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20190424-wallwil-total

Komatsu, Not Volvo, May Be The Future For Wallenius Wilhelmsen

Wallenius Wilhelmsen has added the second of four new vehicle shipping vessels to its fleet. That follows rapid growth in its services – its U.S. seaborne inbound shipments climbed 15.7% year over year in 1Q 2019. That’s been driven by a 21.1% surge in handling of construction and other ... Read more →

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 →

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