A continuous deterioration in the accuracy of transit and arrival times in global container shipping means the sector is in the worst state it has been in for 50 years, according to Drewry Shipping Consultants. The situation is not expected to start improving until the...
LONDON, May 3 (Reuters) - Global supply chain problems look to set to worsen, a new report published on Tuesday said, as China's COVID-19 lockdowns, Russia's invasion of Ukraine and other strains cause even longer delays at ports and drive up costs.The study by analysts...
Production in spinning mills in this peak season has remained halted over the past six days because of a severe crisis of gas for overhauling at the Bibiyana gas field. Following the suspension in production, the millers are fearing that the export of garment items will...
The Shanghai lockdown is delaying shipping schedules in South China and bringing down spot rates. And now Guangzhou has become the latest port city to undergo mass Covid-testing, a frequent precursor to tough restrictions under China’s zero-Covid policy. City-wide testing began on Saturday evening, along with travel...
Congestion at North Europe’s container ports is on the rise again, causing ocean carriers to juggle their schedules and restrict import and export operations at terminals. Vessels are arriving at North European ports already delayed by supply chain disruptions in China, and with sanctioned Russian cargo...
In the U.S., the headwinds ocean carriers are sailing into are increasing in force. While the push in Washington for reform of the Ocean Shipping Reform Act is targeting antitrust immunity and calling for more curbs on carriers’ ability to impose charges, lawmakers in California are...
Terminals in Europe and North America have been told to brace for another whiplash effect from delayed shipments out of southern China. The cumulative TEU waiting time in days based on container vessel capacity (e.g., a vessel with a 10,000-TEU capacity waiting 12 days equals 120,000 TEU...
Update from John Brooks, Executive Vice-President & Chief Marketing Officer: CP and TCRC agree to enter into binding arbitration Dear customers, I am pleased to advise you that the Teamsters Canada Rail Conference (TCRC) – Train and Engine Negotiating Committee has agreed to enter into binding arbitration...
Rail and Truck Updates On Thursday, the Teamsters Canada Rail Conference (TCRC)-Train & Engine provided CP with its 72-hour strike notice to be effective 00:01 ET on Sunday, March 20. CP had previously issued notice to the TCRC of its plan to lock out employees at...
Pay-Anything Mood Grips U.S. Importers Fearful of Shipping Woes U.S. importers, straining under a tapped-out supply chain, are increasingly offering top dollar for long-term shipping contracts that may not even be honoured as they try whatever it takes to guarantee the arrival of their products. The pandemic-driven...