Asian container shortage set to intensify into May
Asian container availability is tightening, and purchase and rental costs are soaring, according to a key metric tracking that data, as container lines warn [...]
Lessors, carriers send new container orders soaring
China International Marine Containers (CIMC) saw a surge in dry freight container sales in the [...]
Coming capacity wave may put brakes on near-term carrier profitability: analysts
Container lines are on track to be more profitable this year than last and stay in [...]
Demand, rate hikes drive surge in Europe-US spot container rates
Spot rates on the trans-Atlantic westbound trade have shot up to $2,548 per TEU, an almost 66 percent jump year over [...]
Carriers warn of looming post-Suez China box shortage
The availability of container equipment at China’s export hubs will decline sharply in...Powered by WPeMatico
North Europe ports face four weeks of ‘critical’ delays: Habben Jansen
Congestion in North Europe’s major ports will reach “critical” levels over the next four weeks as [...]
Zim expedited Asia service gives Oakland another first-in US port call
Zim Integrated Shipping Services later this month will launch its third expedited trans-Pacific service in a year in response to still-growing e-commerce [...]
US retailers signal no import let up through summer
US retailers will not let up on their ordering binge this summer, projecting Wednesday that [...]
Maersk welcomes pressure to hasten decarbonization moves
Maersk is feeling increasing pressure from its shipper customers to accelerate decarbonization efforts, but the [...]
Cosco expects 2021 profits to eclipse 2020
Cosco Shipping Holdings expects to bank a net profit of $2.35 billion in the first quarter, an early indication that [...]