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“Our largest export commodity continues to be air” is a frequent saying of Gene Seroka, executive director of the Port of Los Angeles. That’s certainly true at his port, where exports are containerized. Far more empty boxes leave than full ones, so they can be reloaded quickly in Asia. But look at the big picture ...
Yet another sign of stress for energy supplies and global supply chains: Spot rates for large dry cargo ships just topped $80,000 per day for the first time since 2009, and freight derivatives for the fourth quarter — a period when rates for these vessels normally pull back — just spiked. Not long ago, it ...
It’s a seemingly basic shipping formula: Liners operate a fleet of container vessels, whether owned or chartered, with total capacity measured in twenty-foot equivalent units (TEUs). The more TEUs of cargo that liners can load per TEU of fleet capacity, the higher their revenues. Here’s where it gets more complicated: Freight income per TEU is ...
ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
Talk about the future of ocean shipping and it always comes back to the cycle. When is this horrific tanker down-cycle going to end? Did investors buy the tanker stocks too early? How high can this crazy container-shipping up-cycle actually go? When will containerized cargo shippers ever get relief? Is this finally the start of ...