#Bali
Container sector is so hot that ships rent for $200,000/day
You can buy a brand-new Ferrari starting at $250,000. To rent a 12-year-old container ship for a mere three months, it could cost you a lot more than that: as much a...
Port NOLA awards contract for Louisiana International Terminal
The Port of New Orleans (Port NOLA) has awarded a $4 million contract to HDR Engineering Inc. as part of the multiyear due diligence and permitting process for the n...
U.S. Ports See Shipping Logjams Likely Extending Far Into 2022
Leaders of some of the busiest U.S. ports expect congestion snarling maritime gateways to continue deep into next year, as the crush of goods from manufacturers and...
Aurora tankers completes eight-vessel newbuild series
The launch of the 50,000 dwt IMO II MR Chemical Tanker, Maritime Verity is the last in a series of eight vessels. The ship will join a pool of 22 coated chemical tan...
Maersk orders dual fuel ships
A.P. Moller - Maersk has announced it will “introduce the first in a ground-breaking series of 8 large ocean-going container vessels capable of being operated...
Congestion persists at rail terminals servicing imports
Chassis shortages and efforts to dig out containers at rail terminals continue to characterize the rail side of the U.S. import supply chain in some areas, according...
Taiwan's Evergreen Maritime Corp. now has one of world's largest container ships
TAIPEI (Taiwan News) — One of the world's largest container ships, the "Ever Ace", successfully berthed at Taipei Port on Sunday afternoon (Aug....
Beware ‘nasty side effects’ if government targets ocean carriers
As skyrocketing rates squeeze importers and exporters scramble for containers, the push for government intervention is accelerating. What if the U.S. government does...
Global demand isn’t booming. So why are shipping rates this high?
There is no COVID-era surge in global cargo demand. There’s a lengthy albeit temporary spike in congestion compounded by a localized, stimulus-and-savings-driv...
Where Did All the Shipping Containers Go ?
The shipping container that has been the building block of global trade growth is turning into the latest source of frustration for importers and exporters coping wi...
Maersk posts blockbuster Q2 results — and Q3 looks even better
There’s a saying at public companies: “Underpromise and overdeliver.” A.P. Moller-Maersk has apparently taken that credo to heart in 2021. At th...
Containers are being built at a record pace. It’s still not enough
When will the container capacity crunch finally ease? For an early indicator, keep an eye on production of the humble 40-foot dry cargo box. If the volume and cost o...
South African ports chaos sees ships start to reroute
Ships are backing up along the coastline of South Africa, a nation hit by severe civil unrest and a cyber attack on its main port operator this month, plunging ports...
Newbuild prices under pressure as steel plate prices surge
Sharply contrasting fortunes from two Korean conglomerates last week have sparked conjecture on whether newbuild prices will head further north. Hyundai Heavy Ind...
Seaport, maritime transport firms more profitable
Market recovery and larger freights helped Vietnamese seaport and maritime transport enterprises, both state-owned and private, gain bigger profits in the first half...
06 Januari 2025
Hurricane Beryl trims cargo volumes in Houston and New Orleans
25 Januari 2025
Container freight rates tumble
08 Februari 2025