Government, Business, Logistics

Rising Freight Rates Put Heavy Burden on Grain-Importing Nations

The war in Ukraine will put further pressure on grain-importing countries in Africa and Asia as a reduced number of vessels for delivering cargoes drives up shipping rates, according to the head of the International Chamber of Shipping.

Ann Koh | Bloomberg News
April 19, 2022
Government, Business, Logistics

Wave of US LNG Ships Headed to Europe Sends Freight Rates Below Zero

The cost to transport a shipment of U.S. liquefied natural gas to energy-starved Europe turned negative, a dramatic reversal that illustrates a growing glut of ships in the Atlantic ferrying American fuel.

Ann Koh | Bloomberg News
February 8, 2022
Government, Business, Logistics

Bulk Shipping Rates Extend Slide on Weak Demand From China

A slowdown in China’s steel production is curbing demand for bulk ships to transport iron ore, driving a steady decline in global freight rates from October’s peak.

Ann Koh | Bloomberg News
February 3, 2022
Business, Logistics

Shanghai Woes: Congestion Grows at World’s Biggest Port

Ships looking to avoid COVID-induced delays in China are making a beeline for Shanghai, causing growing congestion at the world’s biggest container port.

Ann Koh | Bloomberg News
January 13, 2022
Business, Logistics

Spot Rates Have Peaked, Some Shipping Lines Say

One of the world’s biggest shipping lines has decided to stop increasing spot freight rates on routes out of Asia to Europe and the U.S. as it sees an end to the rally that has put prices at record highs.

Ann Koh | Bloomberg News
September 14, 2021
Government, Business, Equipment, Safety

New Orleans Port Halts Container Terminals on Hurricane Ida

The port of New Orleans has halted container terminal and break-bulk operations as Hurricane Ida lashes the Louisiana coast with torrential rain and heavy winds.

Ann Koh | Bloomberg News
August 30, 2021
Business, Logistics

Maersk Loses 750 Containers as Seas Hammer L.A.-Bound Ship

One of AP Moller-Maersk’s containerships carrying goods from China to the U.S. lost part of its cargo in the Pacific Ocean during bad weather.

Ann Koh | Bloomberg News
January 22, 2021