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

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: 4891

Saturday, July 10, 2021
jakarta container terminal
Shipping

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: 2661

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: 4476

Tuesday, June 29, 2021
yantian port
Shipping

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, Amazon.com and other major retailers told Reuters they are placing holiday orders for...

June 29, 2021
Total Views: 3591

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

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: 3840

Friday, June 25, 2021
shipping container
Shipping

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: 19274

Tuesday, June 15, 2021
zim containership
Shipping

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: 2382

Monday, June 14, 2021
Shipping

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: 13131

Tuesday, June 8, 2021
Ports

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: 2827

Friday, June 4, 2021
container ship
Shipping

‘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: 3012

Thursday, May 27, 2021
shipping container
Shipping

Container Rates Top $10,000 From Asia to Europe

By Brendan Murray (Bloomberg) — The cost to move goods in a shipping container to Europe from Asia shot above $10,000 for the first time on record, an index showed, underscoring...

May 27, 2021
Total Views: 4081

Thursday, May 13, 2021
Shipping

Containership Time-Charters Break New Records

By Mike Wackett (The Loadstar) – Four-year-plus charter deals are becoming the norm as shipowners ratchet up the pressure on liner companies. As their confidence of the sustainability of currently elevated freight...

May 13, 2021
Total Views: 3112

Friday, May 7, 2021
brexit port
Shipping

Shippers Compete for Space as Container Freight Rates Continue Rise

By Mike Wackett (The Loadstar) – Shippers from Asia to Europe saw a further spike in container spot rates this week, particularly for Mediterranean ports. And ocean carriers are said to be...

May 7, 2021
Total Views: 6131

Thursday, May 6, 2021
shipping container
Shipping

Shippers Brace for Two More Years of Freight Rate Pain

By Mike Wackett (The Loadstar) – Shippers must brace themselves for at least two more years of elevated freight rates and tight supply, according to Drewry. The maritime consultant predicts average rates...

May 6, 2021
Total Views: 4339

Friday, April 30, 2021
shipping container
Shipping

Freight Rate ‘Contagion’ Could Bring a Two-year ‘Profit Bonanza’ for Ocean Carriers

By Mike Wackett (The Loadstar) – Shippers are bracing for a further broadside of rate increases in June across multiple trades, as ocean carriers beef up profits ahead of the peak season....

April 30, 2021
Total Views: 4728

Friday, April 23, 2021
Shipping

Container Lines Firmly in Control as Market Stays Red Hot

By Mike Wackett (The Loadstar) – Container freight indices are on the rise again, but even at their highly elevated levels they mask the true cost of shipping. For example, the Freightos...

April 23, 2021
Total Views: 10563

Friday, March 26, 2021
container ship at sea
Shipping

Shipping Lines Considering Cape Surcharge for Ships Re-Routed Around Africa

By Mike Wackett (The Loadstar) – Container spot rates from Asia to Europe look set to surge again, as carriers are obliged to blank sailings in response to the Suez Canal blockage....

March 26, 2021
Total Views: 4851

Friday, March 19, 2021
port of rotterdam
Shipping

Carriers ‘Cherry-Picking’ as Rates Continue to Head North

By Mike Wackett (The Loadstar) – Container spot rates from Asia may have eased slightly from their record highs, post-Chinese new year, but rates for backhaul and secondary trades continue to head...

March 19, 2021
Total Views: 1302

Saturday, July 4, 2020
container ship terminal
Maritime News

Wild Swings in Freight Rates the New Normal Amid Uneven Recovery

By Ann Koh (Bloomberg) –Sharp swings in container freight rates are likely to continue this quarter as shipping companies struggle to gauge demand amid an uneven global recovery from the...

July 4, 2020
Total Views: 27

Friday, May 24, 2019
hyundai containership
Maritime News

Carriers Blank More Sailings as Transpacific Box Rates Continue to Slide

By Gavin van Marle (The Loadstar) – A blanked sailing from the 2M+HMM grouping on the transpacific this week failed to halt the further erosion of freight rates to both...

May 24, 2019
Total Views: 19