#Import
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...
Major shipping delays tie up millions in our cashflow, say Hong Kong BCOs
Shipping delays in Hong Kong are causing “big trouble” for local manufacturers, tying up millions of dollars in cashflow. According to Steve Chuang, depu...
MSC warns of international intermodal impacts on West and East coasts
Ocean carrier MSC reports that U.S. freight railroads have started to reduce import rail traffic at the ports of Los Angeles and Long Beach as well as New York as th...
Carriers need to cover soaring costs in congested Aussie/NZ trades says ANL
Port congestion, sky high charters and booming import demand means little prospect of freight rate respite for shippers in Australia and New Zealand. According to Sh...
Container Ships In High Demand as Rates Skyrocket
The container ship segment has exploded over the past couple of months and along with it, so has demand for container carriers. According to Intermodal’s lates...
Full steam ahead: Why container ships are racing across the Pacific
There are almost no container ships in the world left for liners to charter. Secondhand purchase prices are through the roof. It takes two years or more to get a new...
Cosco splashes $1.5bn on ten boxships at CSHI
Chinese shipping giant Cosco has entered into contracts with affiliate shipbuilder Cosco Shipping Heavy Industry Yangzhou for the construction of ten containerships....
Cyprus Maritime seals the containership deal of the year
In a year where seemingly every last transaction sets a new container shipping S&P record, Cyprus Maritime has pulled off an extraordinary coup. The Cypriot o...
01 September 2024
Container Prices Double, Leasing Rates Triple in China
04 September 2024
Maersk sets new bar with shipping’s first climate target validation
06 September 2024
Port of Los Angeles Reports Another Busy Month for Cargo Volumes
09 Agustus 2024