The articles excerpted on this site report on the state of the industry as seen by mainstream media, and do not necessarily reflect the opinion of the officers of the ILWU Coast Longshore Division.

Panamax containerships enjoy rate boost from west coast congestion crisis

From The Loadstar:

Aggressive scrapping, a dearth of newbuilds and port congestion has given the Panamax containership sector a welcome boost and pushed daily charter rates to their highest level in four years.

Meanwhile, the current port congestion crisis afflicting the US west coast is providing a further boost to the sector. Although Panamax ships […]