Tuesday, February 2, 2021
shipping container
Shipping

Global Food Trade Upended by Container Crisis

By Isis Almeida, Ann Koh and Michael Hirtzer (Bloomberg) — Food is piling up in all the wrong places, thanks to carriers hauling empty shipping containers. Global competition for the ribbed steel...

February 2, 2021
Total Views: 5240

Monday, January 25, 2021
Shipping

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...

January 25, 2021
Total Views: 5303

Friday, January 8, 2021
container terminal at port
Shipping

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...

January 8, 2021
Total Views: 3393

Thursday, January 7, 2021
Ports

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...

January 7, 2021
Total Views: 1957

Tuesday, December 29, 2020
Shipping

Year In Review – Top Maritime Stories of 2020

What a year! With 2020 coming to a close, we’re taking a look back at the maritime stories that continued to make headlines all year long. IMO 2020 The year...

December 29, 2020
Total Views: 13835

Wednesday, December 23, 2020
Ports

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...

December 23, 2020
Total Views: 10062

Wednesday, December 16, 2020
Ports

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...

December 16, 2020
Total Views: 2355

Thursday, December 10, 2020
port of long beach
Ports

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. ...

December 10, 2020
Total Views: 2104

Ports

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...

December 10, 2020
Total Views: 2581

Wednesday, December 9, 2020
Ports

Port of Long Beach November Volumes Jump 30%

The Port of Long Beach has reported its busiest November on record as retailers make the final push before the holidays. Dockworkers and terminal operators moved 783,523 twenty-foot equivalent units...

December 9, 2020
Total Views: 1617

Tuesday, November 24, 2020
shipping container port
Ports

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...

November 24, 2020
Total Views: 4560

Sunday, November 22, 2020
Ports

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...

November 22, 2020
Total Views: 7304

Friday, November 20, 2020
port vancouver
Shipping

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...

November 20, 2020
Total Views: 2518

Ports

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...

November 20, 2020
Total Views: 3046

Wednesday, November 18, 2020
Shipping

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...

November 18, 2020
Total Views: 1624

Monday, November 9, 2020
cargo containers
Maritime News

Container Crunch Roiling Transpacific Trade

By Brendan Murray (Bloomberg) — The humble shipping container has a new status in the Covid-19 pandemic: hot commodity. Shortages of the ribbed steel boxes that have plied the global...

November 9, 2020
Total Views: 447

Monday, October 26, 2020
port of los angeles cma cgm
Maritime News

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...

October 26, 2020
Total Views: 75

Thursday, October 15, 2020
shipping container
Maritime News

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...

October 15, 2020
Total Views: 62