FreightWaves • April 3, 2023

Mighty fall: Container line profits plummet from historic peak

The trend in container shipping is summed up by the adage, “The higher you climb, the further you have to fall.”

FreightWaves • April 4, 2023

OPEC+ throws tanker shipping a curveball, shaking confidence

Crude production cuts are inherently bad for tanker shipping, but analysts are downplaying the fallout.

FreightWaves • April 5, 2023

Mixed signals: Container shipping downturn not following the script

Despite a collapse in freight rates, container shipping is not behaving like an industry facing an imminent crisis.

FreightWaves • April 7, 2023

China-Russia vs. US-EU: How global shipping is slowly splitting in two

Worsening China-U.S. relations underscore how pivotal geopolitics has become to global shipping and trade.

FreightWaves • April 9, 2023

LA-LB outlook darkens as labor unrest briefly shutters ports

After labor unrest closed Los Angeles and Long Beach on Friday, ports on the East and Gulf coasts look even more attractive.

FreightWaves • April 10, 2023

Container lines still up vs. pre-COVID despite fall from peak

First-quarter numbers from container lines OOCL and Evergreen show lingering upside from the tail end of the boom.

FreightWaves • April 11, 2023

US imports bounce back in March despite dwindling China cargo

Although import volumes show signs of a nascent recovery, the inventory overhang remains daunting.

FreightWaves • April 12, 2023

Port of LA boss: Good Friday work stoppage was ‘a call to action’

“Simply put, there’s no bigger priority right now than this contract agreement,” says Gene Seroka of the Port of Los Angeles.

FreightWaves • April 13, 2023

European tanker owners make a fortune off Russian oil trade

More Western tankers are jumping into the Russian trade — legally, under the price cap — to pocket big freight premiums.

FreightWaves • April 17, 2023

Container shipping sees signs of a bottom (at least, for now)

Jefferies’ Omar Nokta believes container shipping investors are starting to look toward “the end of the destock and beginning of the restock.”

FreightWaves • April 18, 2023

Geopolitics, container shipping rates and an ominous sign from Taiwan

“We are starting to see ocean carriers systematically take geopolitical risk into consideration,” says Xeneta’s Erik Devetak.

FreightWaves • April 19, 2023

Video: Price cap faces test as Russian crude nears cap

How Russian sanctions have played out so far for tanker markets and energy prices, and what could be in store going forward as the price of Russian crude nears the cap.

FreightWaves • April 21, 2023

Price cap on Russian crude could soon face its biggest test

Mainstream tankers have moved into the Russian crude export trade. The price cap might push them back out again.

FreightWaves • April 25, 2023

Container shipping warning: Green shoots are ‘transitory illusion’

As new container ships flood the market amid weak demand, Drewry expects low freight rates to persist through 2024.

FreightWaves • April 26, 2023

Tanker shipping stocks sink despite talk of looming rate boom

Tanker investors have been disappointed before. Is the current stock pullback a bump in the road or something more?

April 28, 2023

Trans-Atlantic shipping rates keep sinking as imports from Europe fall – FreightWaves

The Europe-U.S. trade held up a lot longer than the Asia-U.S. trade, but trans-Atlantic premiums are now fading away.

FreightWaves • April 24, 2023

As Asia-US shipping rates rise, so does skepticism on staying power

There is growing sentiment that higher trans-Pacific spot rates will not hold and prospects for shipping lines remain weak.

FreightWaves • May 2, 2023

As oil tumbles, marine fuel gets cheaper — and so do tanker stocks

The price of crude oil is now lower than it was when OPEC announced its latest cuts, fueling more concern on tanker demand.

FreightWaves • May 4, 2023

Maersk: Downturn on predicted course, liners acting ‘rationally’

Inventory destocking is the biggest container shipping headwind, says Maersk. Its data shows no evidence of inventory pressures alleviating yet.

FreightWaves • May 6, 2023

What will happen if Russia blocks Black Sea grain ships?

The war has stoked fears of global shortfalls of wheat, corn and fertilizers, but the flexibility of shipping trades has limited the risk.