Container Index News Today

Ports along the US East Coast are swiftly adjusting their operations to handle cargo diverted from the Baltimore harbor, where the task of clearing debris from the destroyed Francis Scott...

Tankers continue to sail, but the number is diminishing as risk of assaults comes at a cost Most tankers are continuing their journeys, but this doesn&rsq

Aterian to resume its roll-up strategy with proposed acquisition of a brand in health and wellness category. Read more to see why I upgrade ATER stock to a buy.

Maersk had a very strong 2021 & 2022 is looking to be a repeat. Future expected profit levels improve the downside of the stock price. See more on AMKAF here.

World Container Index decreased by 4.1% to $8,470.45 per 40ft container this week. The composite index decreased by 4.1% this week, but, remains 74% higher than a year ago. The average composite index of the WCI, assessed by Drewry for year-to-date, is $9,285 per 40ft container, which is $6,130 higher than the five-year average of ...

I’m neither an economist nor a forecaster. However, there are a few key market indicators I’ve been tracking in recent months in an effort to see though the cloudy forecasts of leading construction economists.  

Surging container rates slash US PET imports, boosting domestic prices Record high container shipping rates have impacted the US import market for polyethylene terephthalate (PET) resin by slashing shipments to the US and giving a boost to the domestic industry. US prices for the clear plastic resin, used to make drink bottles, had been steadily declining for almost two years until June 2020, when the market staged a recovery, which brought domestic prices to a multi-year high in April. S&P Glo...

Container shipping lines to cut free time, increase surcharges in 2021 contracts Companies negotiating annual container shipping contracts with shipping lines before the end of the first quarter can expect increases in peak season surcharges and decreases in allowable free time with the container, as shipowners gain leverage from increased demand, industry participants say. The widespread shortage of empty containers in Asia will compel shipowners to use their greater bargaining power to finall...

Container vessels planning to berth at Singapore port are now facing longer wait times, market sources said, with one source estimating that this has grown to five to seven days from a maximum of two days to turn around an 18,000 TEU vessel. “There is a lot of port congestion in Singapore, which is one ...

Singapore-based ONE signs long-term charter for six record-sized containerships Singapore-based container shipowner Ocean Network Express has agreed to a 15-year charter for six of the largest container ships ever built at more than 24,000 twenty-foot equivalent units when the ships are delivered in 2023-2024, the company said Dec. 24. ONE signed the letter of intent for a long-term charter with Shoei Kisen Kaisha, the shipowning arm of Imabari Shipbuilding, who will build the ships in consorti...