FreightWaves • December 5, 2022

Price of ship fuel falling even as Russia-Ukraine war rages on

Declining ship fuel prices equate to savings for containerized cargo shippers and lower costs for tanker and bulker owners.

FreightWaves • December 2, 2022

Container shipping rates still sinking, no sign yet of market floor

Spot shipping rates continue their historic slide, putting even more pressure on container lines’ contract business.

FreightWaves • December 1, 2022

Could Russia sanctions work in practice even if they fail on paper?

Even if no oil moves under price caps, Russian exports could face deep discounts and continue to flow via “shadow tankers.”

FreightWaves • November 28, 2022

Shipping stocks in the crosshairs as China fears mount

Hopes that China will relax its zero-COVID policy are fading, raising concerns about shipping volume fallout.

FreightWaves • November 23, 2022

Zero ships waiting off Southern California, 59 off other ports

Southern California’s container-ship logjam is gone and congestion is easing at East and Gulf Coast ports.

FreightWaves • November 22, 2022

Plunging spot rates drag down container shipping contract rates

Ocean carriers have been shielded by lucrative annual contracts with cargo shippers, but contract coverage is starting to crumble.

FreightWaves • November 21, 2022

What do crazy $500,000-per-day rates say about shipping demand?

Stratospheric LNG shipping rates offer a lesson on the do’s and don’ts of measuring earnings momentum.

FreightWaves • November 19, 2022

Chaos theory: How tankers thrive amid energy crisis and war

Global energy trades face even more tumult ahead. “This could get crazy,” says Scorpio Tankers’ Robert Bugbee.

FreightWaves • November 16, 2022

Zim flew higher in shipping boom, falls faster as market sinks

Earnings for Zim, the world’s 10th largest ocean carrier, peaked in the first quarter and continue to slide as rates fall.

FreightWaves • November 15, 2022

Los Angeles imports keep sinking as East Coast gains more ground

The head of Los Angeles’ port is on a worldwide sales blitz, trying to convince shippers and carriers to come back.

FreightWaves • November 14, 2022

US imports from China falling faster than from other countries

Drop in imports from China in recent months comes on the heels of years of gains by exporters in the rest of Asia.

FreightWaves • November 10, 2022

Hapag-Lloyd CEO: Container market volatile but not collapsing

Container shipping fundamentals are not as bad as spot rates imply, says the head of the world’s fifth-largest ocean carrier.

FreightWaves • November 8, 2022

After steep September slide, US imports stabilize in October

Imports remain 7% higher than pre-pandemic levels, with volumes steadying last month after September’s plunge.

FreightWaves • November 7, 2022

Energy shipping boom: Propane tankers breach $100,000 a day

Some VLGCs carrying propane and VLCCs carrying crude have joined LNG carriers in shipping’s six-figures-per-day club

FreightWaves • November 3, 2022

Crude tanker owners see dollar signs as Russia ban draws near

Europe must replace all seaborne crude imports from Russia within the next few weeks. Crude tanker owners stand to gain.

FreightWaves • November 2, 2022

End of an era: Profits finally peak for shipping giant Maersk

Maersk’s guidance implies fourth-quarter earnings will plunge 39% compared to the third-quarter peak.

FreightWaves • November 1, 2022

Sanctions could lift already booming product tankers to new heights

Product-tanker share prices are up triple digits year to date as investors position for sanctions upside.

FreightWaves • October 31, 2022

Shipping line ONE posts blockbuster quarter but warns on future

The world’s seventh-largest ocean carrier expects profits to fall, yet its projections remain vastly higher than pre-COVID levels.

FreightWaves • October 28, 2022

Shipping rates are no longer plunging. Is ‘new normal’ near?

Spot rate indexes look like they’re stabilizing — at least temporarily — after double-digit plunges in August and September.

FreightWaves • October 26, 2022

Sanctions are about to slam Russia’s still-booming oil export trade

The “shadow fleet” is not large enough to save Russian oil exports from Western sanctions, according to multiple analysts.