Economy

  • Big risks in liner shipping but potential rewards

    Dec 14, 2018 — The liner shipping industry may be heading into a period of major change as some companies seeking to broaden the services they offer, says Drewry.
  • How China Is Reviving The Silk Road By Buying Ports In The Mediterranean

    Dec 7, 2018 — China is about to bring the Silk Road back to life, investing billions of dollars to improve trade relationships. Beijing is building its way to European markets by constructing a network of infrastructures that will grant the transfer of Chinese goods worldwide through the Belt and Road Initiative.
  • Americans Are Moving Less Than Ever

    Dec 4, 2018 — According to recently released data from the U.S. Census, only 10.1% of adults moved homes from August 2017 to August 2018. This is the lowest rate of moving since the government began collected data in 1948.
  • Airfreight rates reach high for the year in October

    Dec 3, 2018 — The latest figures from consultant Drewry in its Sea & Air Shipper Insight report show that average rates on 57 key trades reached $3.02 per kg in October compared with $2.81 per kg in September. Meanwhile, prices are up 8.6% year on year.
  • Container industry’s overcapacity struggle will continue

    Dec 3, 2018 — The container shipping industry “will continue to struggle with overcapacity, notably for larger vessel segments,” says Danish Ship Finance in the latest edition of its twice-a-year Shipping Market Review. In addition, it says low freight rates and surging fuel costs are depressing the profitability of liner companies.
  • Containership Scrapping Gathers Pace Ahead of IMO 2020

    Nov 28, 2018 — In the last 30 days, 23 container vessels have been sold for scrap – nearly half the number sent to breakers’ yards in the past year.
  • Cass Freight Index points to ongoing strength in freight economy

    Nov 19, 2018 — October shipments, at 1.224, were up 6.2% annually and down 1.4% compared to September, and October expenditures, at 2.919, were up 12% compared to October 2017 and down 2.4% compared to September.
  • Shipping from China to U.S. West Coast is not so cheap anymore

    Nov 1, 2018 — Peak season 2018 broke a new threshold in terms of ocean freight spot rates: It is now as expensive to transport a product from China to North America's West Coast as it was to ship to the East Coast during last year's peak season.
  • Slowing growth and more new ULCVs widen container supply and demand gap

    Oct 31, 2018 — According to Alphaliner data, 1.21m teu of new container tonnage hit the water in the first 10 months of this year, of which 83% was for ships of 10,000 teu and above.
  • Good Reminders for Any Manager Leading a Team

    Oct 29, 2018 — If you’re not exciting people in your workplace, they’re not going to stick around. Or, even worse, they could become complacent.
  • Proposed Pilotage Fee Hike in Port Everglades Would Double Pilot Costs for Carriers

    Oct 23, 2018 — A proposed fee increase for harbor pilot services at Port Everglades, Florida will raise average pilotage by more than 100 percent on average for shipping lines that call frequently at the port, according to an analysis by Crowley Maritime Corporation, the port’s largest tenant.