A softening of demand combined with record production of new containers last year has forestalled a container shortage. Despite the significant number of containers held up in North America and Europe, ocean carriers, importers and forwarders said that shippers are not facing difficulties obtaining container equipment in China and other points of origin in Asia. […]
Read MoreSources close to the West Coast longshore labor negotiations believe that a deal could materialize in August or September with little disruption on the docks. Those who agree with this sentiment said recent joint statements from the International Longshore and Warehouse Union (ILWU) and the Pacific Maritime Association (PMA) to keep cargo moving and operations […]
Read MoreThe Port of Long Beach achieved its most active June and busiest quarter on record, boosted by increased consumer demand as retailers stock shelves for back-to-school shopping. Dockworkers and terminal operators moved 835,412 twenty-foot equivalent units in June, up 15.3% from the same month last year and surpassing the previous record set in June […]
Read MoreOverall, China’s total container volumes have only seen a marginal contraction of 2.5% in April despite pandemic-related lockdowns in Shanghai. Even though Shanghai port recorded a -25% drop in containers handled in April, much of that volume was redirected with seven of the ten largest container ports located in China, The McCown Report assessed. Cargo […]
Read MoreContract talks started on May 10th between the Pacific Maritime Association (PMA) and International Longshore and Warehouse Union (ILWU), the two parties who represent many of the companies and workers that keep U.S. West Coast ports running. Labor Union representing port workers on the U.S. West Coast. More than 22,000 workers employed at 29 ports […]
Read More12% of U.S. gross domestic product is linked to cargo moving through the 29 West Coast ports. The stakes are particularly high at the Ports of Los Angeles and Long Beach which process 31% of waterborne containerized imports and exports in the U.S. The twin ports have long reigned as the ‘Asia gateway’ for imports […]
Read MoreU.S. ports occupy the top five positions with New York having the most expensive Demurrage and Detention (D&D) charges followed by the ports of Long Beach, Los Angeles, Oakland and Savannah. All five of these ports are more than two to three times more expensive than seventh-placed Hong Kong and at least 20 times more […]
Read MorePeak season for container shipping typically occurs in the third quarter of each year. This is a time when goods are shipped from manufacturing centers in Asia and elsewhere to Western markets like North America and Europe. Herbert Lee, Shipco’s regional director for Hong Kong & South China, describes what happens when demand for shipping […]
Read MorePublic attention has waned two years into the crisis that disrupted global supply chains, giving the impression that everything is back to normal. On the ground, the US’s busiest port complex is still battling bottlenecks across the board. Responsible for 42% of all containerized trade with Asia, the US’s largest hubs of Los Angeles and […]
Read MoreAir cargo revenues have doubled over pre-pandemic levels, marking 2022 as one of the industry’s strongest years ever the International Air Transport Association (IATA) said. Air cargo is expected to continue supporting the industry’s performance. Volumes are projected to rise this year even as cargo yield moderates with the additional belly capacity […]
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