Shipping

COVID has been great for stocks. In ocean shipping, container and dry bulk shares rode the wave. Tankers stocks sank.

Chinese container production still trails torrid demand. Ever Given accident was ‘icing on the cake’ — making box shortfall worse.

Now that shipping lines hold the pricing cards, importers must reset strategies, says Sea-Intelligence’s Jochen Gutschmidt.

West Coast congestion could last into the fall as retailers face stockouts on essential goods, says ocean carrier Matson.

Trans-Pacific container crunch is about to become even more severe, warns Flexport, with May sailings now effectively sold out.

The once-stagnant logistics industry has undergone rapid change in recent years. The 2017 electronic logging device mandate sparked something of a technological revolution within the industry. This focus on tech — coupled with outside forces ranging from consumer demand to climate change — has fostered an environment of innovation. Companies that are slow to adapt to new expectations are likely to be left behind. Shippers are no exception.

Liners are paying historically high rates to charter ships and maximize their exposure to the booming freight market.

U.S. importers will be paying a lot more for annual ocean contracts this year, but pricing inflation has eased.

Dry bulk shipping rates are now double to triple five-year averages. Stock prices of dry bulk owners are on the ascent.

Shippers who have a deep understanding of their data, with access to comprehensive models, are the ones most likely to win in today’s shipping environment.

Savannah’s record March underscores why it’s investing hundreds of millions on new capacity upgrades.

U.S. ports just booked their largest import hikes in memory, according to The McCown Report.

Imports into Los Angeles at not slowing down. Can the backlog be cleared before the peak-season swell begins?

More than a third of the crew on the MSC Gayane smuggled cocaine in June 2019. The first prison term has just been handed down.

As cargo shippers struggle, container-vessel companies rake in massive profits. Early signals point to record Q1 results.

Container shipping spot rates haven’t budged from COVID-fueled peaks. Cargo shippers’ hopes for a rate pullback are fading.

Glimmers of hope for the beaten-down tanker sector: more OPEC+ crude production and more long-haul exports from the U.S. to India.

Days after Ever Given backlog was declared cleared, the number of ships waiting to transit the Suez Canal remains high (with video).

Twenty tons of coke was found aboard an MSC ship in 2019. MSC just revealed that it’s spending $100 million more on security in response.

Bad timing: Still-rising cargo demand is coinciding with container-shipping constraints in the wake of the Suez Canal crisis.