Friday, January 15, 2021
Ports

Port of Long Beach Reports Busiest Year in 2020 Despite Headwinds

The Port of Long Beach moved a record 8.1 million TEUs in 2020 despite facing headwinds from the COVID-19 pandemic and the ongoing trade war with China. Total cargo volumes...

8 hours ago
Total Views: 377

Ports

Port of Los Angeles Reports Fourth-Busiest Year on Record in 2020

The Port of Los Angeles reported its fourth best year on record in 2020 as a late-year surge of pandemic-induced consumer spending helped boost volumes to near 2019 levels. In...

15 hours ago
Total Views: 420

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: 3067

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: 1845

Wednesday, January 6, 2021
Ports

European Shippers Claim Carriers are Breaching Contracts to Demand Higher Rates

By Mike Wackett (The Loadstar) As Asia-Europe container spot rates continue to skyrocket, shippers and freight forwarders are accusing carriers of breaching short- and long-term contracts to “charge whatever they want”. In...

January 6, 2021
Total Views: 2250

Monday, January 4, 2021
Shipping

No Happy New Year for Shippers as Rates Stay Sky High

By Mike Wackett (The Loadstar) – The final Shanghai Containerized Freight Index (SCFI) for 2020, published on 31 December, recorded a staggering 190% gain on the year. The biggest spot rate increase...

January 4, 2021
Total Views: 3615

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: 12984

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: 9920

Tuesday, December 22, 2020
Ports

U.K. Warned That No-Deal Brexit Would Exacerbate Port Crisis

By Richard Weiss and Christopher Jasper (Bloomberg) — U.K. port snarl-ups would be exacerbated in a no-deal Brexit, shipping giant Hapag-Lloyd AG warned as vital ferry links to France remained closed...

December 22, 2020
Total Views: 1583

Ports

Bottlenecks Wear Down World Economy’s Fleet of Container Ships

By Brendan Murray (Bloomberg) – Container shipping, the backbone of the global trading system, is showing signs of fatigue as the pandemic descends into its darkest days. Carriers reaping the biggest...

December 22, 2020
Total Views: 16310

Wednesday, December 16, 2020
Ports

Britain’s Retail Industry Demands Probe of Disruption at Ports

By James Davey LONDON, Dec 17 (Reuters) – Britain’s retailers and food manufacturers have called on lawmakers to urgently investigate ongoing disruption at UK ports, warning that delays were hurting...

December 16, 2020
Total Views: 2288

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: 2318

Ports

Nation’s Busiest Port, Buried in Imports, Plucks Out Toys to Load Santa’s Sleigh

By Lisa Baertlein LOS ANGELES, Dec 15 (Reuters) – Workers at the busiest U.S. seaport are plucking containers of toys off ships and out of massive stacks of cargo swamping...

December 16, 2020
Total Views: 2332

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: 2084

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: 1600