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...
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...
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...
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...
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...
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...
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...
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...
(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. ...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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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