Shanghai container port has been operating but the lack of trucking capacity has resulted in chaos in supply chains. According to a global forwarder, trucking and entry problems are creating pressure at some yards in Shanghai port. Additionally, some carriers which include Maersk and ONE, have “started to cancel calls at Shanghai to instead provide […]
Read MoreCovid lockdowns in China Lori Ann LaRocco, CNBC Senior Editor, joins Worldwide Exchange to discuss the global supply chain crunch, and how Covid lockdowns in China are creating shipping clogs at the ports.
Read MoreAccording to Sea-Intelligence, missing vessel capacity escalated in January 2022, with 13.7% of the fleet unavailable. The capacity absorption data shows that February recorded a slight improvement at 11.6% (see Figure 1). Schedule reliability for February will likely be worse than what is being reported now. Sea-Intelligence explains that due to certain cases having protracted […]
Read MoreA report The impact on trade and development of the war in Ukraine by the United Nations Conference on Trade and Development (UNCTAD) warns 1.5 million containers of Asia-Europe rail cargo could be re-routed to the ocean freight market and drive freight rates even higher. The war between Ukraine and Russia has disrupted land and […]
Read MoreU.S. importers are already starting to reset their supply chains to avoid disruptions ahead of potentially contentious contract talks this summer between West Coast dockworkers and the companies that manage the flow of goods through ports. Some shippers are pulling forward their holiday-season orders to get them into domestic networks early, logistics operators said, and […]
Read MoreThe cost of fuel reflects the most immediate impact on shipping of the conflict. However, in the weeks ahead, analysts predict a broad fallout from Russia’s aggression which has generated widespread condemnation and protests too from ordinary Russian people. The bunker price hikes did not mirror the leap in spot crude prices which saw Brent […]
Read MoreGlobal port congestion will continue going into Q2, container shipping analysts tell shippers. Asia-based Linerlytica reports escalating port congestion at North America, with ports on both the East and West coasts recording new highs. The company calculates that 10% of the global containership fleet, the equivalent of 2.53m TEU, is presently tied up by port […]
Read MoreIn 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 not due to changing the […]
Read MoreThe 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 the Omicron variant […]
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 tonnage before […]
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