Friday, June 4, 2021
Shipping

CMA CGM Reports Soaring Profit of $2.1 Billion in First Quarter

French shipping giant CMA CGM, the world’s number three ocean carrier, reported Q1 2021 net profit of $2.1 billion driven by strong demand for consumer goods which is expected to...

June 4, 2021
Total Views: 7822

Thursday, May 27, 2021
shipping container
Shipping

Container Rates Top $10,000 From Asia to Europe

By Brendan Murray (Bloomberg) — The cost to move goods in a shipping container to Europe from Asia shot above $10,000 for the first time on record, an index showed, underscoring...

May 27, 2021
Total Views: 4036

port of los angeles and long beach
Ports

U.S. Import Boom Hits New Heights with Little Signs of Letting Up

By Gavin van Marle (The Loadstar) – Congestion levels at the major North America container gateways are now expected to persist until the summer, as the consumer-driven import boom continues. April set...

May 27, 2021
Total Views: 1563

Monday, May 24, 2021
autonomous shipping
Shipping

Digital Ocean Freight is 2021’s Biggest Winner

By Nick Carey and Lisa Baertlein (Reuters) – If suppliers in China fail to pick up freight containers to fill an order for MediaShop, Marcel Schneider gets an alert via...

May 24, 2021
Total Views: 4024

Friday, May 21, 2021
Shipping

Federal Maritime Commission Votes to Create New National Shipper Advisory Committee

The U.S. Federal maritime Commission has voted to create a National Shipper Advisory Committee to advise the FMC “on policies relating to the competitiveness, reliability, integrity, and fairness of the...

May 21, 2021
Total Views: 2313

Thursday, May 20, 2021
zim containership
Shipping

ZIM Rides Rising Tide to Record Quarterly Profit

By Gavin van Marle (The Loadstar) Israeli container shipping carrier Zim, recently listed on the New York Stock Exchange, rewarded investors yesterday, reporting first-quarter results that were among some of the best...

May 20, 2021
Total Views: 1174

Wednesday, May 19, 2021
port of los angeles-long beach
Shipping

Forecast Warns Link Between Container Traffic and Global Economic Growth Could Decline in Recovery

By Gavin van Marle (The Loadstar) – As economies continue to rebound, global container trade is expected to grow by 5.8% this year, according to a forecast today from Alphaliner. Recently, the...

May 19, 2021
Total Views: 2829

Monday, May 17, 2021
ONE Container ship
Shipping

Return of Blanked Asia-Europe Sailings as Carriers Bid to Get Back on Schedule

By Gavin van Marle (The Loadstar) – The spectre of blank sailings may be about to return to haunt shippers and forwarders on the Asia-Europe trades, as carrier begin to cancel departures...

May 17, 2021
Total Views: 1617

Thursday, May 13, 2021
Shipping

Containership Time-Charters Break New Records

By Mike Wackett (The Loadstar) – Four-year-plus charter deals are becoming the norm as shipowners ratchet up the pressure on liner companies. As their confidence of the sustainability of currently elevated freight...

May 13, 2021
Total Views: 3106

Wednesday, May 12, 2021
port of los angeles and long beach
Ports

Online Purchasing Drives Port of Long Beach to Record April

The Port of Long Beach reported its busiest April on record as the cargo boom continues. Dockworkers and terminal operators moved 746,188 twenty-foot equivalent units in April for a 43.6%...

May 12, 2021
Total Views: 1181

AFIF Hapag-Lloyd
Shipping

Hapag-Lloyd Reports $1.5 Billion Profit in First Quarter 2021

Germany container shipping company Hapag-Lloyd reported strong start to the year with a net profit of $1.45 billion in the first quarter. This compares to a net profit in the...

May 12, 2021
Total Views: 1348

Tuesday, May 11, 2021
CMA CGM ANTOINE DE SAINT EXUPERY
Shipping

Another ‘New Normal’ as Container Rollover Rates Increase

By Gavin van Marle (The Loadstar) – The number of container rollovers at major box ports continued to climb last month, affecting some 39% of all shipments, according to new data from...

May 11, 2021
Total Views: 7093

Monday, May 10, 2021
container ship at sea
Shipping

Containerships Increasing Speeds as Rates Continue to Climb

By Mike Wackett (The Loadstar) – A new survey by VesselsValue has found a “significant increase” in the average speed of containerships. The maritime valuation and market intelligence service said average laden containership...

May 10, 2021
Total Views: 9062

Thursday, May 6, 2021
shipping container
Shipping

Shippers Brace for Two More Years of Freight Rate Pain

By Mike Wackett (The Loadstar) – Shippers must brace themselves for at least two more years of elevated freight rates and tight supply, according to Drewry. The maritime consultant predicts average rates...

May 6, 2021
Total Views: 4301

Wednesday, May 5, 2021
APM terminals los angeles
Shipping

Maersk Reports Pandemic-Fueled Record First Quarter

The world’s largest container shipping line A.P. Moller – Maersk reported an “exceptionally strong” first quarter, with the company benefitting from strong pandemic-fueled demand and significant disruptions in global supply...

May 5, 2021
Total Views: 1354

Friday, April 30, 2021
one ship
Shipping

ONE Posts $3.5 Billion Profit in 2020

Japanese ocean carrier Ocean Network Express (ONE) reported a profit of nearly $3.5 billion in FY2020 thanks to ongoing the COVID-19 economic recovery starting in the second half of last...

April 30, 2021
Total Views: 2833

shipping container
Shipping

Freight Rate ‘Contagion’ Could Bring a Two-year ‘Profit Bonanza’ for Ocean Carriers

By Mike Wackett (The Loadstar) – Shippers are bracing for a further broadside of rate increases in June across multiple trades, as ocean carriers beef up profits ahead of the peak season....

April 30, 2021
Total Views: 4693

Shipbuilding

CMA CGM Orders 22 Containerships at CSSC

French container shipping group CMA CGM has announced a new order for 22 ships ranging in size and fuel type. The order was placed with China State Shipbuilding Corporation with...

April 30, 2021
Total Views: 5307

Monday, April 26, 2021
maersk ship
Shipping

Maersk Upgrades Full-Year Guidance by Billions

Danish shipping conglomerate A.P. Moller – Maersk A/S announced a big upgrade to its full year guidance for the year due to the “exceptional market situation” happening in container shipping...

April 26, 2021
Total Views: 7115

Friday, April 23, 2021
Shipping

Container Lines Firmly in Control as Market Stays Red Hot

By Mike Wackett (The Loadstar) – Container freight indices are on the rise again, but even at their highly elevated levels they mask the true cost of shipping. For example, the Freightos...

April 23, 2021
Total Views: 10509