Container spot rates on the two big east-west trades are moving in opposite directions, and the Suez Canal explains most of it. Drewry's World Container Index slipped 1% this week to $4,468 per 40-foot container. The drop came from Asia-Europe, where Shanghai to Genoa fell 5% to…
Drewry's World Container Index slipped 1 percent this week to $4,468 per 40-foot container. The headline move is small. The split underneath it is…
The Arctic has its first scheduled weekly container service between China and Europe. Chinese carrier Sealegend Shipping is running what it calls the…
On September 16 the OOCL Portugal made COSCO Shipping Lines' first southbound Suez transit of this return. That same day 39 ships carrying 2.3…
The Panama Canal is rationing water again. Starting today, September 3, the Neopanamax locks offer nine booking slots a day, and the older Panamax…
The two Gemini Cooperation partners reported second-quarter results a day apart, and both raised their full-year guidance. That's where the…
The container ship orderbook has reached 13 million TEU, the largest ever. That's 38.3 percent of the existing fleet, the highest ratio since the…