marketcrash
bitcoincrash
pensions
nationaldebt
bubble
risk
debtcollapse
shipping
09/01/2023
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By Zoey Sky
Severe DROUGHT affecting Panama Canal threatens at least 40% of the world’s cargo ship traffic
A severe drought is threatening to disrupt shipping on the Panama Canal, the crucial waterway responsible for transporting 40 percent of the world’s cargo ship traffic. An estimated two-thirds of the canal’s traffic is either headed for or leaving the United States. The products that typically ship through the canal include petroleum products, grains, canned and refrigerated foods, […]
08/23/2023
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By Ethan Huff
Worsening DROUGHT creates “big mess” at Panama Canal; 200 ships stuck in major BOTTLENECK at one of world’s most important trading routes
Ever-worsening drought conditions in Panama have created a major shipping bottleneck at the Panama Canal, which has a “parking lot of vessels” piling up on both sides with no end in sight. Lack of water in the area has made it extra difficult for some ships to make it through one of the world’s most […]
05/02/2023
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By Arsenio Toledo
Cost of shipping cargo across the seas in freefall due to lower demand
Shipping rates all over the world are continuing their freefall, with the latest victim being spot rates for the trans-Atlantic shipping routes. Container rates have sunk since peaking in August last year, with long-term ocean freight rates falling by as much as 24 percent. (Related: Global shipping to split into Western and Eastern blocs soon.) According to the […]
03/24/2023
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By Ethan Huff
The climate cult is destroying international shipping … and global supply chains along with it
The ratio of crude tanker capacity currently on order to crude tanker capacity currently in service has plummeted to an all-time low of just 2.7 percent, this due to pressures from the global warming crowd to “decarbonize” the shipping industry. Because the writing is on the wall concerning the use of earth-based fuels like oil […]
02/10/2023
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By Belle Carter
Amazon, DHL reduce cargo flights as consumer demand weakens
The Air Transport Services Group (ATSG) announced earlier this week that two of its major partners – technology and retail giant Amazon and logistics firm DHL Express – are reducing flight schedules for their contracted fleets in response to weaker e-commerce demand. ATSG provides aircraft leasing and outsourced transportation services for cargo customers. While it issued an outlook for […]
12/22/2022
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By Cassie B.
UPS and FedEx expected to raise shipping rates by as much as 10% next year
Shipping costs are expected to rise by 8 to 10 percent next year at the nation’s two biggest package delivery companies, UPS and FedEx. This is according to a recent report by the shipping consultancy TransImpact, who is predicting that despite the increases, there will be very little difference between the prices offered by the […]
11/24/2022
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By Belle Carter
PLUMMET: Maritime, rail and trucking demand DROPS sharply from pandemic era peak
Container imports, rail intermodal shipments and truckload demand have dropped sharply from their lofty peaks during the Wuhan coronavirus (COVID-19) pandemic era. The Inbound Ocean TEUs Index (IOTI), which measures container import bookings, is currently just six percent higher than in November 2019, after averaging 80 percent above pre-pandemic levels through most of 2021. Loaded […]
11/17/2022
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By Belle Carter
LA Port’s October imports drop 28% year-over-year as labor negotiations drag on
The Port of Los Angeles has reported that its total throughput in October was 678,429 20-foot equivalent units (TEUs), almost 25 percent less compared to the same month last year. Meanwhile, imports totaled 336,307 TEUs – down 28 percent year-over-year. The biggest drag was from incoming cargo that has shifted to the East and Gulf […]
11/07/2022
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By JD Heyes
Shipping giant Maersk forecasts ‘dark clouds on the horizon’ for global trade as supply chain crisis worsens and consumer demand plummets
As bad as the ongoing supply chain crisis has been thus far, it is going to get much worse, according to the world’s global trade barometer Maersk, a Danish company. The company, “one of the world’s largest container shipping firms, on Wednesday posted record profit for the third quarter on the back of high ocean […]
11/03/2022
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By Belle Carter
Freight companies expect “muted peak season” due to waning retailer demand
Freight companies are now preparing for what executives are calling a “muted peak season” as diminishing shipping demand from overstocked retailers ripples across the country’s shipping markets. According to the Wall Street Journal (WSJ), the changes are cascading across freight operations, cutting into inbound shipping volumes and bringing fewer goods onto the roads. “The fourth […]
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