By Dominic Pino National Review In February port congestion seemed to be reaching a plateau. The evidence to support that conclusion was the line of ships waiting for a berth at Los Angeles/Long Beach, which had seen a steep decline for the first time in a while. Unlike in the past, it seems that was […]
Read MoreSource: Reuters The World Trade Organization’s (WTO) chief economist said last week that global trade bottlenecks are the result of a surge in demand rather than a supply chain disruption. The expectation is for pressure to ease in the coming months. The WTO had believed demand for goods would slow in early 2022 but […]
Read MoreThere is growing agreement in the maritime industry that current supply chain disruptions will persist throughout 2022. Alphaliner reported a 26% surge in container ships purchased in 2021, the equivalent of 1.94 million twenty-foot equivalent units (TEUs). In the charter market, rates have reached record highs. Alphaliner said liners have acted to secure […]
Read MoreMike Schuler gCaptain The International Chamber of Shipping is calling on shipping stakeholders and governments to help prevent Russian and Ukrainian seafarers from becoming ‘collateral damage’ in the conflict between Russia and Ukraine. According to a 2021 report published by BIMCO and ICS, there are 1.89 million seafarers operating over 74,000 vessels in the global merchant fleet. The […]
Read MorePort congestions in North America and Europe continue to put pressure on the Carriers’ schedules, as vessels are not making the journey back to Asia timely. The port overwhelms in Los Angeles and Oakland (currently 1 to 3 weeks waiting time) has had ripple effects worldwide, with the Suez Canal and Yantian recent […]
Read MoreEffective April 1, 2022 All containers going through the container terminal gates at the Ports of Los Angeles and Long Beach MUST PAY the Ports’ Clean Truck Fund (CTF) Rate. This is a different local Government fee and in addition to the current PierPASS Fee. The Clean Truck Fund rate is a key component of […]
Read MoreInternational Shipping News After two weeks since Russia’s invasion of Ukraine, there seems to be a negligible impact on the container prices and leasing rates in China. Container availability has improved soon after the Chinese New Year until Friday across key ports in China. However, with the announcement of nationwide lockdowns, the supply chain […]
Read MoreMike Schuler gCaptain Danish shipping giant Maersk has confirmed that it has been subpoenaed by the U.S. Department of Justice related to ongoing investigations into ocean carriers and supply chains disruptions. The subpoena, which has not been confirmed publicly by the DOJ, comes as the Biden Administration is ramping up pressure on international ocean carriers and […]
Read MoreBy Gavin van Marle THE LOADSTAR The spectre of blank sailings may be about to return to haunt shippers and forwarders on the Asia-Europe trades, as carrier begin to cancel departures in an effort to restore schedule reliability. Japanese carrier ONE this morning told customers THE Alliance would cancel three sailings on the FE2 […]
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