Thursday, June 10, 2021
Shipping

Container Shortage Worsens as Ships Avoid Chinese Ports That Need Empties

By Mike Wackett (The Loadstar) – The availability of containers at southern Chinese ports continues to deteriorate as carriers omit calls due to a wave of Covid outbreaks in Guangzhou province. According...

June 10, 2021
Total Views: 23542

Monday, May 3, 2021
Container-ship Departure Houston
Maritime News

Sea Cargo Chaos Intensifies In The Summer Of Sold-Out Ships

By Brendan Murray (Bloomberg) Container shipping rates are heading higher again, driven to new heights by unrelenting consumer demand and company restocking from Europe to the U.S. that are exhausting...

May 3, 2021
Total Views: 13451

Thursday, April 15, 2021
Shipping

Hapag-Lloyd Places Huge Container Order to Combat Global Box Shortage

German shipping company Hapag-Lloyd has placed an order for 150,000 twenty-foot equivalent containers amid the pandemic-fueled container crunch in Asia and around the world. The boxes, ordered from China, include...

April 15, 2021
Total Views: 3176

Thursday, March 25, 2021
ever given stranded
Shipping

Suez Canal Closure Deepens Global Container Crunch

By Jonathan Saul and Lisa Baertlein LONDON/LOS ANGELES, March 25 (Reuters) – The suspension of traffic through the Suez Canal has deepened problems for shipping lines that were already facing disruption and...

March 25, 2021
Total Views: 3536

Wednesday, March 17, 2021
shipping containers
Shipping

Shortage of New Shipping Containers Adds to Global Trade Turmoil

By Bloomberg News (Bloomberg) — The world’s biggest makers of shipping containers are scrambling to meet a surge in demand for the metal boxes that shuttle some 90% of the goods around the...

March 17, 2021
Total Views: 7545

Wednesday, March 10, 2021
shipping container
Shipping

Exporters Take Unusual Steps to Ease Shipping Container Shortage

By Ann Koh and Rajesh Kumar Singh (Bloomberg) — Some of the world’s biggest exporters in Asia are intervening to alleviate a shipping container shortage that jeopardizes their overseas trading. Government-owned...

March 10, 2021
Total Views: 3675

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: 5527

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: 5428

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: 3470

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: 1975

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: 14181

Wednesday, December 23, 2020
china port
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: 10091

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: 2371

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: 2120

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: 2617

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: 1629

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: 4581

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: 7335

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: 2539

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: 3114