FreightWaves • February 18, 2021 Chinese factories won’t build enough containers to save US shippers Cargo shippers hamstrung by the global container shortage should not expect a box building spree in China to come to their rescue.
FreightWaves • February 17, 2021 Shipping stocks are suddenly revving up across the board It’s not just container stocks rising. Shipping stocks are up for everything from bulkers to tankers to gas carriers.
FreightWaves • February 12, 2021 New video shows massive scope of California box-ship traffic jam Here’s a helicopter view courtesy of U.S. Coast Guard of container-ship armada off Los Angeles and Long Beach (with video).
FreightWaves • February 11, 2021 Shares of ocean carrier ZIM jump 64% after ‘abysmal’ debut ZIM, newest Wall Street shipping entrant, is riding wave of record-high freight rates. Shares fully recovered from rocky start.
FreightWaves • February 10, 2021 Container giant Maersk sees no letup yet in COVID-fueled cargo boom Maersk, the world’s largest container carrier, just reported record quarterly results. And its next quarter looks even better.
FreightWaves • February 4, 2021 War of words escalates as exporters scramble for scarce containers California calls on feds to protect exporters. Shipping groups claim California export cure will worsen congestion — including for importers.
FreightWaves • February 2, 2021 Importers face massive hike in ocean contract costs Container lines score huge negotiating advantage as spot-rate surge set to persist through annual contract season.
FreightWaves • January 29, 2021 Shipping’s Wall Street saga: Rags to riches to rags to occasional riches ZIM just completed the first U.S. shipping IPO in over five years. Here’s a look back at shipping’s wild multidecade ride on Wall Street.
FreightWaves • January 27, 2021 Trans-Pacific trade crashes into max-capacity ceiling Asia-U.S. liner sailings are now being canceled because too many container ships are stuck at anchor off California.
FreightWaves • January 22, 2021 COVID outbreak could cripple California container ports Nearly 800 dockworkers in California have COVID. Hundreds more are out due to quarantines. Pleas for fast-track vaccinations intensify.
FreightWaves • January 20, 2021 Ocean carrier ZIM fast-tracks IPO, targets $2 billion valuation Ocean carrier ZIM has hiked its fleet capacity with new charters and is planning to price its New York IPO next week.
FreightWaves • January 16, 2021 Ship fuel prices jump, spread widens. Is ‘scrubber’ revival nigh? Higher fuel prices are bad news for box shippers. Higher fuel spreads are good news for owners with scrubber-fitted fleets.
FreightWaves • January 14, 2021 Inside California’s colossal container-ship traffic jam There are more container ships stuck off California than at any time since 2004. What’s behind the pileup? When can it be cleared?
FreightWaves • January 11, 2021 Don’t expect rate relief from container-ship order spike Even after a wave of just-ordered container ships is delivered by yards, cargo shippers are unlikely to see lower freight rates.
FreightWaves • January 7, 2021 ‘Blue wave’ stimulus could spur import surge on top of surge A Biden administration teamed with a Democratic Congress should lead to even more stimulus, a recipe for even more container imports.
FreightWaves • January 5, 2021 Liners highly unlikely to slash service for Chinese New Year Like clockwork, liner operators sharply reduce their sailings each year during the Chinese New Year holiday. Not in 2021.
FreightWaves • January 3, 2021 Container line ZIM goes to Wall Street: Will IPO stars align? Successful IPO by ZIM would offer investors direct exposure to trans-Pacific freight-rate craziness, but not without risks from the debt load.
FreightWaves • December 29, 2020 Top stories of 2020: Inside ocean shipping’s wild ride A look back at 2020's shipping roller coaster: how container sector emerged as ‘surprise rock star’ and tankers peaked early, then plunged.
FreightWaves • December 29, 2020 Trans-Pacific shipping rates just popped to new all-time high Asia-U.S. container rates had held firm at a record high since September. Now they’re on the move again — and headed even higher.
FreightWaves • December 22, 2020 Shipping IPO prospects slim as capital-market access plunges Chances slim for 2021 shipping equity offerings, but a container-liner IPO prospect remains on the table.
