Container Lines Slash Even More Services To Prop Up Rates
Container shipping companies including Maersk Line, MSC and others continue to "blank" (cancel) transoceanic sailings to bring vessel capacity in line with pandemic-stricken cargo demand. read more.....»»
Container Lines Are Still Holding Firm On Trans-Pac Rates
The warnings are loud and clear: If container lines suffer the same demand loss and rate drop they did during the 2009 financial crisis, 2020 will be catastrophic — but if demand falls and rates don't, the read more.....»»
More Cargo Chaos Looms As Carriers Slash Ocean Services
Coronavirus fallout for container shipping is now in full swing. read more.....»»
Trans-Pacific Container Rates Are Up (A Little) In November
The good news for container lines is that trans-Pacific box shipping rates actually did improve in early November, just.....»»
Market To Decide Shipper Bill For IMO 2020
Shippers and container lines will likely settle the "who pays how much" dilemma of new low-sulfur IMO 2020-compliant fuels in much the same way as they agree on freight rates: They will simply negotiate a price both parties can live with. read more.....»»
Using Technology To Tame Fluctuating Container Rates
A computer platform "where shipping lines and their customers can negotiate forward contracts could help improve vessel utilization levels and reduce freight rate volatility," says a read more.....»»
September Container Shipping Rates Collapse 43% Forcing Carriers To Slash Capacity
September Container Shipping Rates Collapse 43% Forcing Carriers To Slash Capacity Container shipping rates continue to move lower into the fourth quarter of 2019, accord.....»»
These Are the Poorest Places in the West
The U.S. Department of Health and Human Services currently defines the federal poverty line at $12,880 for individuals, $26,500 for families of four in the continental U.S. (the rates are slightly........»»
Shipping Container Rates Expected To Remain Elevated Through Year
Shipping Container Rates Expected To Remain Elevated Through Year Bad news for US importers searching for cheap shipping container rates, that is, rates are as up.....»»
Oil Tanker Rates Surge As Suez Canal Blockage Continues
Oil Tanker Rates Surge As Suez Canal Blockage Continues Submitted by OilPrice.com, Oil product tanker rates have surged almost double since a giant container ship ran aground the Suez Canal on Tuesday, blocking traffic on th.....»»
"The FOMC Packed A Huge Surprise" - Fed Now Comfortable With "Slightly" Negative Rates
"The FOMC Packed A Huge Surprise" - Fed Now Comfortable With "Slightly" Negative Rates While markets were focused on headline hot takes from today's FOMC statement, those reading between the lines and focusing on the market plumbing.....»»
ContainerPort sells container yard, depot operations
The sale is part of a larger strategic plan for parent company World Group to streamline services......»»
Personal Finance Daily: Americans scroll Amazon and Walmart for bargains — yet choose pricey healthcare services and throw away hundreds of dollars, and Texas AG sues energy provider over ‘sky-high’ rates after massive winter storm
Tuesday’s top personal finance stories.....»»
Oil Surges After Saudis Slash Price Discounts In Bid To Prop Up Market
Oil Surges After Saudis Slash Price Discounts In Bid To Prop Up Market After slumping much of yesterday, Brent soared on Thursday morning, after Saudi Arabia stepped in to prop up the recovery in the energ.....»»
An ongoing list of food businesses, delivery services, and restaurants donating to healthcare workers on the front lines
Donating food is an easy way to support and fuel healthcare workers on the front lines of the coronavirus pandemic. Businesses like Goldbelly and Sweetgreen are giving meals and box.....»»
How Canceled Sailings Will Impact US Ports – And When
Container lines have "blanked" (canceled) an unprecedented number of sailings to bring capacity in line with coronavirus-stricken cargo demand. read more.....»»
TechnipFMC cuts executive pay and dividend as pandemic fallout bites
Oil services company TechnipFMC said on Wednesday it would slash the salaries of executives and retainers paid to company directors by 30%, after cutting its dividend by 75% in search of savings to cushion the impact of the novel coronavirus outbreak......»»
US import Plunge Inevitable As Canceled Sailings Mount
Container lines provide a window into the future of U.S. landside cargo flows, not in the sense of reading tea leaves or palms, but in the sense of inevitability, like death and taxes. read more.....»»
Hungry Americans are waiting in miles-long lines as food banks struggle to keep up with demand. Here"s a look at how rising unemployment and dwindling volunteer pools are impacting US food pantries.
REUTERS/Lucy Nicholson As national unemployment rates swell amid the coronavirus, food banks around the country have become ove.....»»
MSC Container Line Websites Back Online After Five-Day Outage
The online services of Mediterranean Shipping Company (MSC), the second largest container line in the world, are now back online after an extended outage. read more.....»»
Container Lines Face "Profound" Threat As COVID-19 Sparks Unprecedented Surge Of "Blank" Sailings
Container Lines Face "Profound" Threa.....»»