The world’s 30 busiest container ports saw growth slow in 2022. According to Alphaliner, volumes at the 30 busiest ports rose by less than 1% year-on-year (y/y) to 454 million TEU in 2022. China was the main driver of the gains and, to a lesser extent, the Middle East. China’s top 10 ports achieved […]
Read MoreConcerns are rising among West Coast ports as negotiations resume between the International Longshore and Warehouse Union (ILWU) and Pacific Maritime Association (PMA). The slow pace of contract talks is negatively impacting import and export shipping business. January container volume numbers show a significant year-over-year drop at the ports of Los Angeles and Long […]
Read MoreChina’s major ports are facing a growing stack of empty containers, leading to the relocation of surplus boxes to secondary ports to create more space. Container xChange’s Container Availability index (CAx) shows that Shanghai, Ningbo, Tianjin, and Shenzhen ports have recorded a surplus of containers above 0.6 for 11 consecutive weeks as of February 5, […]
Read MoreWhen Malcom McLean introduced the world to container shipping in 1956, it not only touched off a seismic shift in the way cargo was handled but also the equipment and infrastructure needed to support containerized operations. Loading and unloading cargo from ships piece by piece in breakbulk operations, a process that could take days and […]
Read MoreThe ports of Los Angeles and Long Beach have announced plans to phase out the program created to ease severe congestion on the West Coast. The container dwell fee policy will end on January 24, 2023. Neither port had ever issued the fee since it was announced on 25 October, 2021. The two ports […]
Read MoreMSC’s growth as the world’s largest container shipping company is continuing unabated despite continuing signs of a near-term softening in the market and falling demand. The carrier, which was tied with Maersk at the beginning of 2022 for the largest carrying capacity, has continued to expand. At the end of last week, two more […]
Read MoreEffective ocean carrier capacity will be decreased by up to 15% between 2023 and 2024, a result of new global fuel efficiency rules, along with slow-steaming and scrapping. The reduction will occur in spite of a continuous increase in newbuilding deliveries, container shipping analyst Lars Jensen has said. Total container shipping capacity will expand […]
Read MoreCarriers have boosted the number of blanked sailings, eliminating around 1.5m TEU of capacity over the last 12 weeks to counter plummeting spot rates. However, rates have collapsed by -46.3% over the same period, Xeneta data shows. This is the highest number of blanked sailings on this key trade since January and February, at […]
Read MoreThe tight U.S. chassis supply has been a contributing factor in port and rail congestion for more than a year. However, relief is coming, according to Bernard Vaughan, a U.S. chassis executive, who for decades served as the chief lawyer for chassis provider Flexi-Van Leasing. Vaughn, now principal at Vaughan Advisors, told the New […]
Read MoreAccording to data from Industrial real-estate services firm JLL, logistics and distribution firms and 3PLs are the top takers of warehouse space in the U.S., accounting for 15% and 13.1% of the total area respectively (see Figure below). The tightness in warehousing space for the 3PL industry in the U.S. has exponentially increased lease […]
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