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Ocean Rate Report: Philly Fire Sparks Product Tanker Earnings
Wednesday, June 26, 2019 - 1:47pm | 1356When bad things happen in the world – explosions, conflicts, disasters, chaos – ocean ship owners often benefit. In some cases, an unexpected surge in demand leads to a spike in rates. In others, the event causes ships to take longer routes, reducing effective vessel supply, also a plus for rates...
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Port Report: Trans-Atlantic West Is Lone Bull Market For Boxships
Wednesday, June 5, 2019 - 11:25am | 931While most trade lanes grapple with overcapacity and weak rates, the trans-Atlantic westbound market is one bright spot for ocean carriers. One market expert credits a strong U.S. dollar and capacity discipline as the keys to keeping that market firm. Globally, spot container rates are stuck at...
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Port of Los Angeles Promises Better Job in Moving Containers in Face of Ongoing Delays
Wednesday, January 2, 2019 - 10:49am | 1226The Port of Los Angeles aims to speed up container movements amid ongoing reports of delays at the busiest U.S. port. But the proposed solutions, including better chassis management and truck appointments, show little in the way of quick fixes. Speaking at the last 2018 meeting of the harbor's...