📰 Freight Waves News
Page 9 - Freight Waves News Today
Fast, Ad-Free News Updates
Stay updated with breaking news from Freight Waves. Real-time updates on events, politics, business and more.
May 26, 2022
A ship full of Porsches, Bentleys and Lamborghinis catches fire and sinks in the Atlantic. A container vessel ignites and goes down off Sri Lanka. In a sequel to the Even Given accident in the Suez Canal, another Evergreen ship runs aground, this time in Chesapeake Bay. More containers full of goods topple off ships ...
May 23, 2022
ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
May 22, 2022
Zim, the world’s tenth largest container shipping line, posted the best quarterly results in its history on Wednesday. It hiked its full-year guidance and now predicts 2022 earnings will be around 20% higher than in 2021. And yet, shares of Zim — by far the largest U.S.-listed shipping company by market cap — fell as ...
May 18, 2022
It’s still very expensive to ship containers full of goods across the oceans. Spot rates globally are still more than quadruple pre-pandemic levels. But rates are now materially lower than they were a few months ago — and falling by the week. The Shanghai Containerized Freight Index (SCFI) logged its 15th consecutive weekly loss on ...
May 17, 2022
ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
May 15, 2022
Another quarter, another earnings record for Germany’s Hapag-Lloyd, the world’s fifth-largest container line operator. But the focus now is less about what happened a few months ago and more about what’s happening now with China lockdowns and consumer demand, and what’s around the corner for supply chains and ocean freight rates. The implied message of ...
May 14, 2022
Truck drivers and companies are getting the hardest blow as diesel prices in Iowa average $5.29—which is almost $2 more than it was a year ago!
May 13, 2022
What will happen next year, next month, next week? Rarely has the future direction of markets been as unknowable as it is today, so why take all the risk if you don’t have to? Players in commodity and securities markets have long used derivatives to curb downside risk and hedge multimillion-dollar positions. But in container ...
May 13, 2022
Truck drivers and companies are getting the hardest blow as diesel prices in Iowa average $5.29—which is almost $2 more than it was a year ago!
May 13, 2022
Truck drivers and companies are getting the hardest blow as diesel prices in Iowa average $5.29—which is almost $2 more than it was a year ago!