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20190401-rates-total-comps-150x150

Shipping’s Tough First Quarter Sees Rates Down, Costs Up

The shipping industry had a terrible first quarter with container shipping rates having fallen by 24.0% year-to-date according to S&P Global Platts figures. Shipping from China to the U.S. west coast did poorly due to the previous end of inventory building ahead of – now delayed – tariffs... Read more →

20190222-suez-canal-types

Big Boats Keep Suez and Panama Growing As Trade Threats Loom

Shipping activity through the Suez Canal increased by 7.9% year over year in January, driven by a 16.0% rise in tanker crossings after energy prices recovered. While the number of container ships fell there was a 7.2% rise in average vessel size which ensured the tonnage crossing the canal imp... Read more →

20190128-suez-total

Sluggish Suez Shipping Suggests Slower Global Trade

The number of vessels using the Suez Canal rose by just 0.5% year over year in December. The followed a 0.4% decline in November and was the result of a 5.1% drop in containerized freight. The latter indicates slower global trade. The Panama Canal also saw a 3.2% drop in the number of transits... Read more →

20190123-singapore

Singapore’s Port Gets Back To Growth Just as Asia Slows

Cargo handling through Singapore climbed 2.3% year over year in December, reversing a 2.6% decline seen in the prior three months. A 5.9% improvement in container-handling and 9.2% jump in oil tanker traffic were the main drivers. While the growth bucks the trend of slowing / falling elsewhere... Read more →

20180820-houston-tonnage-150x150

Houston’s Handling Hike Hints at Steel Tariff Failure

Cargo handling through Port Houston climbed 13% in July vs. a year earlier due to a 15% rise in container handling and a 28% improvement in steel. The latter is notable in not having been curtailed by the Trump administration’s wide ranging duties. The improvement in container handling was dri... Read more →

20180705-brazil-soy-and-corn-150x150

Strikes Cut Soybean Opportunity for Brazilian Exports to China

Strikes by truckers, stevedores and customs officials in Brazil have resulted in a backlog of commodities to ship. That’s led to delays in shipping soybeans, which normally peak in April and have increased by 10% on a year earlier in the three months to May 31, just ahead of the start of shipp... Read more →

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