Ocean Shipping Rates Plunge: Just A Blip Or The End Of Globalization?

Just as trucking spot rates are hitting two-year lows, ocean shippers are see.....»»

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.....»»

"We will see ripple effects continuing into the second half of May," Lars Mikael Jensen, head of Maersk's Global Ocean Network, told The Financial Times. Th.....»»

Dollar Dump Sparks Bid For Bonds, Bullion, Bitcoin, & Big-Tech The Dollar resumed its freefall today, back to pre-FOMC plunge levels today... Source: Bloomberg ...and it's gone... The short-term rates market continued it.....»»

JPMorgan said if this situation is not resolved soon, investors can expect shipping rates to soar and global inflation to continue to rise. The Ever Given, tr.....»»

In ocean shipping, present success often breeds future failure. Across the decades, freight-rate spikes have.....»»

Europe's biggest bank reported lower profits in three of its four divisions in 2020, but its gains in Asia offset its losses in Europe. HSBC. Andre.....»»

The largest U.S.-listed dry bulk shipping companies are buying up ships in the secondhand market in anticipation of higher rates ahead. read more.....»»

Maersk said the US Coast Guard and relevant authorities have been notified and its preparing a.....»»

The Baltic Dry Index (BDI) rose to fame in the mid-2000s as a leading indicator of the global economy. If the BDI went up, ind.....»»

Experts warn rates are below levels where companies can run trucks profitably......»»

Leah Millis/Reuters/Cliff Owen/AP Trump again accused Amazon of taking advantage of the US Postal Service, challenging the company to "build their own p.....»»

Mexico Cuts Rates 50bps In Surprise Move, Warns Of GDP Plunge In a unanimous decision.....»»

Dry bulk has been the "Wile E. Coyote" of ocean shipping for the past decade – forever chasing after profits only to lunge at empty air and repeatedly fall straight off a cliff. read more.....»»

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.....»»

To hear President Donald Trump tell it, there's nothing wrong with the finances of the U.S. Postal Service (USPS) that a parcel rate hike, notably on Amazon.com Inc. (NASDAQ: AMZN), its largest shipping customer, wouldn't cure. read more.....»»

Coronavirus fallout for container shipping is now in full swing. read more.....»»

Good news for ocean carriers: The cost to transport a container from Asia to the U.S. is up year-on-year by double digits. Less-good news: The upward momentum of rates seen last week is gone. read more.....»»

A hike in interest rates, combined with a massive shutdown of the economy caused homeowners and potential homebuyers to back away from the mortgage market......»»

Ocean shipping is passing through multiple stages of coronavirus fallout, and the journey appears far from over. read more.....»»