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Container Recent News

More Container Ships Score 'Astronomical' $100,000/Day Rates
Multi-month container-ship charters continue to be signed at jaw-dropping rates above $100,000 per day. The market is getting even tighter, pushing charter rates and durations higher still. Even so, there's something to be said for shipowners taking a few chips off the table — and some are.
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Port Houston Volume Jumps 30% Year-Over-Year In May
Port Houston handled 288,127 twenty-foot equivalent units (TEUs) in May, a 30% increase compared to the same month in 2020. "Cargo means jobs," Ric Campo, chairman of the Port of Houston Authority, said at the port commission meeting Tuesday.
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Hapag-Lloyd Orders 6 More 23,500-TEU Ships At Cost Of $852M
Hapag-Lloyd has doubled its container ship order, commissioning a South Korean shipyard to build six more mega-vessels.
Container Ship Scores 'Off The Charts,' 'Fantasy' Charter Rate: $135,000/Day
In a sign of just how frenzied the container market has become, a freight forwarder is reportedly paying $135,000 per day for a short-term charter of the S Santiago, a container ship with a capacity of 5,060 twenty-foot equivalent units (TEUs). "Charter rates for short employment … have gone out of control," said Alphaliner in its new weekly report.
Port Houston Container Volume Up 25% In April
Activity at Port Houston rose again in April, showing growth in containers and higher demand for steel, according to the company's release.
PierPass: OffPeak Program Diverted 48 Million Truck Trips
PierPass Inc. said Tuesday its OffPeak program has taken 48 million truck trips out of daytime Southern California traffic since its launch 15 years ago.
Asian Trade Reveals Economic Distress
The views expressed here are solely those of the author and do not necessarily represent the views of FreightWaves or its affiliates. 
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CAI International Reports Container Lease Revenue Increase
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Box Line "Predatory Pricing" Undermining Rates
New Data Standard Aims To Ease Smart Container Tracking
Port Of Long Beach Offers Incentives To Attract More Container Cargo
Port Report: Drug Busts On Boxships Rises As Does European Trade
FMC Extends Comment Period For Container Availability Rule
What Peak Season? Key Container Trade Hardly Bumped, Says Analyst
A Bar Too High?
GPA Doubling Container Capacity
Container Conundrum