Tuesday, February 2, 2021
Monday, January 25, 2021
Shipping’s Container Crunch Showing Signs of Easing
By Brendan Murray (Bloomberg) — A global shortage of shipping containers that’s sent ocean freight rates skyrocketing shows signs of easing, according to an index that tracks the steel boxes used...
Friday, January 8, 2021
Boxship Space in Asia Now Going, Going, Gone – to the Highest Bidder
By Mike Wackett (The Loadstar) – Major forwarders are engaged in fierce bidding wars in China, in order to secure equipment and space to North Europe. And several carriers are reported to...
Thursday, January 7, 2021
U.S. Trade Gap Widened to Second-Biggest on Record in November
By Eric Martin (Bloomberg) — The U.S. trade deficit widened to the second-largest on record in November as merchandise imports reached a more than one-year high in the midst of the...
Tuesday, December 29, 2020
Wednesday, December 23, 2020
Freight Boom Fires Buffett Trains, Maersk Ships and Oil Prices
By Alaric Nightingale, Jeffrey Bair and Christian Wienberg (Bloomberg) — A great global restock is at hand, filling ships, trucks and trains, and also firing oil demand. During the depths of...
Wednesday, December 16, 2020
COVID Restocking Surge Continues at Port of Los Angeles
The Port of Los Angeles reports that November cargo volumes were up more than 20 percent compared to last year on a combination of increased consumer spending, holiday shipments and...
Thursday, December 10, 2020
World Shipping Council: Assessing the COVID Cargo Crunch
(World Shipping Council) – To say that current trade conditions are challenging would be an understatement, particularly in North America, which is experiencing an unprecedented surge in imports from Asia. ...
Boxed Out: China’s Exports Pinched by Global Run on Shipping Containers
By Stella Qiu, Shivani Singh and Roslan Khasawneh BEIJING/SINGAPORE, Dec 10 (Reuters) – China’s world-beating economic rebound from the coronavirus pandemic is being blunted by a global shortage of shipping containers, sending...
Wednesday, December 9, 2020
Tuesday, November 24, 2020
Container Crunch Means It Pays More to Sail Empty to Asia
By Ann Koh (Bloomberg) — Shipping carriers seeking to capitalize on the most lucrative trade routes are returning empty cargo containers to Asia, contributing to freight rates that have soared to...
Sunday, November 22, 2020
Boatloads of Cargo Off Los Angeles Grind Gears of World Economy
By Brendan Murray (Bloomberg) — A flotilla of almost a dozen cargo vessels sits anchored just south of Los Angeles this weekend, waiting for berth space. Around the twin ports of...
Friday, November 20, 2020
Canadian Pea and Lentil Exports Hit by Container Shortage
By Marcy Nicholson (Bloomberg) — A shortage of containers at Vancouver’s port is slowing Canada’s exports of lentils and peas, the latest ripple in a phenomenon that has roiled trade. Companies...
Port of Los Angeles Reports Busiest Month Ever on Loaded Imports, Empty Exports
The Port of Los Angeles processed a little over 980,000 twenty-foot equivalent containers in October to set a new record for the busiest month in the port’s history as imports...
Wednesday, November 18, 2020
Container Freight Rates Continue Surge on Strong Restocking Demand
SINGAPORE, Nov 18 (Reuters) – Global container shipping rates have surged to records on a spike in restocking demand in the United States and Europe, container scarcity at export hubs, and changes...
Monday, November 9, 2020
Monday, October 26, 2020
Container Lines Expect U.S. Import Boom to Lose Steam
By Jonathan Saul and Lisa Baertlein LONDON/LOS ANGELES, Oct 26 (Reuters) – Surging shipments into the United States are fueling record high freight costs and logjams at seaports, but transportation...
Thursday, October 15, 2020
Trade Imbalance Hits American Crop Exports With Lack of Containers
By Michael Hirtzer (Bloomberg) — With the U.S. importing more goods than it’s exporting, shipments of American cotton, grain and hay are getting squeezed due to limited availably of shipping containers. Peter...
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