Container Shipping’s Idled Fleet Set to Soar Next Year
By Mike Wackett (The Loadstar) – Just 12 months ago, the 2009-built 4,253 teu Synergy Oakland was preparing to commence a two-month charter
By Mike Wackett (The Loadstar) – Just 12 months ago, the 2009-built 4,253 teu Synergy Oakland was preparing to commence a two-month charter
By Mike Wackett (The Loadstar) – Navigating the container spot rate market has become a minefield for shipper procurement managers under pressure from
The container shipping industry is likely to see significantly weaker profits next year as freight rates continue to normalize, says Fitch Ratings. Container
French shipping giant CMA CGM has reported yet another huge quarterly profit, but uncertain economic conditions, normalizing trade flows and a sharp decline in
By Gavin van Marle (The Loadstar) – Spot container freight rates on the largest deepsea trades rebounded this week, despite continuing weak demand,
By Mike Wackett (The Loadstar) – Ocean carriers are endeavouring to top up their ships from China with heavily discounted spot cargo as their contracted
By Mike Wackett (The Loadstar) – Ocean carriers could be forced to mothball more eastbound transpacific US west coast loops, and the vessels that
As container shipping’s historic pandemic-fueled bull run comes to an end, ocean carriers are entering a period of “managed decline” where
By Mike Wackett (The Loadstar) – The containership charter market bubble appears to have burst, according to MSI’s Horizon report for
Long-term contract rates in container shipping fell for just second time this year in September in what is now the latest sign that the sector’s
By Mike Wackett (The Loadstar) – Maersk has suspended an Asia-US east coast loop, confirming that transpacific ocean carriers are seeing a reduction in
By Jacob Gronholt-Pedersen and Terje Solsvik COPENHAGEN, Sept 29 (Reuters) – A.P. Moller-Maersk’s chief executive said on Thursday he expects a
By Sam Whelan (The Loadstar) – Transpacific ocean rates might be experiencing a “post-Covid plummet”, but US import volumes remain high and lower
By Gavin van Marle (The Loadstar) – After the prolonged container spot rates decline the transatlantic trade has supplanted the transpacific trade as
By Nick Savvides (The Loadstar) – A two-tier market within the container shipping sector is opening up as spot rates in key trades collapse. Carriers
By Mike Wackett (The Loadstar) – The capacity shortage that underpinned skyrocketing ocean freight rates for the past two years has ended and rates will
By Samy Adghirni and Tara Patel (Bloomberg) –French container line giant CMA CGM SA is seeing an across-the-board drop in shipping rates and a
By Mike Wackett (The Loadstar) – Container spot rates from China to Middle East and intra-Asia routes are reported to have “collapsed” this week,
By Mike Wackett (The Loadstar) – The threat of dock strikes at Felixstowe and Liverpool next month, together with the potential resumption of
Oslo-based freight benchmarking and market intelligence platform Xeneta believes long-term container shipping rates may have finally peaked, although they are
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