Zim
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Company earnings
Why Wall Street’s best-performing shipowner is building a war chest
Danaos will stockpile cash from the current boom and spend it on new ships when environmental regs are clearer.
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Company earnings
‘The best quarter ever’ for container shipping giant Maersk
Maersk reveals more details on its shift toward long-term contracts at the expense of spot exposure.
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News
Which shipping stocks rose the most in wake of COVID pandemic?
COVID has been great for stocks. In ocean shipping, container and dry bulk shares rode the wave. Tankers stocks sank.
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Maritime
‘Sky’s the limit’ for already lofty container-ship charter rates
Liners are paying historically high rates to charter ships and maximize their exposure to the booming freight market.
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Container
Container shipping is about to report blockbuster Q1 earnings
As cargo shippers struggle, container-vessel companies rake in massive profits. Early signals point to record Q1 results.
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American Shipper
Maersk adding weekly service to US East Coast
Maersk and ZIM ships are being deployed in response to “customers’ increased cargo demands.”
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American Shipper
Could America’s historic import crunch get even worse?
California’s container-ship traffic jam is slightly less jammed but import pressure remains high. One analyst warns the worst may be yet to come.
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Company earnings
ZIM: US importers buckle, sign contracts early, pay 50% more
Ocean carrier ZIM just released record results and confirmed huge gains for contract rates. So why did its stock sink?
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Maritime
Full steam ahead for Wall Street’s shipping stocks
Container, dry bulk and tanker stocks push forward. Biggest winner since mid-2020: Danaos, up (this is not a typo) 1,202%.
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American Shipper
Digital Container Shipping Association helping shape paperless trade
E-documentation initiative establishes data and process standards for bill of lading preparation and issuance.
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