Thursday, April 8, 2021
AFIF Hapag-Lloyd

Hapag-Lloyd CEO Sees Ocean Shipping Demand Staying ‘Very Strong’

By Brendan Murray (Bloomberg) — Robust demand for shipping goods across the world’s oceans shows no signs of slowing down, the chief executive of Germany’s largest container carrier said, signaling that...

April 8, 2021
Total Views: 2154


Port of Long Beach Had Busiest Month on Record in March

The Port of Long Beach reported its busiest month ever in March as imports continue to pour into U.S. seaports. The Port of Long Beach says the new record comes...

April 8, 2021
Total Views: 1104

Wednesday, April 7, 2021
containers at port of los angeles

Federal Maritime Commission Holds Closed-Door Meeting on Ongoing Ocean Supply Chain Investigation

Federal Maritime Commission held a virtual meeting Wednesday discuss developments in the ongoing fact finding investigation into challenges facing the ocean transportation supply chain system and possible Shipping Act violations...

April 7, 2021
Total Views: 2870


Container Shipping Had Its Best Quarter in History Last Year. 2021 Could Be Even Better

By Mike Wackett (The Loadstar) – Ocean carriers enjoyed their best quarter in container shipping history in the final three months of 2020, but are expected to have significantly topped that record...

April 7, 2021
Total Views: 2428

port of long beach

U.S. Trade Deficit Widened to Record in February

By Olivia Rockeman (Bloomberg) — The U.S. trade deficit widened in February to a record high as solid household and business demand kept imports running ahead of shipments to overseas customers....

April 7, 2021
Total Views: 638

Tuesday, April 6, 2021
port of charleston

South Carolina Ports Sets All-Time Monthly Cargo Record in March

South Carolina Ports handled the most cargo in its history in March, with the Port of Charleston handling record volumes as the new Hugh K. Leatherman Terminal begins operations. SC...

April 6, 2021
Total Views: 1144

Thursday, April 1, 2021
port of long beach

Fitch: Soaring Shipping Costs Add To Near-Term Global Inflationary Pressures

Supply chain bottlenecks in global shipping and semiconductor markets are adding to near-term pressures on inflation, says Fitch Ratings in a new report published Thursday. With global manufacturing demand is...

April 1, 2021
Total Views: 2755

Thursday, March 25, 2021
ever given stranded

Suez Canal Closure Deepens Global Container Crunch

By Jonathan Saul and Lisa Baertlein LONDON/LOS ANGELES, March 25 (Reuters) – The suspension of traffic through the Suez Canal has deepened problems for shipping lines that were already facing disruption and...

March 25, 2021
Total Views: 3471

Thursday, March 18, 2021
london gateway

DP World Optimistic for 2021 Amid Pent-Up Demand

By Alexander Cornwell DUBAI, March 18 (Reuters) – Ports operator DP World gave an optimistic outlook for 2021 on Thursday, citing pent-up demand for cargo and an easing of geopolitical...

March 18, 2021
Total Views: 538

Wednesday, March 17, 2021

Port of Los Angeles Sets Latest Monthly Record

The United States’ top port for containerized imports from Asia reported its best February on record as the nation’s economy continues to bounce back from the pandemic. The Port of...

March 17, 2021
Total Views: 3178


Containership Charter Market Has Gone ‘Bananas’

By Mike Wackett (The Loadstar) Ocean carriers are becoming increasingly confident that freight rates will remain high for years and are still chartering ships for lengthy periods at elevated daily hire rates...

March 17, 2021
Total Views: 11946

Monday, March 15, 2021

CMA CGM Sees $2 Billion Turnaround in 2020

By Mike Wackett (The Loadstar) – CMA CGM has posted a net profit of $1.75bn for 2020, following a loss of $229m the year before, and said it was “confident” about the...

March 15, 2021
Total Views: 3058

Friday, March 12, 2021

CMA CGM Sees Strong Shipping Market Continuing in First Half

PARIS, March 12 (Reuters) – Container shipping group CMA CGM said on Friday that it expected activity to remain strong in the first half of this year after brisk demand for consumer...

March 12, 2021
Total Views: 3216

Wednesday, March 10, 2021
port of long beach

Busiest February on Record for Port of Long Beach as Import Boom Continues

The Port of Long Beach has reported its busiest February on record amid an unseasonable surge in imports amid the ongoing pandemic-fueled cargo boom. The port reported Wednesday that dockworkers...

March 10, 2021
Total Views: 2652

shipping container

Exporters Take Unusual Steps to Ease Shipping Container Shortage

By Ann Koh and Rajesh Kumar Singh (Bloomberg) — Some of the world’s biggest exporters in Asia are intervening to alleviate a shipping container shortage that jeopardizes their overseas trading. Government-owned...

March 10, 2021
Total Views: 3594

Tuesday, March 9, 2021
maersk ship

2M Snubs Congested West Coast Ports

By Mike Wackett (The Loadstar) – To improve schedule reliability, 2M partners Maersk and MSC are to avoid congested US west coast ports with two transpacific pendulum services. From this week, the...

March 9, 2021
Total Views: 2522

Friday, March 5, 2021

Congestion Hits Port of Singapore

By Sam Whelan (The Loadstar) – Major delays have now hit the port of Singapore, with congestion causing vessel turnaround times to more than double and week-long cargo rollovers. Peter Sundara, VP global...

March 5, 2021
Total Views: 4995

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...

March 5, 2021
Total Views: 1441

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: 4186

Wednesday, March 3, 2021

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: 3923