Shipping Lines Hit by Rising Fuel Costs as OPEC Cuts Supply
By Mike Wackett (The Loadstar) – As global freight rates continue to fall, container shipping lines are being hit by a huge spike in fuel costs. This
The Loadstar is fast becoming known at the highest levels of logistics and supply chain management as one of the best sources of influential analysis and commentary.
By Mike Wackett (The Loadstar) – As global freight rates continue to fall, container shipping lines are being hit by a huge spike in fuel costs. This
By Mike Wackett (The Loadstar) – Container spot indices are showing a sea of red ink this week, with short-term freight rates down on all the major
By Mike Wackett (The Loadstar) – The tenth London International Shipping Week (LISW) got under way yesterday with well-attended panel discussions at
By Mike Wackett (The Loadstar) – The world’s largest container line, MSC, is joining in an alliance with tenth-ranked Zim across “multiple trades”,
By Mike Wackett (The Loadstar) – The second-quarter results of the major container lines were significantly down from the year before, but nonetheless
By Mike Wackett (The Loadstar) – Ocean carriers are giving back their recent Asia-North Europe FAK rate increases via heavy discounts for October
By Mike Wackett (The Loadstar) – Container spot rates on the transatlantic came under renewed pressure this week, obliging ocean carriers to cut
By Mike Wackett (The Loadstar) – Mid-sized ocean carriers are losing money and the outlook is particularly bleak for the smaller lines, obliging them to
By Ian Putzger, Americas correspondent (The Loadstar) – Evergreen’s latest addition to its neo-panamax fleet had to offload 1,400 containers to pass
By Martina Li in Taiwan (The Loadstar) – Five South Korean corporations have shown an interest in taking over flagship carrier HMM. State-controlled
By Mike Wackett (The Loadstar) – Container leasing companies reported a slowdown in the return of boxes by ocean carrier customers in the second
By Mike Wackett (The Loadstar) – Transatlantic container rates from North Europe to the US east coast have fallen below pre-pandemic levels after ocean
By Alex Whiteman (The Loadstar) – The U.S. Federal Maritime Commission (FMC) this week unveiled plans for a major shake-up in the collection and return
By Mike Wackett (The Loadstar) – Container spot rates from Asia to the US spiked this week, while carriers managed to halt the decline in short-term
By Mike Wackett (The Loadstar) – With its huge orderbook of 122 ships, for a capacity of 1.24m teu, CMA CGM is on course to overtake Maersk as the
By Charlie Bartlett (The Loadstar) – Global container freight rates are still – marginally – exceeding pre-pandemic levels, according to
By Alex Whiteman (The Loadstar) – Ongoing weakness in container shipping has forced Israel’s Zim to drastically re-evaluate its full-year performance,
By Mike Wackett (The Loadstar) – Container spot rates on the transatlantic took a hammering this week, losing over 20% of their value, and the
By Mike Wackett (The Loadstar) – Maersk is attempting to undo weeks of heavy discounting on the Asia-North Europe tradelane with a substantial increase
By Alex Lennane (The Loadstar) – Ocean carriers have removed almost a quarter of their capacity from the transpacific tradelane in the past year as
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