Half-empty warehouses in US retail trade could be good news for container lines, which can look forward to the current earnings boom in the container market continuing throughout the year.
If sales developments follow the usual trend, the US retail sector needs to replenish its stockpiles in the coming months. Stockpiles - compared to retail sales - are now at a historic low, reports analyst firm Sea-Intelligence.
Get full access for you and your coworkers.
Start a free company trial todayAlready a member? Log in.
More from ShippingWatch
Teekay Tankers goes red but eyes recovery in the long term
The weak tanker market pulled Teekay into the red in the second quarter, and the Canadian company points to continued uncertainties in light of the Covid-19 pandemic while noting improvements in sight.
Esvagt strikes huge deal with Totalenergies
The French oil major expands its partnership with the Danish service carrier, which secures long-term contracts on eight vessels that will now deliver far more than safety solutions. The agreement is expected to create jobs for more than 160 seafarers.
Western Bulk aims for listing in third quarter
The strong dry bulk market is prompting Norway's Western Bulk to aim for a listing in the third quarter. The carrier projects that the market will strengthen in the second half of the year.
FMC fast-tracks inquiry into eight container carriers' extraordinary surcharges
The US Federal Maritime Commission is launching an expedited inquiry into eight container carriers in connection with surcharges introduced at the currently red-hot market. The carriers have a week to provide additional information.
Daily rates on multipurpose market doubled in a year
Multipurpose carriers are profiting from the current container chaos and shortage of available shipyard capacity. The daily rates have doubled in 12 months, according to Toepfer's Multipurpose Index.
Naval Architects x4 - South Coast UK 
Payroll Specialist to new crewing organisation in offshore wind - Cadeler 
Dry Cargo Brokers for Simpson Spence Young - Bidsted, Copenhagen 
Vessel Manager in TORM