Friday, March 5, 2021
port of los angeles

U.S. Trade Gap Widens to Near Record as Imports Surge

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...

4 hours ago
Total Views: 351

Thursday, March 4, 2021

U.S. West Coast Port Congestion Could Last Until Summer Peak Season

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...

March 4, 2021
Total Views: 1453

Wednesday, March 3, 2021
containership underway

Seaspan Acquires Two Scrubber-Fitted 15,000 TEU Containerships On Long-Term Charters

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...

March 3, 2021
Total Views: 1031


Hot Market Quadruples Prices for Used Containerships

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...

March 3, 2021
Total Views: 3611

Tuesday, March 2, 2021

Maersk Eindhoven Sets Sail for Los Angeles After Last Month’s Cargo Loss

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...

March 2, 2021
Total Views: 4526


Global Cargo Traffic Jam Could Last to 2022

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...

March 2, 2021
Total Views: 2555

port of los angeles cma cgm

U.S. Imports at Full Speed Show Uneven Global Recovery Pace

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...

March 2, 2021
Total Views: 1265

Monday, March 1, 2021

U.S. Goods-Trade Deficit Widens in January as Imports Surge to a Record

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...

March 1, 2021
Total Views: 969

port of rotterdam

Shippers Face Increasing Bunker Surcharges Amid Rising Fuel Costs

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....

March 1, 2021
Total Views: 1006

Friday, February 26, 2021

U.S. Retailers See Millions in Sales Delays Amid Shipping Logjam

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...

February 26, 2021
Total Views: 3212

Thursday, February 25, 2021

Ship Owners Lock In Charter Rates at 13-Year Highs

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...

February 25, 2021
Total Views: 3318


CMA CGM to Deploy Six LNG-Powered Containerships on Transpacific

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...

February 25, 2021
Total Views: 1326

Tuesday, February 23, 2021

U.S. Imports Surge Set to Run Into Summer as West Coast Ports struggle

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...

February 23, 2021
Total Views: 2430

Monday, February 22, 2021
container terminal at port

Shipping Snarls Force Global Trading to Look Outside the Box

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...

February 22, 2021
Total Views: 2027

Friday, February 19, 2021
container ship

Container Rates Buck Usual Post-Chinese New Year Slump

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...

February 19, 2021
Total Views: 4014

Thursday, February 18, 2021

Danaos Sees ‘Outstanding Turnaround’ as Liner Profitablity Boom Continues

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...

February 18, 2021
Total Views: 1715

Wednesday, February 17, 2021
port of long beach

U.S. Federal Maritime Commission to Issue Demand Orders to Ocean Carriers and Terminal Operators on Detention & Demurrage Practices

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...

February 17, 2021
Total Views: 4816


A Rarity Among U.S. Ports, Seattle Still Has Room for More Ships

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...

February 17, 2021
Total Views: 2595


Cargo Boom Fuels $10 Billion Spree for New Containerships

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...

February 17, 2021
Total Views: 2532

Tuesday, February 16, 2021
AFIF Hapag-Lloyd

Hapag-Lloyd Forecasts ‘Very Strong’ First Quarter

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...

February 16, 2021
Total Views: 1305