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...

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...

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...

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...

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...

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...

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...

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...

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...

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%...

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...

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...

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...

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...

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...

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...

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....

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...

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...

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...