No Happy New Year for Shippers as Rates Stay Sky High
By Mike Wackett (The Loadstar) – The final Shanghai Containerized Freight Index (SCFI) for 2020, published on 31 December, recorded a staggering 190%
By Mike Wackett (The Loadstar) – The final Shanghai Containerized Freight Index (SCFI) for 2020, published on 31 December, recorded a staggering 190%
What a year! With 2020 coming to a close, we’re taking a look back at the maritime stories that continued to make headlines all year long. IMO 2020 The
Japan-based shipping line Ocean Network Express has announced plans for the long-term charter of the world’s largest containerships. The company has
By Brendan Murray (Bloomberg) – Container shipping, the backbone of the global trading system, is showing signs of fatigue as the pandemic descends
By James Davey LONDON, Dec 17 (Reuters) – Britain’s retailers and food manufacturers have called on lawmakers to urgently investigate ongoing
German container shipping group Hapag-Lloyd has raised its earnings forecast on a better-than-expected fourth quarter. The company said it now expects EBITDA
By Justin Fox (Bloomberg Opinion) — The two busiest ports in the U.S., the neighboring facilities of Los Angeles and Long Beach, have been setting new
LONDON, Dec 2 (Reuters) – Soren Toft on Wednesday started his role as chief executive of Swiss headquartered container group MSC’s shipping and
By Alex Lennane (The Loadstar) – The US Federal Maritime Commission (FMC) has tightened the screws on the three major ocean carrier alliances,
PARIS, Nov 20 (Reuters) – Container shipping group CMA CGM said on Friday shipping activity remained strong in the final quarter of 2020 after a
By Lisa Baertlein LOS ANGELES, Nov 18 (Reuters) – Record cargo imports are causing delays that are rippling from the nation’s busiest U.S. port
SINGAPORE, Nov 18 (Reuters) – Global container shipping rates have surged to records on a spike in restocking demand in the United States and Europe,
By Christian Wienberg (Bloomberg) — A.P. Moller-Maersk A/S has launched a $1.6 billion share buyback program, as the world’s biggest container shipping
By Alastair Reed (Bloomberg) –A.P. Moller-Maersk A/S raised its guidance for a second time since October as the world’s biggest container shipping
By Mike Wackett (The Loadstar) – Container freight rates from Asia to Europe are going through the roof, mirroring the trend on the transpacific, with
By Richard Weiss and Christopher Jasper (Bloomberg) — Freight carriers including container shippers and cargo airlines say global demand is building
By Vera Eckert FRANKFURT, Nov 13 (Reuters) – German container liner Hapag-Lloyd AG is confident of achieving higher earnings in 2020 as lower fuel prices
By Mike Wackett (The Loadstar) – With freight rates soaring, ocean carriers are prepared to pay more than double previous daily hire rates for chartered
By Brendan Murray (Bloomberg) — The humble shipping container has a new status in the Covid-19 pandemic: hot commodity. Shortages of the ribbed steel
By Mike Wackett (The Loadstar) – With shippers facing skyrocketing container freight rates and premium fees across main and secondary trades, ocean
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