Category: Shipping

SINGAPORE—Global port congestion is set to continue until at least early 2023 and keep spot freight rates elevated, logistics executives said on Wednesday, urging charterers to switch to long-term contracts to manage shipping costs. Ship delivery times have lengthened amid the COVID-19 pandemic since 2020, pushing up freight costs, while the Russia-Ukraine conflict and lockdowns…

Investors have been assessing the health of the U.S. economy in recent weeks amid the rising inflation and the Fed’s rate hikes to cool inflation. The market has been on a wild ride.  “There’s a lot of headfakes going on. And unfortunately, we’re not going to get a lot of clean looks at the economy,…

Hermitage Offshore Services (OTCMKTS:HOFSQ – Get Rating) and ZIM Integrated Shipping Services (NYSE:ZIM – Get Rating) are both transportation companies, but which is the superior stock? We will compare the two businesses based on the strength of their institutional ownership, valuation, earnings, analyst recommendations, profitability, risk and dividends. Earnings and Valuation This table compares Hermitage…