by Lisa Baertlein (Reuters) - Incoming cargo to the Port of Los Angeles is surging as businesses restock depleted inventories and retailers prepare for an early holiday season, the executive director for the nation’s busiest seaport said on Wednesday. Workers unloaded 471,795 20-foot equivalent units (TEU) of imports in September, 17% more than the year earlier, marking the … [Read more...]
Container Costs Risk Spiraling Out Of Control
By Sam Whelan (TheLoadstar) Container shipping costs and service levels are at risk of spiralling out of control, according to Drewry. As well as a massive withdrawal of capacity since the start of the Covid-19 crisis – 468 blanked departures on east-west trades – the analyst said schedule reliability had been “extremely low”. “In the first half of the year, fewer than … [Read more...]
Coronavirus May Lead to ‘Largest Decline in Shipping Volumes in Living Memory’
Photo: tcly / Shutterstock By Gavin van Marle (The Loadstar) - As the retail industry across Europe and North America begins to effectively shut down as governments enforce widespread social lockdown, there are increasing warnings that the container shipping industry is set to see some of the largest declines in volumes in living memory. According to liner analyst … [Read more...]
Shipping Containers in Short Supply
hxdyl / Shutterstock By Jen Skerritt (Bloomberg) -- A shipping container shortage that’s left everything from Thai curry to Canadian peas idling in ports may be about to get a whole lot worse as China steps up its coronavirus precautions on incoming vessels. Unloading holdups in China and delays on the return of vessels when the outbreak was largely limited to Asia has … [Read more...]
Digital Container Shipping Association Publishes IMO Cyber Security Mandate Guidance
Photo: Avigator Fortuner / Shutterstock The Digital Container Shipping Association (DCSA) has rolled out its cyber security guidance to prepare shipowners and vessels for the International Maritime Organization’s pending cyber security mandate. The DCSA is a neutral, non-profit founded by major ocean carriers to digitize and standardise the container shipping … [Read more...]