Page 13 - Freight Waves News Today

Great news for ocean carriers like Zim is generally ominous news for U.S. importers paying painfully high freight bills — and there was a bounty of great news for Zim on Wednesday. The shipping liner operator, which specializes in the trans-Pacific lane, posted net income of $1.71 billion for Q4 2021. Earnings per share were ...

Great news for ocean carriers like Zim is generally ominous news for U.S. importers paying painfully high freight bills — and there was a bounty of great news for Zim on Wednesday. The shipping liner operator, which specializes in the trans-Pacific lane, posted net income of $1.71 billion for Q4 2021. Earnings per share were ...

The traditional wisdom is that geopolitical chaos is good for shipping demand. Trade patterns are disrupted and become less efficient. Cargo must travel longer distances. Rates rise. But Niels Rasmussen, chief analyst at shipping association BIMCO, believes Russia’s invasion of Ukraine will be bad for shipping demand. The war “will hurt growth in all shipping ...

The House and Senate are both in session this week. The House will vote on bills and resolutions related to homeland security, condemning the threats of violence against HBCUs, and...

One of the axioms of shipping is that war can boost freight rates and share prices, particularly for tankers. Since Russia invaded Ukraine last week, tanker shares have indeed outperformed, but upside is not evenly spread and gains have eased. Container and dry bulk stocks have been largely treading water, with multiple names underperforming the ...

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero

In September 2019, the U.S. sanctioned tanker company Cosco Dalian, a division of Chinese shipping giant Cosco, for carrying Iranian crude. The sanctions only covered the 20 tankers owned by Cosco Dalian, but that didn’t matter. As a precaution, charterers shunned the entire 150-tanker fleet of the Cosco parent, causing tanker spot rates to spike. ...

China is the world’s largest exporter of containerized goods, produces eight of every 10 new containers, is the leading builder of container ships and operates the fourth-largest liner company. It should come as no surprise that China overwhelmingly dominates the global container port rankings — and with ocean trade now surging, that its port tally ...

Major geopolitical events with tragic human costs have major effects on shipping rates — sometimes negative but very often positive. With the Russia-Ukraine crisis escalating by the hour, rate-positive shipping scenarios that were considered low probability just a few weeks ago suddenly look more plausible. As Cleaves Asset Management CEO Joakim Hannisdahl put it on ...

Maritime tech has never seen anything like the past 12 months: a whirlwind of deals that may be just the beginning. “Clearly, there is an influx of capital, especially over the last year, and the pace is just continuing to increase,” said Evan Efstathiou, founder of consultancy SkySail Advisors. “Shipping is in the spotlight. The ...