Freight Rate Surge Recalls Covid ‘Chaos’
(Bloomberg) — Global goods trade is showing signs of accelerating after last year’s slump, pushing up shipping rates and giving some supply-chain
(Bloomberg) — Global goods trade is showing signs of accelerating after last year’s slump, pushing up shipping rates and giving some supply-chain
The Port of Virginia rode the pandemic-fueled imports surge to an all-time fiscal year record in 2021, processing more 3 million TEUs for the first time in the
By Ann Koh (Bloomberg) — Delays from congestion at southern Chinese ports triggered by fresh Covid-19 outbreaks are rippling through global supply
The United States’ top ports for retail imports are expected to report another blockbuster month in May as consumers turn to normal shopping patterns as
By Brendan Murray (Bloomberg) — The top U.S. maritime regulator said stretched global supply chains pushing ocean-freight rates to record highs may stay
By Gavin van Marle (The Loadstar) – Congestion levels at the major North America container gateways are now expected to persist until the summer, as
By Brendan Murray (Bloomberg) — Ship congestion outside the busiest U.S. gateway for trade with Asia showed glimmers of easing as port officials
Another gangbuster month for the nation’s top port. The Port of Los Angeles today reported handling 946,966 TEUs in April for its best April in the
The Port of Long Beach reported its busiest April on record as the cargo boom continues. Dockworkers and terminal operators moved 746,188 twenty-foot
By Mike Wackett (The Loadstar) – A new survey by VesselsValue has found a “significant increase” in the average speed of containerships. The
Danish shipping conglomerate A.P. Moller – Maersk A/S announced a big upgrade to its full year guidance for the year due to the “exceptional market
By Mike Wackett (The Loadstar) – Carriers are “scraping the bottom of the barrel” for available tonnage, as the percentage of the global
Global freight rates will remain high in the short term, but will moderate in the longer term once shipping supply-chain disruptions are cleared and more new
By Brendan Murray (Bloomberg) — Los Angeles port officials see progress in reducing their bottleneck of cargo ships. Sail north to Oakland, though, and
The Port of Los Angeles processed 957,599 Twenty-Foot Equivalent Units (TEUs) last month for a 113% leap compared to March 2020 when global trade slowed to a
By Brendan Murray (Bloomberg) — Ship congestion outside the busiest U.S. gateway for trade with Asia persisted over the past week as imports surged
By Brendan Murray (Bloomberg) — Robust demand for shipping goods across the world’s oceans shows no signs of slowing down, the chief executive of
The Port of Long Beach reported its busiest month ever in March as imports continue to pour into U.S. seaports. The Port of Long Beach says the new record
Federal Maritime Commission held a virtual meeting Wednesday discuss developments in the ongoing fact finding investigation into challenges facing the ocean
By Mike Wackett (The Loadstar) – Ocean carriers enjoyed their best quarter in container shipping history in the final three months of 2020, but
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