Aug 14, 2018
— HMM recorded a net loss of $215m in the second quarter, taking the South Korean ocean carrier’s deficit to a massive $371m at the half-year stage. Like many of its peers, the carrier was hit hard by the rising cost of fuel and was unable to recover sufficient bunker surcharges to mitigate the impact of a 27% hike in bunker prices.
Aug 13, 2018
— Taiwanese ocean carrier Yang Ming has become the latest container line to report a heavy loss in the second quarter of the year, posting a net deficit of $129m. It means that all three members of THE Alliance vessel-sharing agreement have now posted negative results for the period.
Aug 9, 2018
— Alphaliner’s bellwether containership idle tonnage data has recorded a big spike in vessels being consigned to lay-up, shifting the supply-demand balance back in favour of the charterer. The consultant said the capacity of the idle tonnage fleet had risen to 341,000 teu by the end of July, representing 1.6% of the total global cellular fleet.
Aug 8, 2018
— After a pattern of divergence at the start of the year, July saw a modest realignment between charter and freight markets as liner operators react to cost pressures and the wider industry awaits the impact of the potential trade war between the U.S. and China, according to the latest Container Shipping Forecaster from MSI.
Aug 3, 2018
— Tariff and trade wars are a concern but the medium-term outlook for global container port demand growth is positive thanks to strong underlying economic momentum across the world’s major economies, according to Drewry.
Jul 30, 2018
— There's little doubt that automation is coming in the trucking industry — heck, it's already here in many fomats. But how will the next levels of automation be deployed? What will the legal and regulatory framework around that look like?
Jul 30, 2018
— Shippers are pushing forwarders for more certainty on post-Brexit customs – some now actively working with a presumption of a hard Brexit. Meanwhile, the UK Road Haulage Association (RHA) has slammed MPs claiming “no deal is better than a bad deal”, suggesting some foods we take for granted could become “luxuries”.
Jul 24, 2018
— A.P. Moller-Maersk A/S is in an unusual place this year as the world’s biggest shipping company finds itself the target of an attack by hedge funds. The global economy is now firmly in the grip of an escalating trade war.
Jul 18, 2018
— To witness the buildup to a brewing trade war between the U.S. and China, look no farther than the Port Oakland, where shipping traffic has been heating up along with the rhetoric over President Trump’s tariffs. The port reported that import volume reached a record high last month, possibly due to shippers rushing to beat import tariffs that kicked in this month.
Jul 16, 2018
— While container shipping lines face soaring operational costs, recent signs that they are preparing to suspend services in light of weakening demand suggest vessel charter rates could also come under pressure.
Jul 13, 2018
— While there is a lot of noise surrounding tariffs and potential trade wars, FreightWaves’ Chief Economist Ibrahiim Bayaan isn’t as concerned as some that the noise will result in action that could derail the economy.
Jul 11, 2018
— Exposure to price volatility in air freight could soon be mitigated by the launch of an air freight ‘forward price curve’. The index could help forwarders manage the risk of rapid price changes in the $70bn market, according to the company behind it, Freight Investor Services (FIS).
Jul 10, 2018
— Panama and China will begin negotiations in June 2018 to sign a free-trade deal, the two countries’ trade ministers said on Thursday, consolidating a relationship that has strengthened after the Central American nation ditched ties with Taiwan.
Jun 26, 2018
— The brewing trade war between the US and China is seen having varied effects on different parts of the shipping industry. While much will depend on if and when the tariffs actually kick in, analysts seem to agree that the worst effects will be felt by the container shipping industry, exacerbating an already difficult situation with oversupply of capacity and slowing global trade.
Jun 18, 2018
— For nearly 18 months, or even longer, there have been steady gains in United States-bound imports from China, with much of it due to the pending, now actual, tariffs, which have been by viewed by many at protectionist measures.