradually getting their services back on schedule, but they still have a long way to go.
Is the US ready for more arctic shipping?
Trans-Pacific spot rates fell first. Trans-Atlantic spot rates and Asia-U.S. contract rates look like they’re next in line.
Backers of a shipping regulation that begins Jan. 1 believe it will reduce carbon emissions. Critics warn it could backfire and increase them.
