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
By Kim Bhasin, Jordyn Holman and Henry Ren (Bloomberg) — Overwhelmed U.S. ports, elevated freight costs and accidents that sent goods plunging to the
By Mike Wackett (The Loadstar) – Containership charter rates have hit 13-year highs and shipowners are locking these in with carriers on three- and
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
By Mike Wackett (The Loadstar) – Container freight and charter markets are continuing to boom post-Chinese New Year, and analysts expect favourable
By Enda Curran (Bloomberg) — An ongoing surge in the cost of shipping goods around the world is prompting manufacturers and their customers
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
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
The U.S. Federal Maritime Commission is ordering ocean carriers and marine terminal operators to supply information to determine if legal obligations related
By Brendan Murray (Bloomberg) — The trade gateways in the U.S. Pacific Northwest that handle the flow of containers, cars and commodities are standing
By Brendan Murray and Kyunghee Park (Bloomberg) — Some of the world’s largest container-shipping lines are ordering new vessels amid surging demand
Hapag-Lloyd expects operating profit to more than triple in the first quarter of 2021 on “exceptionally” strong demand for container transportation
By Mike Wackett (The Loadstar) – The 2M alliance has announced a further blank sailing this week from Asia to North Europe to use the vessel on another
Israeli shipping company ZIM has announced a strategic chartering agreement with Seaspan for the long-term charter of ten 15,000 TEU-capacity containership
By Mike Wackett (The Loadstar) – South Korean ocean carrier HMM has posted its first annual profit for five years, despite a decrease in its
By Brendan Murray (Bloomberg) — Companies that violate U.S. supply-chain rules around inundated American ports may be penalized, according to a key
Hong Kong-based containership owner and operator Seaspan has announced it has entered into an agreement with a major shipyard for the construction of two
Hapag-Lloyd says it has concluded its first ever green financing deals for six ultra-large containerships currently on order. The two transactions include a
By Brendan Murray (Bloomberg) — Dockworkers at the busiest U.S. gateway for trade with Asia may soon have better access to coronavirus vaccines, as
By Mike Wackett (The Loadstar) – Yang Ming has taken charge of the fourth in the series of ten 12,690 teu neo-panamax vessels three
By Brendan Murray, Ann Koh and Richard Weiss (Bloomberg) — Soaring freight rates and delivery delays have sparked a global backlash by companies
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