Friday, October 15, 2021

Rising Rates and Capacity Problems for Shippers Frustrated by Skipped Port Calls

By Mike Wackett (The Loadstar) – Container spot rates from Asia to the US have re-gained traction after China’s Golden Week holiday, while rates to Europe appear to have plateaued and could...

October 15, 2021
Total Views: 1374

Tuesday, October 5, 2021
general cargo bulk ship

Coca-Cola Turns to Bulkers Amid Container Shipping’s Chaos

The chaos in container shipping has forced some brands like Home Depot, Ikea and Costco to get creative with their supply chains. We can now add The Coca-Cola Company to...

October 5, 2021
Total Views: 19365

Monday, September 27, 2021

Maersk Says Port Congestion and Supply Chain Bottlenecks to Persist Through Year-End

China’s October Golden Week, Christmas and Chinese New Year will bolster strong demand for container shipping for the last quarter of 2021. But port congestion, especially in the US and...

September 27, 2021
Total Views: 9730

Friday, September 24, 2021
port of los angeles

Transpacific Spot Rates Ease Ahead of China’s Golden Week Holiday

By Gavin van Marle (The Loadstar) – There were signs of a silver lining finally beginning to appear for beleaguered US shippers this week, after the spot container freight rates to both...

September 24, 2021
Total Views: 720

Thursday, September 16, 2021

Bulker Rates May Go Parabolic Says Genco CEO

By Alex Longley (Bloomberg) An owner of commodity hauling freighters said rates for the ships are close to the point of spiking sharply higher and mirroring an unprecedented surge in costs...

September 16, 2021
Total Views: 1988

Friday, September 10, 2021
cma cgm container ship

Shippers and Forwarders Deride CMA CGM’s Rate Cap as ‘High Level Torture’

By Nick Savvides and Mike Wackett (The Loadstar) – Freight forwarders and shippers have responded to CMA CGM’s pledge to stop spot rate increases until 1 February with a raised level of...

September 10, 2021
Total Views: 2057

Wednesday, September 8, 2021

More Logistics Players Guarantee Space by Chartering Their Own Box Ships

By Mike Wackett (The Loadstar) – Entrepreneurial logistics players are turning away from the highly congested transpacific market to cash in on the equally buoyant but less-congested Asia to Europe trade. Alphaliner...

September 8, 2021
Total Views: 1339

Monday, September 6, 2021

MSC To Increase Its Peak Season Surcharge Between Europe And US

By Mike Wackett (The Loadstar) – MSC is to increase its peak season surcharge (PSS) between Europe and the US by $1,000 per 40ft on 1 October. The Geneva-headquartered carrier said...

September 6, 2021
Total Views: 1130

Thursday, August 12, 2021
brussels express lng ship converstion

Hapag-Lloyd Reports First Half Profit of $3.3 Billion

German liner company Hapag-Lloyd has posted a $3.3 billion profit in the first half of the year amid “very strong demand” for container shipping that isn’t expected to let up...

August 12, 2021
Total Views: 547

Monday, August 2, 2021
port of long beach

U.S. Shipper Accuses Ocean Carriers of Colluding to Raise Spot Market Rates

By Nick Savvides (The Loadstar) – A Pennsylvania-based shipper has lodged a formal complaint against two global shipping lines. In a $600,000 lawsuit filed with the Federal Maritime Commission (FMC) last week,...

August 2, 2021
Total Views: 1499

Thursday, July 15, 2021
port of los angeles-long beach

Container Rates to U.S. Top $10,000 as Shipping Crunch Tightens

By Brendan Murray (Bloomberg) — Container shipping rates from Asia to the U.S. and Europe increased to new record levels over the past week, ensuring transportation costs will stay elevated for companies heading...

July 15, 2021
Total Views: 5015

Saturday, July 10, 2021
jakarta container terminal

Skyrocketing Containership Rates Draw EU Scrutiny

By Aoife White (Bloomberg) Container shipping’s surging rates are getting scrutiny by the European Union, adding to a U.S. call for more competition among shipping alliances. The European Commission “is...

July 10, 2021
Total Views: 2704

Thursday, July 8, 2021
Mumbai Maersk at the Port of Tanjin Pelepas
Maritime News

2021 Container Rates Surge 333% From One Year Ago

By Brendan Murray (Bloomberg) –The cost to ship a boxload of goods to the U.S. from China edged close to $10,000 as the world’s biggest economy keeps vacuuming up imports...

July 8, 2021
Total Views: 5025

Tuesday, June 29, 2021
yantian port

Retail Suppliers Scramble to Secure Christmas Goods as Cargo Delays Worsen

By Lisa Baertlein and Jonathan Saul LOS ANGELES/LONDON, June 29 (Reuters) – Suppliers to Walmart , Target, and other major retailers told Reuters they are placing holiday orders for...

June 29, 2021
Total Views: 3630

Sunday, June 27, 2021
port of los angeles-long beach

Shipping Woes Means You May Want to Christmas Shop Early

By Brendan Murray (Bloomberg) — If it seems like shipping delays and soaring delivery costs aren’t getting any better, it’s because they’re both getting worse. Throughout the pandemic, blame for global...

June 27, 2021
Total Views: 3883

Friday, June 25, 2021
shipping container

Shipper Fury as Container Freight Rates Soar

By Mike Wackett (The Loadstar) – Short-term freight rates from China to North Europe have breached the $20,000 per 40ft mark, while transpacific carriers are quoting rates of up to $25,000 to...

June 25, 2021
Total Views: 19497

Tuesday, June 15, 2021
zim containership

Deutsche Bank Set to Reap $1 Billion on Trader’s ZIM Bet

By Irene García Pérez and Luca Casiraghi (Bloomberg) — Mark Spehn couldn’t join billionaire Idan Ofer at his seaside villa north of Tel Aviv for a June 8 party to mark...

June 15, 2021
Total Views: 2413

Monday, June 14, 2021

Out-of-Control Shipping Costs Fire Up Prices From Coffee to Toys

By Alex Longley, Catherine Bosley and Deirdre Hipwell (Bloomberg) — The skyrocketing price of shipping goods across the globe may hit your pocketbook sooner than you think — from that cup...

June 14, 2021
Total Views: 13175

Tuesday, June 8, 2021

U.S. Maritime Regulator Sees Shipping Snarls Lasting to 2022

By Brendan Murray (Bloomberg) — The top U.S. maritime regulator said stretched global supply chains pushing ocean-freight rates to record highs may stay strained into 2022, raising concerns about whether small...

June 8, 2021
Total Views: 2844

Friday, June 4, 2021
container ship

‘Out of Control’ Box Ship Charter Market Continues Bull Run

By Mike Wackett (The Loadstar) – The box ship charter market is continuing its bull run, with daily hire rates in some sectors now “out of control”, according to Alphaliner. “Charter rates...

June 4, 2021
Total Views: 3023