Shenzhen might have got through the worst of another Covid lockdown, but the ripple effects of China’s battle with omicron are seeing ships back up along the nation’s coastline with carriers forced to change schedules to avoid growing congestion issues. Shenzhen came out of a seven-day lockdown yesterday, and while its port workers were allowed […]
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 MoreAverage vessel waiting times for berth and labor have improved significantly at the San Pedro Bay ports of Los Angeles and Long Beach in the past few weeks, halving the number of queueing ships to below 50. Moreover, according to the latest data from the Los Angeles Signal port optimizer platform, the average waiting time at LA […]
Read MoreAfter 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 must prepare for another […]
Read MoreDanish 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 shipping alliances that the […]
Read MoreAs an impact of the Chinese New Year linked import slowdown from China, followed by the latest Covid connected lockdown in various Chinese provinces, and the Russian invasion in Ukraine, Bangladesh’s shipping circle is facing severe equipment shortage. Ship liners fear a further spike of box shortages in the coming weeks as the situation further […]
Read MoreThe ports of Long Beach and Los Angeles on April 1, 2022, will begin collecting certain fees per twenty-foot equivalent unit on loaded import and export cargo containers hauled by drayage trucks as they enter or leave container terminals. The ports have set an industry-leading goal to achieve zero-emissions drayage trucking by 2035. The Clean […]
Read MoreThe global seaborne commodities trading map continues to be redrawn at a blistering pace in the wake of the Russian invasion of Ukraine two weeks ago. Yesterday, the United States announced a ban on Russian oil and other energy imports. “We’re banning all imports of Russian oil and gas and energy,” President Joe Biden said […]
Read MoreThe 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 and FE3 service departing Asia at the […]
Read MoreVessel capacity and service have been prioritized above price. Retailers and Importers have signed long-term contracts at significantly higher levels in Trans-Pacific Eastbound trades than in previous years, Xeneta reported. Rates have continued to climb the past two months even as contract negotiations continue. “Trans-Pacific contracts are catching up with spot market rates,” Alan Murphy, […]
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