Page 17 - Freight Waves News Today

“Cost of shipping between the U.S. and China plunges” blared a headline in early October, citing a reported halving of rates in a matter of days. Was this the beginning of the end of sky-high trans-Pacific shipping costs, the onset of the correction importers have been waiting for? Turns out it wasn’t. Spot rates for ...

When dry bulk shipping rates are very high and someone tells you they’re “volatile,” it’s a euphemism for: Don’t be surprised if they fall off a cliff. They’ve fallen off a cliff. On a positive note, the climber hasn’t plunged all the way to the valley yet. He’s still clinging to the rocks partway down. ...

PORTLAND, Ore. — Daimler Trucks North America (DTNA) is discontinuing the Western Star 5700 XE at the end of the year. DTNA spokesman Fred Ligouri wrote

Before coronavirus, there was norovirus. Thousands of cruise passengers fell ill each year. “Cruises from hell” blared headlines alongside eye-catching pictures of giant ships. In fact, the vast majority of people sickened by the bug weren’t infected on cruises, but given the media spotlight, norovirus became widely known as the “cruise virus.” Now we have ...

The cure is worse than the disease, say critics of an emergency plan of the ports of Los Angeles and Long Beach backed by the Biden administration. If you think port congestion is bad now, just wait for what comes next. On Wednesday, two days after the ports of Los Angeles and Long Beach announced ...

As the Pacific Ocean continues to fill up with container ships, rough weather conditions and human error have led to a rise in accidents at sea involving these vessels. According to Freight [...]

The more stuff people buy, the more ships ply the Pacific Ocean loaded to the brim with containers. Combine rough weather, the occasional human error and way more chances to get it wrong, and you inevitably get more accidents at sea. A record number of containers fell overboard from ships into the Pacific last winter, ...

There was fleeting hope that Southern California port congestion had turned the corner. The number of container ships waiting offshore dipped to the low 60s and high 50s from a record high of 73 on Sept. 19, trans-Pacific spot rates plateaued, the Biden administration unveiled aspirations for 24/7 port ops, and electricity shortages curbed Chinese ...

Trans-Pacific spot container rates have plateaued and in some cases pulled back, spurring speculation that container investors’ bull run has peaked and relief is on the way for U.S. importers. The case for calling the top: Chinese container port congestion has dramatically declined over recent weeks, Chinese factories are being plagued by power outages that ...

Commodity prices are surging around the globe, so it should come as no surprise: Marine fuel is getting a lot more expensive. That’s bad news for ship operators on the cost side, and, in the container business, yet another headache for cargo shippers. Marine bunker prices are “soaring,” said Alphatanker on Thursday. “This has not ...