container

Container vessels stuck at anchor off California are grabbing the headlines. But there's another massive shipping traffic jam out there, one that's holding up even more cargo. This other, less-publicized tale of seaborne gridlock is set in China and it's not about container ships, it's about dry...

Established in India in 2019, the global freight marketplace FreightMango has attracted customers worldwide who struggle to find guaranteed capacity from well-vetted forwarders to support their growing international shipments. "FreightMango acts a bit like Airbnb," said Charley Dehoney, the CEO of...

South Carolina ports moved a record volume of containers in July, the first month of its 2021-2022 fiscal year. The flagship Port of Charleston handled a record 244,831 TEUs in July at the Wando Welch, North Charleston and the Hugh K. Leatherman terminals. That is 38% higher than a year ago and is...

Plaquemines Port announced Wednesday that development partner LA23 Development Co. (LA23 Devco) has secured the site for a future container terminal. The land sits on the west side of the Mississippi River, 50 miles from the Gulf of Mexico, with rail access to both Union Pacific's (NYSE: UNP) and...

On today's episode, Dooner and The Dude are talking about a U.S. company that's suing "collusive" ocean carriers and alleging price manipulation. Jon Monroe, founder, Monroe Consulting, tries to help us make sense of this market and what's going on between shippers and carriers. In the past...

Despite the early-morning hour, 5:15 a.m. Thursday in the Netherlands, the Ever Given "arrived amid great interest," according to a Port of Rotterdam statement.  Normally a container ship's arrival in port does not warrant a press release. But the case of the Ever Given, which will be forever...

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Multi-month container-ship charters continue to be signed at jaw-dropping rates above $100,000 per day. The market is getting even tighter, pushing charter rates and durations higher still. Even so, there's something to be said for shipowners taking a few chips off the table — and some are. To...

Port Houston handled 288,127 twenty-foot equivalent units (TEUs) in May, a 30% increase compared to the same month in 2020. "Cargo means jobs," Ric Campo, chairman of the Port of Houston Authority, said at the port commission meeting Tuesday. "People need their stuff. Somebody's revenue is...

Hapag-Lloyd has doubled its container ship order, commissioning a South Korean shipyard to build six more mega-vessels. Each of the container ships will have a capacity of more than 23,500 twenty-foot equivalent units (TEUs). That's the same size as the six ultra-large ships Hapag-Lloyd ordered at...

In a sign of just how frenzied the container market has become, a freight forwarder is reportedly paying $135,000 per day for a short-term charter of the S Santiago, a container ship with a capacity of 5,060 twenty-foot equivalent units (TEUs). "Charter rates for short employment … have gone out...

Activity at Port Houston rose again in April, showing growth in containers and higher demand for steel, according to the company's release. Container activity at the port increased 25% year-over-year for April with 275,840 TEUs, compared to 221,540 TEUs during the same month in 2019. In March,...

PierPass Inc. said Tuesday its OffPeak program has taken 48 million truck trips out of daytime Southern California traffic since its launch 15 years ago. OffPeak was designed to reduce cargo-related congestion and pollution in and around the ports of Los Angeles and Long Beach by diverting truck...

The views expressed here are solely those of the author and do not necessarily represent the views of FreightWaves or its affiliates.  A recent "surge" in containers from China has created a plethora of bullish headlines signaling a possible turnaround. Well, don't pop the champagne yet. The flow...

DP World has been awarded a 30-year concession for the management and development of the Jeddah South Container Terminal at the multipurpose Jeddah Islamic Port in Saudi Arabia. DP World has operated the South Container Terminal under a lease for more than 20 years, but a new "build-operate-...