Today we continue our examination of freight rates and the outlook of the international shipping industry for 2021. Part 1 of this series looked at the high freight rate prices the international [...]
What's happening with freight rates, and shipping costs in general, in 2021? Are they finally coming down after soaring to record highs in 2020, staying the same, or becoming even more [...]
This is a guest post by Jake Rheude. The final days of 2020 ended with some of China's highest container rates in recent memory coupled with port congestion, space demands, and other metrics [...]
This is a guest post by Paul Zhang. The epidemic made the entirety of 2020 beyond all expectations. Global trade stirred by the "black swan" of the epidemic ushered in a great recession and fell [...]
Transpacific freight rates, and freight rates in general, were astronomical in 2020, rising and rising until, at last, they reached a plateau around the end of September/beginning of October. [...]
For many, today couldn't get here quickly enough. At midnight tonight, we say goodbye to 2020 and hello to 2021, hoping for a better year. Traditionally, Universal Cargo has said goodbye to years [...]
Shippers importing goods from anywhere in the world – but especially China and other Asian countries – should expect to experience delays and fees. Right now, ports in Asia and the U.S. are [...]
In Part 1 of this series, we looked at the incredible opportunity presented to furniture importers and sellers by spiking demand that is predicted to stay strong over the next few years. In Part [...]
On Monday night, a violent storm hit an Ocean Network Express (ONE) containership on its way to the Port of Long Beach. A large number of shipping containers were lost overboard. Others were [...]
U.S. agricultural exporters are getting screwed. All the international shipping attention in the U.S. seems focused on importing rather than exporting. International shipping news sources, when [...]
Headlines about soaring freight rates are still prevalent in international shipping. In fact, just yesterday (November 18th), Marine Link published an article by Roslan Khasawneh called Container [...]
This is a guest post by Jonathan Miller. Given that as much as 90% of world cargo is transported by ships, it is curious that the general population knows so little about such a large and [...]
Could freight rates from China to the US actually rise again in November? There are a couple indicators that make it look like a possibility. Find out what's happening right now with cargo [...]
There's a new 2020 doomsday word floating out there: shipageddon. NBC, New York Times, and the Washington Post – none of which is my favorite news source – have all been throwing the word into [...]
This blog will get into what's happening with freight rates, cargo volume behavior, and implications those have for shippers through the rest of the year and into 2021. But first – and I promise [...]
Mark the International Maritime Organization (IMO) down as the latest international shipping industry player to be hit by cyber attack. There are no indicators to say the cyber attack on the [...]
Transpacific shipping is strong right now. Despite predictions by experts earlier in the year that 2020 would see no international shipping peak season, we have had and are in a strong one. Will [...]
There are many reasons why you might need to ship heavy machinery. If you’re in construction, you might have a whole fleet of backhoes, excavators and other equipment that need to travel [...]
It looks like the practices of ocean carriers during the pandemic and the resulting record-high freight rates have caught the attention of American and Chinese maritime regulatory [...]
The peak season continues to be strong, especially for transpacific ocean freight shipping. And surprise, surprise, equipment shortages are reported to have come with the strong peak [...]