Tag: ocean shipping

June 29, 2023

A strong Chinese economy creates a virtuous cycle for ocean shipping. The manufacture of goods fills container ships and car carriers on the way out, and directly or indirectly drives demand for bulk commodities that fill bulkers and tankers on […]

July 13, 2022

Congressman Alan Lowenthal who represents the Port of Long Beach, along with co-sponsor congresswoman Nanette Barragán, yesterday introduced the Clean Shipping Act of 2022. This bill becomes the first stand-alone legislation to zero out pollution from all ocean shipping companies […]

June 13, 2022

The first major overhaul of regulations governing U.S. container trades since 1998 was easily approved by Congress on Monday and President Biden is expected to sign the bill into law shortly. By a vote of 369-42, the U.S. House of […]

June 9, 2022

President Joe Biden launched a renewed push June 9 to reduce the costs of shipping goods across oceans, a major challenge for retailers that the White House said has pushed up prices as the world emerges from the coronavirus pandemic. […]

May 9, 2022

Monday was a rough day all around on Wall Street but particularly painful for owners of ocean shipping stocks, which fell much more sharply than the broader market. Concerns over China’s economy, oil demand, Fed tightening and inflation added up […]

December 29, 2021

2021 will go down as the year the mainstream media took notice of West Coast port congestion. American Shipper was writing about global port backups, shutdowns and labor issues months — no, decades — before supply chain snarls in Southern […]

August 2, 2021

There’s a saying at public companies: “Underpromise and overdeliver.” A.P. Moller-Maersk has apparently taken that credo to heart in 2021. At the beginning of this year, it introduced initial guidance for 2021 earnings before interest, taxes, depreciation and amortization of […]

February 10, 2021

For container lines, it just keeps getting better and better. Demand is hitting new highs with every passing quarter. For besieged cargo shippers struggling with overwhelmed supply chains, it just keeps getting worse and worse. Their question is: When will […]

December 1, 2020

The news is brimming with stories on businesses that are “dead men walking.” Movie theaters. Cruise lines. Retail outlets. Event organizers. Big-city offices. Ocean shipping doesn’t fall in this category — there’s no existential threat to transporting cargo by sea. […]

December 30, 2019

Years of planning and preparation by the ocean shipping, oil and trucking industries are set to pay off as adequate supplies of diesel fuel are expected to be ready now that an International Maritime Organization mandate for the use of […]

January 29, 2019

The net proceeds were lower from the initial plan under which COSCO Shipping Holdings was aiming to collect RMB 15 billion (USD 2.1 billion). The private share offering raised interest from nine private investors. After completion of the proposed non-public […]

January 24, 2018

The ocean freight industry stabilized in 2017, with rates remaining relatively steady after the turmoil of the previous year from the bankruptcy of Hanjin Shipping Co., according to a report from online freight marketplace Freightos. Spot market rates generally trended […]