Everyone knew the container shipping boom would end — it was a one-off spike driven by a pandemic and government stimulus, not a permanent change in fundamentals. But no one knew h… Read More

The SS Leviathan leaves New York in the 1920s. (Photo: Capt. James McNamara) FreightWaves Classics is sponsored by Sutton Transport, an LTL leader in the Midwest for more than 40 years. S… Read More

By Mike Wackett (The Loadstar) – With the exception of a few containership owners that are enjoying eye-watering short-term charters, most non-operating owners have chosen to… Read More

Much like their designs, the way ships are powered has undergone several changes over generations. From the primitive days of using large wind-borne sails to nuclear-powered vessels, the evo… Read More

By Mike Wackett (The Loadstar) – Through its brokers, Zim has made it known to containership owners that it is prepared to outbid competitor lines to secure charter tonnage… Read More

By Mike Wackett (The Loadstar) – Containership owners are holding “charter vessel auctions” for ships under contracts that expire next year – with new five… Read More

By Mike Wackett (The Loadstar) – Ocean carriers face ‘Hobson’s choice’ on the containership charter market: agreeing to owners’ hugely inflated daily… Read More

By Jonathan Saul LONDON, July 22 (Reuters) – Shipping companies are still struggling to get hundreds of thousands of crew members back home after many months at sea despite pledges by… Read More

Egypt Reduces Compensation Fine Against Ever Given By $300 Million Egypt’s Suez Canal Authority (SCA) offered to drop $300 million from its compensation claims against the owners of th… Read More

We’re getting a better idea today of the hazardous cargo lost from the ONE Apus containership. An update Monday from the ship’s owners and managers confirmed the contents of the… Read More

Four Star Films, Box Office Hits, Indies and Imports, Movies A – Z FOUR STAR FILMS Top rated movies and made-for-TV films airing the week of the week of July 5 – 11, 2020 The… Read More

According to new data released by the NGO Shipbreaking Platform, 674 ocean-going commercial ships and offshore units were sold to the scrap yards in 2019. Of these vessels, 469 large tankers… Read More

Reefer container equipment availability will remain tight over the next few years which will impact shipping capacity supply and freight rates at seasonal peaks, according to Drewry’s… Read More

UNCTAD’s Review of Maritime Transport 2018 identifies seven key trends that are currently redefining the maritime transport landscape and shaping the sector’s outlook. These tren… Read More

2017 has seen US Owners tops the list of buyers of distressed tonnage, snapping up vessels sold at bank sales and at auction deals. Asset values reached a 25 year low for bulkers, containers… Read More

By Mike Wackett (The Loadstar) – The chief executive of Hanjin Shipping, Tai Soo Suk, has written to owners of the ships it has on charter – and apparently to container terminal… Read More

I've been blessed with a front row seat to a few bubbles in my life. The first was the dotcom bubble, Asia, then the subprime mortgage bubble (I was in Ireland where it was particularly seve… Read More