Ocean carriers aim to expand travel times in an effort to boost scheduling flexibility and cut costs. They start adding more buffer time to schedules to alleviate the effects of persistent global port congestion. Hapag-Lloyd said today it added 13 weeks to the westbound schedule of its...
French container line CMA CGM is not the only carrier to reject booking requests from Asia on the overheated container market. Maersk and ONE both tell ShippingWatch they had to refuse some of their inquiries. Meanwhile, Hapag-Lloyd is calling the situation natural. "The situation is...
The production change from China to Vietnam is going up a notch, placing pressure on the country's container supply chains. With the IMF predicting 2.4 percent GDP growth, Vietnam is on track to become one of the world's fastest-growing economies in 2020, as many others collapse...
According to Drewry's report, cargo owners bear much of the cost burden of the ongoing congestion crisis impacting several container ports across the world – including company losses and additional costs – with ports themselves unlikely to experience major long-term repercussions. Ankush Kathuria, Drewry Maritime Financial...
It starts: forwarders begin to feel the pain as vaccine delivery begins – they get bumped from booked flights. "Singapore Airlines has loaded vaccines in Amsterdam for the past few days," one European air freight forwarder said, "I keep getting offloaded. It began." The UK-licensed Pfizer/BioNTech vaccine...
Serious backlogs at main South Asian transhipment port seem to improve after several weeks of difficulties leading to service cancellations, freight rollovers and supply chains disruption Extreme congestion that has plagued main South Asian transhipment port Colombo appears to ease after several weeks of trouble leading...
According to new research from monitoring data provider Ocean Insights, container rollovers at the world's leading transhipment ports started climbing again last month. After a global decline in rollovers during September, with almost every carrier, there were growing numbers of shipments missing their scheduled loadings. "This should...
The blurred smartphone videos from Sunday night in China look like something out of a science-fiction movie: hundreds of employees in the airport parking surge in white hazmat suits to block the exit. The staff is crying. The security officers shout back into the megaphones. The...
The retail sector has shown signs of resisting the impact of the coronavirus pandemic amid instability in the overall economy, a comprehensive Nov. 19 specialist. "Our economy has certainly improved considerably," said National Retail Federation Chief Economist Jack Kleinhenz during a panel discussion. "The turnaround was...
On Asian trade lanes, shipping lines slapped a raft of peak season and port congestion surcharges. Alphaliner said this week that SCFI spot prices for Chinese exports are expected to continue growing due to carriers' peak season surcharges on "numerous routes or significantly higher FAK rates...
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