FreightWaves • December 30, 2022

Chance that container ship arrives on time is still a coin toss

Container shipping lines are gradually getting their services back on schedule, but they still have a long way to go.

FreightWaves • December 27, 2022

Container shipping’s ‘big unwind’: Spot rates near pre-COVID levels

Trans-Pacific spot rates fell first. Trans-Atlantic spot rates and Asia-U.S. contract rates look like they’re next in line.

FreightWaves • December 22, 2022

New shipping regulation to combat global warming is under fire

Backers of a shipping regulation that begins Jan. 1 believe it will reduce carbon emissions. Critics warn it could backfire and increase them.

FreightWaves • December 19, 2022

Shipping giant MSC faces more fallout from cocaine cases

The U.S. could seek forfeiture of the MSC Gayane, a large ship involved in an infamous smuggling operation, says Bloomberg Businessweek.

FreightWaves • December 19, 2022

2022’s top shipping stories: Container boom ends, war fuels tankers

Just as the pandemic wound down, another market-altering event for shipping — the Ukraine-Russia war — ramped up.

FreightWaves • December 15, 2022

LA/LB imports drop double digits; slump predicted through spring

Containerized imports to the ports of Los Angeles and Long Beach have now fallen well below pre-COVID levels.

FreightWaves • December 12, 2022

Plunge in US imports accelerates; volumes near pre-COVID levels

November saw another double-digit drop in America’s containerized imports, driven by sinking volumes from Asia.

FreightWaves • December 8, 2022

China’s surprise COVID pivot offers new hope to shipping markets

Faster easing of China’s COVID restrictions could provide eventual support for container and dry bulk markets and a more immediate boost for tankers.

FreightWaves • December 7, 2022

CMA CGM buys New York/New Jersey terminal operations from GCT

GCT will sell its terminal operations in Staten Island, New York, and Bayonne, New Jersey, to shipping giant CMA CGM.

FreightWaves • December 5, 2022

Price of ship fuel falling even as Russia-Ukraine war rages on

Declining ship fuel prices equate to savings for containerized cargo shippers and lower costs for tanker and bulker owners.

FreightWaves • December 2, 2022

Container shipping rates still sinking, no sign yet of market floor

Spot shipping rates continue their historic slide, putting even more pressure on container lines’ contract business.

FreightWaves • December 1, 2022

Could Russia sanctions work in practice even if they fail on paper?

Even if no oil moves under price caps, Russian exports could face deep discounts and continue to flow via “shadow tankers.”

FreightWaves • November 28, 2022

Shipping stocks in the crosshairs as China fears mount

Hopes that China will relax its zero-COVID policy are fading, raising concerns about shipping volume fallout.

FreightWaves • November 23, 2022

Zero ships waiting off Southern California, 59 off other ports

Southern California’s container-ship logjam is gone and congestion is easing at East and Gulf Coast ports.

FreightWaves • November 22, 2022

Plunging spot rates drag down container shipping contract rates

Ocean carriers have been shielded by lucrative annual contracts with cargo shippers, but contract coverage is starting to crumble.

FreightWaves • November 21, 2022

What do crazy $500,000-per-day rates say about shipping demand?

Stratospheric LNG shipping rates offer a lesson on the do’s and don’ts of measuring earnings momentum.

FreightWaves • November 19, 2022

Chaos theory: How tankers thrive amid energy crisis and war

Global energy trades face even more tumult ahead. “This could get crazy,” says Scorpio Tankers’ Robert Bugbee.

FreightWaves • November 15, 2022

Los Angeles imports keep sinking as East Coast gains more ground

The head of Los Angeles’ port is on a worldwide sales blitz, trying to convince shippers and carriers to come back.

FreightWaves • November 14, 2022

US imports from China falling faster than from other countries

Drop in imports from China in recent months comes on the heels of years of gains by exporters in the rest of Asia.

FreightWaves • November 10, 2022

Hapag-Lloyd CEO: Container market volatile but not collapsing

Container shipping fundamentals are not as bad as spot rates imply, says the head of the world’s fifth-largest ocean carrier.