FreightWaves • December 29, 2023

Shipping shares outpaced S&P 500 amid 2023’s rising stock market

Tanker stocks rose as expected in 2023, container shipping shares surprised to the upside, and dry bulk stocks lagged the pack.

FreightWaves • December 27, 2023

How safe is Red Sea? Different shipping lines have different answers

Shipping stocks are under pressure as some ocean carriers show faith in military protection from Red Sea attacks.

FreightWaves • December 26, 2023

Top ocean shipping stories of 2023: War, drought and detours

Ocean shipping kept the world’s cargo flowing amid two wars and disruptions at both the Panama and Suez canals.

FreightWaves • December 22, 2023

US-led forces in Red Sea will be defensive ‘highway patrol’

The key question for container shipping rates: How soon can Operation Prosperity Guardian woo traffic back to the Red Sea?

FreightWaves • December 20, 2023

Red Sea fallout much greater for containers than tankers, bulkers

Container ships have forsaken the Red Sea route but many bulk commodity vessels continue to transit the danger zone.

FreightWaves • December 18, 2023

Red Sea chaos should boost tanker and container shipping rates

A growing number of ship operators are refusing to transit the Red Sea and taking a very long detour around Africa instead.

December 15, 2023

Why attacks on container ships caused container stocks to jump

Container-ship route diversions — first to avoid the Panama Canal, now to avoid Red Sea chaos — could help offset rate pressure from newbuilding deliveries.

FreightWaves • December 13, 2023

Panama Canal transits plunge as larger ships are turned away

Panama’s drought initially affected transits through the smaller locks. The pain has now spread to the larger Neopanamax locks.

FreightWaves • December 12, 2023

FreightWaves’ Greg Miller named best shipping news journalist of 2023

Greg Miller of FreightWaves took a top prize at this year’s Seahorse Awards for his coverage of how geopolitics intersects with shipping.

FreightWaves • December 11, 2023

How Venezuelan invasion of Guyana could impact tanker shipping

As war rages in Europe and the Middle East, a new flashpoint in South America could pose more complications for shipping.

FreightWaves • December 7, 2023

Container shipping outlook 2024: Rising risk of delays, disruptions

Next year, U.S. importers must navigate canal restrictions, diversions from the Red Sea, more canceled sailings and, possibly, a port strike.

FreightWaves • December 7, 2023

US imports dragged down by seasonality, Panama Canal crisis

Imports have held up surprisingly well this year, but peak season’s end and canal restrictions are finally curbing volumes.

FreightWaves • December 6, 2023

America’s energy boom: Crude exports soar to record high

U.S. crude exports have never been higher. Overseas buyers are incentivizing American producers to pump more “black gold.”

FreightWaves • December 4, 2023

‘Astronomical’ gain for dry bulk shipping but rally looks fleeting

Commodity shipping has a well-deserved reputation for extreme volatility. The rise and expected fall in dry bulk is a case in point.

FreightWaves • December 1, 2023

Another Panama Canal red flag: Spiking product tanker rates

U.S. diesel exports to South America’s west coast are heavily exposed to Panama Canal delays. Tanker rates have skyrocketed.

FreightWaves • November 30, 2023

No reservation at Panama Canal? Prepare for a long wait

As the Panama Canal scales back on reservation slots, more ships without reservations wait longer to get through.

FreightWaves • November 28, 2023

Bankrupt Bed Bath & Beyond files $100M+ mega-claim against MSC

MSC, the world’s largest shipping line, faces the largest-ever shipper claim for alleged damages suffered during the supply chain crisis.

FreightWaves • November 27, 2023

Zim container ship diverts as threat to Israel-linked vessels mounts

There has been a surge of attacks and threats targeting Israel-linked ships, including one incident where the U.S. Navy came to the rescue.

FreightWaves • November 24, 2023

‘Dire’ scenario for shipping lines more likely as spot rates fall back

Time is running out for container lines as contract rate renewal season nears and spot rates fail to recover.

FreightWaves • November 21, 2023

Yet another shipping 'chokepoint' risk as Yemen rebels attack

Panama Canal restrictions force more ships to transit the Bab el-Mandeb Strait off Yemen, where they face a hijacking risk.