container ships

There are over 60 container ships full of import cargo stuck offshore of Los Angeles and Long Beach, but there are more than double that — 154 as of Friday — waiting to load export cargo off Shanghai and Ningbo in China, according to eeSea, a company that analyzes carrier schedules. The number of...

Huge profit gains in ocean shipping have become commonplace this year. But Ocean Network Express' year-over-year profit increase — 1,432% — is still attention-grabbing.    For its fiscal 2021 first quarter, ONE recorded profit of $2.559 billion, a $2.39 billion gain from the $167 million posted in...

The blows to the global supply chain never seem to end in 2021, resulting in delays that have sharply reduced the system's effective capacity and put upward pressure on shipping rates that began reaching record highs months ago. Purchasing ocean transportation has become so expensive that many...

There are almost no container ships in the world left for liners to charter. Secondhand purchase prices are through the roof. It takes two years or more to get a newly built ship. How can liners find more capacity? There is a way — without adding ships — for liners to move more cargo and take even...

On today's episode we're talking about the impact that the "box that changed the world," aka the shipping container, made on global trade and our everyday lives. Adam Robinson dials in to tell us all about GlobalTraz purchase of Cerasis Plus, news about the Phase One trade deal, spending on supply...

The European Commission (EC) has concluded that container shipping's consortia block exemption regulation (BER) does not damage competition and should be extended for an additional four years. The Consortia Block Exemption Regulation, the de facto legislation covering liner alliances and vessel-...

About 60 container ships are waiting to call at ports in the U.S. Southeast and Caribbean as they ride out Hurricane Dorian. Some are expected to call over the weekend as the storm passes through the region, while others are being diverted to other ports.  The U.S. National Hurricane Center said...

It's getting more expensive for liner companies to move containers from Point A to B, not just because of fuel cost, but also because of rent. Container lines own a portion of their fleets and rent or ‘charter in' the rest. In some cases, they may charter in half of their capacity. Charter rates...

International freight forwarding and logistics company, Panalpina Welttransport (U.S. OTC: PLWTF) announced a $52 per twenty-foot equivalent unit (TEU) surcharge for shipments moving through the Strait of Hormuz. The add-on to the standard rate is in response to increased insurance expense to...

The Port of Philadelphia is the scene of a major cocaine bust, the second one involving a container ship operated by Mediterranean Shipping Company. U.S. Customs and Border Protection and Immigration and Customs Enforcement investigators said an inspection of shipping containers aboard the MSC...

Costamare Inc (NYSE: CMRE) needs to cut its divided "meaningfully" to preserve the strength of its balance sheet, Morgan Stanley said while downgrading the stock to Equal Weight. The brokerage expects a $0.24 annual dividend (reduced from $1.16) starting this quarter. In addition, Morgan Stanley...