Browsing Category
Container ships
COVID-19 outbreak at major Chinese port worsens global shipping crisis, which could disrupt holiday…
Global expedition disturbances could trigger delays in goods this year holiday season, say industry experts.
A COVID-19 outbreak at a major Chinese port has resulted in a backlog of shipments, exacerbating an existing maritime crisis.…
Feather fight is a lingering skirmish of the US-China trade war
WASHINGTON - The long-awaited review of tariff policy by the Biden administration cannot come soon enough for an Ohio bedding maker, which says it is being pummeled by the US levies on imported Chinese feathers.The family business,…
One person died in never-before-seen rescue mission
The Suez Canal Authority said one person died during the Ever Given rescue operation in March.
In a Facebook post, the SCA said "one death" was among the…
Why high container rates are likely to persist
Shanghai Yangshan (Bert Van Dijk / CC BY NC SA 2.0)…
Global logistics deadlock moves from Suez to Shenzhen
HONG KONG - As Western economies come back to life, a new wave of Covid-19 clusters in Asia - where vaccination campaigns are still in their infancy - is creating new supply chain bottlenecks global threat, threatening to drive up prices…
Port of Long Beach breaks freight record, Los Angeles set to celebrate own trade milestone –…
The Port of Long Beach broke its all-time cargo record for the second time in three months in May, continuing the one-year boom of the San Pedro Bay resort - which will culminate with the Port of Los Angeles celebrating its own major…
Global Ship Lease announces an agreement to acquire 12
LONDON, June 08, 2021 (GLOBE NEWSWIRE) - Global Ship Lease, Inc. (NYSE: GSL) (the “Company” or “Global Ship Lease”) announced today that it has agreed to purchase 12 carriers. containers at Borealis Finance LLC with an average size of…
‘Block ship’ protests against Israeli container ships spread to New York port
Pro-BDS protesters at New York Harbor on Sunday, June 6. Photo: Screenshot
A group backed by the Boycott, Divestment and Sanctions (BDS) movement against Israel protested on Sunday against the unloading of a container ship belonging to…
First post-COVID cruise ship leaves Venice amid protests
The first cruise ship to leave Venice since the easing of coronavirus restrictions set sail on Saturday, but some local residents protested the return to normal, unhappy with the passage of giant liners through the historic lagoon…
Container ship charter rates eclipse previous records as tonnage market surge intensifies
Strong points
8,500 TEU ship charters jump 330% year on year
Multi-year charters are now the norm
Few 2021-2022 new build deliveries support carrier pricing power
While the global containerized…