By Eric Martin (Bloomberg) — The U.S. trade deficit widened to the third-biggest on record in January as imports surged to the highest since mid-2019. The gap in trade of goods...

By Mike Wackett (The Loadstar) – Major port and landside congestion at US west coast ports could last until the summer peak season, according to ocean carriers attending the JOC’s virtual TPM21 conference...

Seaspan Corporation has announced plans to acquire a pair of 15,000 TEU scrubber-fitted containerships. Seaspan, a wholly owned subsidiary of global asset manager Atlas Corp. (NYSE: ATCO), says the 2019-built...

By Alaric Nightingale (Bloomberg) — Flip this ship. A variation on that buy-low, sell-high strategy is exactly what some container shipowners are opting to do, capitalizing on a hot ocean freight...

The Maersk Eindhoven has departed Japan for the U.S. West Coast after operations to remove damaged and dislodged containers after its cargo loss last month. Maersk Eindhoven lost some 260...

By Thomas Black (Bloomberg) — A cargo traffic jam on the world’s roads, seas and air corridors could easily continue into next year, continuing to increase shipping costs, according to the...

By Brendan Murray (Bloomberg) — A surge of imports into the U.S. economy shows little sign of slowing down, clogging American ports and highlighting ways the pandemic is still causing imbalances...

By Eric Martin (Bloomberg) — The U.S. merchandise-trade deficit widened in January as imports climbed to a record high, signaling a continuing recovery in demand from American consumers. The deficit grew...

By Mike Wackett (The Loadstar) – Higher fuel costs are triggering increases in ocean carrier bunker surcharges, adding more misery for shippers already struggling with record high freight rates and additional fees....

By Kim Bhasin, Jordyn Holman and Henry Ren (Bloomberg) — Overwhelmed U.S. ports, elevated freight costs and accidents that sent goods plunging to the bottom of the ocean are causing headaches...

By Mike Wackett (The Loadstar) – Containership charter rates have hit 13-year highs and shipowners are locking these in with carriers on three- and five-year charters. Alphaliner says the supply of container...

French shipping giant CMA CGM has announced plans to deploy six new LNG-powered containerships dedicated to the China-U.S. market. Group Chairman and CEO Rodolphe Saadé made the announcement at the...

By Mike Wackett (The Loadstar) – Container freight and charter markets are continuing to boom post-Chinese New Year, and analysts expect favourable conditions for carriers and shipowners to last at least into...

By Enda Curran (Bloomberg) — An ongoing surge in the cost of shipping goods around the world is prompting manufacturers and their customers to scramble for cheaper solutions. Exporters, importers and their agents...

By Mike Wackett (The Loadstar) – Ocean carriers are determined to keep container spot rates at their highly elevated levels for as long as possible, as they look to lock in annual...

By Mike Wackett (The Loadstar) – Ocean carriers and containership owners are in the midst of the richest vein for the liner sector in over a decade.  The shipping lines are confidently predicting record...

The U.S. Federal Maritime Commission is ordering ocean carriers and marine terminal operators to supply information to determine if legal obligations related to detention and demurrage practices are being met...

By Brendan Murray (Bloomberg) — The trade gateways in the U.S. Pacific Northwest that handle the flow of containers, cars and commodities are standing out for their calm relative to the...

By Brendan Murray and Kyunghee Park (Bloomberg) — Some of the world’s largest container-shipping lines are ordering new vessels amid surging demand for ocean-cargo services, giving a long-awaited boost to the...

Hapag-Lloyd expects operating profit to more than triple in the first quarter of 2021 on “exceptionally” strong demand for container transportation and higher freight rates, the German shipping line said...