FreightWaves • September 29, 2022

Shipping giant Maersk: ‘Significantly less demand’ but ‘no hard landing’

Supply-demand dynamics that supercharged pandemic-era rates are now “exactly the opposite,” says Maersk CEO Soren Skou.

FreightWaves • September 27, 2022

Russian oil exports are still booming and EU is still reliant on Russia

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.

FreightWaves • September 26, 2022

How Hungary could stymie G-7 plan to cap Russia’s wartime oil windfall

The G-7 plan to squeeze Russia’s oil profits hinges on the EU revising its own sanctions — and those changes face opposition.

FreightWaves • September 22, 2022

West Coast ports sink to lowest share of US imports since early 1980s

East and Gulf coast ports handled more volume than ever before in August, pulling far ahead of West Coast rivals.

FreightWaves • September 20, 2022

Red flag: Shipping lines suddenly a lot less interested in renting ships

Container lines are pulling back fast from the ship-leasing market, signaling less confidence in future freight income.

FreightWaves • September 19, 2022

Fall in container spot rates ‘much steeper,’ ‘less orderly’ than expected

Container shipping rates — particularly from Asia to the U.S. — are still falling hard and show no sign of finding a floor.

FreightWaves • September 15, 2022

Imports to Los Angeles, America's largest port, plunged 17% in August

U.S. containerized imports are still near record highs, but not in Los Angeles, where they've fallen sharply.

FreightWaves • September 15, 2022

G7's grand plan to squeeze Russia oil windfall hinges on tanker shipping

“Right now, shipping companies around the world are looking at this and scratching their heads,” says sanctions expert Bruce Paulsen.

FreightWaves • September 13, 2022

LNG shipping rates top $100,000/day, oil tanker rates still rising

Tanker stocks are proving to be a shelter from the Wall Street storm as demand grows for ships that transport oil and natural gas.

FreightWaves • September 12, 2022

US imports keep chugging along, still up double digits vs. pre-COVID

Spot container rates for U.S.-bound cargoes are falling fast, yet import numbers at U.S. ports remain near their peak.

FreightWaves • September 9, 2022

Shipping’s China syndrome: Demand sinks across multiple cargo markets

Shipping volumes are weakening in and out of China. Is this a temporary pullback or a sign of more serious trouble ahead?

FreightWaves • September 7, 2022

Cruel summer for container, dry bulk stocks as sun shines on tankers

Container and dry bulk shares soared last year, leaving tanker stocks behind. This pattern has now reversed.

FreightWaves • September 1, 2022

Tankers could profit if US restricts gasoline and diesel exports

If the U.S. curbed gasoline and diesel exports, tankers would sail longer distances to replace lost volumes — a plus for tanker earnings.

FreightWaves • August 30, 2022

Only 8 ships waiting off Southern California — but 41 off Savannah

California’s container-ship traffic jam is almost gone, replaced by stubbornly high backlogs off the East and Gulf coasts.

FreightWaves • August 25, 2022

Will energy transition lead to boom or bust for crude tankers?

Just two supertankers have been ordered in the past 14 months, raising the risk of a future shortfall in oil transport capacity.

FreightWaves • August 24, 2022

Price of LNG goes stratospheric. Will LNG shipping rates follow?

The Russia-Ukraine war caused demand for LNG to surge. Owners of LNG carriers are in prime position to profit this winter.

FreightWaves • August 22, 2022

The sinking price of ship fuel: Near prewar levels after summer plunge

The cost of marine fuels is down sharply from the wartime peak, except for ‘clean’ LNG, which is getting even more expensive.

FreightWaves • August 21, 2022

Trans-Pacific rates still sinking. Trans-Atlantic rates still peaking

Spot rates on most global shipping routes continue to fall. The trans-Atlantic market is the exception: It’s holding firm near its high.

FreightWaves • August 18, 2022

Despite billions in canceled orders, container imports stay near peak

U.S. imports accelerated in July, with inbound cargo from China reaching a year-to-date high, according to Descartes.

FreightWaves • August 17, 2022

Turning point? Port of LA boss sees imports ‘easing’ lower in August

With East Coast ship queues high, port executive Gene Seroka says: “For cargo owners looking to rechart their course, come to Los Angeles.”