FreightWaves • January 27, 2023

Sanctions effect begins: Crude tankers forced onto longer voyages

Russian crude restrictions are having the predicted effect on tanker trades, soaking up more vessel capacity as sailing distance lengthens.

FreightWaves • January 23, 2023

Rough start to 2023 for dry bulk, tanker, gas, container shipping

Are falling commodity shipping spot rates the result of normal seasonality or a symptom of global economic malaise?

FreightWaves • January 10, 2023

Will sanctions on Russian diesel pay off for product tankers?

Sanctions on Russian crude exports have yet to boost tanker rates. Some question whether sanctions on Russian diesel will either.

FreightWaves • January 3, 2023

Crude tanker rates down double digits after Russia sanctions debut

The predicted boost to tanker rates from Russian crude disruptions has yet to materialize. Instead, rates have declined.

FreightWaves • December 27, 2022

Container shipping’s ‘big unwind’: Spot rates near pre-COVID levels

Trans-Pacific spot rates fell first. Trans-Atlantic spot rates and Asia-U.S. contract rates look like they’re next in line.

FreightWaves • December 19, 2022

2022’s top shipping stories: Container boom ends, war fuels tankers

Just as the pandemic wound down, another market-altering event for shipping — the Ukraine-Russia war — ramped up.

FreightWaves • December 8, 2022

China’s surprise COVID pivot offers new hope to shipping markets

Faster easing of China’s COVID restrictions could provide eventual support for container and dry bulk markets and a more immediate boost for tankers.

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 • 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 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 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 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 20, 2022

Here’s how container shipping lines can escape a crash in 2023

Shipping lines face a minefield of surging capacity and sinking demand, but there is a path to safety, claims one industry expert.