Major shipping firms warn of worsening congestion at China’s Yantian port

Reuters Major shipping companies have warned clients of worsening congestion at Shenzen’s Yantian port in southern China following the discovery of several asymptomatic cases of COVID-19 in the city. Yantian International Container Terminal (YICT), one of China’s busiest container ports with an annual handling volume of more than 13 million twenty-foot equivalent units (TEU), has […]

Brace for impact: Data shows US import demand still rising

Record port volumes over recent months could be just the beginning Greg Miller, Senior EditorFollow on TwitterTuesday, May 4, 20210 9,972 4 minutes read As Deutsche Bank analyst Amit Mehrotra told American Shipper back in March, “You ain’t seen nothing yet.” He was right. The latest data reveals that despite a deluge of inbound cargo since the second […]

Egypt Seizes Ever Given Ship in Suez Canal, Demands Compensation

CAIRO—Egypt has seized the container ship that last month blocked the Suez Canal, the vessel’s owner said Tuesday, amid a dispute over how much compensation the country is owed following the weeklong shutdown of the waterway. The move turns up pressure on Ever Given’s Japanese owner to negotiate a settlement that Egyptian authorities are claiming should be roughly […]

Evergreen container ship blocks Suez Canal traffic

20,000-TEU Ever Given reportedly ‘stuck sideways’ Kim Link-Wills, Senior EditorTuesday, March 23, 20219 21,260 1 minute read Tweets of a ship “stuck sideways” in the Suez Canal may prompt skepticism. And then one sees the images. Indeed, a container ship is stuck sideways in the Suez Canal blocking both northbound and southbound traffic.  The ultra large container […]

Ports Continue to Set Records; Congestion Worsens on West Coast

More than 60 containerships sat in San Pedro Bay on Feb. 18, at the entrance to the sprawling ports of Los Angeles and Long Beach. The vessels are waiting for a slot to sail into those facilities to begin unloading their cargo and then start the nearly two-week trip back to China. But because of […]

Pandemic aftershocks overwhelm global supply lines

As shopping habits change, ports and cargo carriers struggle to keep pace By David J. LynchJan. 24, 2021 at 3:02 p.m. EST One year after the coronavirus pandemic first disrupted global supply chains by closing Chinese factories, fresh shipping headaches are delaying U.S. farm exports, crimping domestic manufacturing and threatening higher prices for American consumers. The cost of […]

Container shortages the biggest disrupter: where are all the empty boxes?

By Mike Wackett 01/12/2020 Some container vessels have been sailing from Asia to Europe under-utilised in recent weeks due to an acute shortage of empty boxes. A carrier source told The Loadstar: “We have had to sail light a few times recently as there are just not enough boxes at depots [in China] to meet the demand.” All carriers […]

Liners highly unlikely to slash service for Chinese New Year

Every year, the global supply chain grapples with a major disruptive event: Chinese New Year (CNY). Volumes at sea plunge as Chinese factories shut down. Carriers temporarily “blank” (cancel) sailings due to lack of outbound boxes. Importers pull cargoes forward before the holiday to ensure they have enough inventory. CNY falls on a different date […]

Trans-Pacific shipping rates just popped to new all-time high

Is this the end of the mysterious trans-Pacific rate plateau? The good news for ocean carriers — and bad news for shippers — is that rates are rising yet again. Base spot rates for container shipments from Asia to the U.S. West Coast had been curiously flat since late September. Rates kept to a narrow […]

Demand growing for priority trans-Pacific services from Vietnam

Bill Mongelluzzo, Senior Editor | Aug 24, 2020 12:38PM EDTPrint      APL Logistics now serves 13 load ports in Asia with its OceanGuaranteed product, including Haiphong and Ho Chi Minh City in Vietnam. Photo credit: APL Logistics Monday announced the addition of Haiphong, Vietnam, to its OceanGuaranteed product, a move that capitalizes on importers’ requirements […]