Although container shipping in and out of the Black Sea remains a relatively niche trade, a Russian invasion of Ukraine could have catastrophic consequences for global container supply chains. At the Freightwaves Global Supply Chain conference yesterday, Vespucci Maritime CEO Lars Jensen warned that the ripple...
Two U.S. congressional oversight panels have opened an investigation of three major ocean carriers, alleging that their dramatic rate hikes charged to shippers may have fueled inflation. Leaders of the Select Subcommittee on the Coronavirus Crisis and the Subcommittee on Economic and Consumer Policy – which...
Ocean Updates Maersk Update on Halifax Port Omissions Maersk has provided an update on the multiple Halifax port omissions it has experienced since end of quarter 4, 2021: The operational environment has been extremely challenging and has impacted vessel proforma schedules due to numerous reasons, including, but not...
Air Updates Shippers Turning to Air Freight as Part of Longer-Term Business Model Fed up with congestion at major container gateways and poor liner service levels, some shipper customers that previously used air freight only as a last resort have now made it part of their business...
Congestion at East Coast North America container ports worsened as more ships diverted to avoid West Coast gridlock, further delaying the flow of goods to consumers and effecting now the East Coast terminal, sources said Feb. 22.There were 31 ships anchored off the Port of...
Please note that currently Vancouver and Prince Rupert are experiencing delays with dwell times and longer berthing times for vessels. Currently, we are seeing delays of two to four weeks in delays for vessels docking in comparison to their original ETA.The empty return situation has...
Market Overview LA/LB port congestion remains with over 100 vessels anchored at any given time while idle ships have increased across Oakland, Charleston, New York, and Savannah. Trucking rejection rates hover around 20% for 2022 versus the 5% seen in 2020 pointing to the lack of...
Schedule reliability among the major container shipping lines hit a new low at the end of 2021 with the expectation being that with continuing port congestion there is unlikely to be a significant improvement. New data from Sea-Intelligence shows that containerships’ ability to maintain published...
With containers overflowing in and out of its borders, the operators of Yantian terminal, the largest port facility in Shenzhen, have from today ruled that full containers can only be trucked in four days before vessels are due to berth. Shenzhen, the world’s fourth largest container...
America made it through Christmas without too many bare shelves, despite historic port congestion. Goods were brought in early and shoppers shopped early. Holiday sales were up 11% from 2019, pre-COVID. Consumer fears of a holiday shortage appear to have spiked in October, then pulled back...
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