Monday, July 19, 2021

Port of Virginia Rides COVID-19 Imports Surge to Record Year in FY2021

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 port’s history....

July 19, 2021
Total Views: 793

Friday, June 11, 2021

Ships Skip Singapore as China Congestion Snarls Supply Chain

By Ann Koh (Bloomberg) — Delays from congestion at southern Chinese ports triggered by fresh Covid-19 outbreaks are rippling through global supply chains, threatening to inflate costs and exacerbate disruptions. A...

June 11, 2021
Total Views: 3604

Wednesday, June 9, 2021

U.S. Retail Ports Continue Record Setting Run as Supply Chains Struggle to Keep Up

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 vaccinations rates increase, the National...

June 9, 2021
Total Views: 1420

Tuesday, June 8, 2021

U.S. Maritime Regulator Sees Shipping Snarls Lasting to 2022

By Brendan Murray (Bloomberg) — The top U.S. maritime regulator said stretched global supply chains pushing ocean-freight rates to record highs may stay strained into 2022, raising concerns about whether small...

June 8, 2021
Total Views: 2844

Thursday, May 27, 2021
port of los angeles and long beach

U.S. Import Boom Hits New Heights with Little Signs of Letting Up

By Gavin van Marle (The Loadstar) – Congestion levels at the major North America container gateways are now expected to persist until the summer, as the consumer-driven import boom continues. April set...

May 27, 2021
Total Views: 1665

Monday, May 17, 2021
port of los angeles and long beach

U.S. West Coast Ports Race to Clear Ship Backlog by Peak Season

By Brendan Murray (Bloomberg) — Ship congestion outside the busiest U.S. gateway for trade with Asia showed glimmers of easing as port officials race to clear a backlog of arriving cargo...

May 17, 2021
Total Views: 3994

Thursday, May 13, 2021
port of los angeles

Record April Volume at Port of Los Angeles

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 port’s history and its...

May 13, 2021
Total Views: 1449

Wednesday, May 12, 2021
port of los angeles and long beach

Online Purchasing Drives Port of Long Beach to Record April

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 equivalent units in April for a 43.6%...

May 12, 2021
Total Views: 1203

Monday, May 10, 2021
container ship at sea

Containerships Increasing Speeds as Rates Continue to Climb

By Mike Wackett (The Loadstar) – A new survey by VesselsValue has found a “significant increase” in the average speed of containerships. The maritime valuation and market intelligence service said average laden containership...

May 10, 2021
Total Views: 9156

Monday, April 26, 2021
maersk ship

Maersk Upgrades Full-Year Guidance by Billions

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 situation” happening in container shipping...

April 26, 2021
Total Views: 7136

Thursday, April 22, 2021
port of los angeles

Containerships Wanted: Carriers ‘Scraping the Barrel’ for Tonnage

By Mike Wackett (The Loadstar) – Carriers are “scraping the bottom of the barrel” for available tonnage, as the percentage of the global containership fleet commercially idle and not in dry dock...

April 22, 2021
Total Views: 9320

Monday, April 19, 2021
port of los angeles and long beach

Fitch Says Shipping Rates Rally Has Peaked

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 ships are deployed, Fitch...

April 19, 2021
Total Views: 2020

Port of Oakland

West Coast Port Congestion Spreads North to Oakland

By Brendan Murray (Bloomberg) — Los Angeles port officials see progress in reducing their bottleneck of cargo ships. Sail north to Oakland, though, and the line is even longer and there’s...

April 19, 2021
Total Views: 6236

Wednesday, April 14, 2021
port of los angeles

‘Madness’ at the Port of Los Angeles as Cargo Surge Breaks March and Year-to-Date Records

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 crawl at the...

April 14, 2021
Total Views: 7809

Monday, April 12, 2021
port of los angeles and long beach

SoCal Port Backlog Continues as Imports Surge Through March

By Brendan Murray (Bloomberg) — Ship congestion outside the busiest U.S. gateway for trade with Asia persisted over the past week as imports surged through March, usually one of the slower...

April 12, 2021
Total Views: 4007

Thursday, April 8, 2021
AFIF Hapag-Lloyd

Hapag-Lloyd CEO Sees Ocean Shipping Demand Staying ‘Very Strong’

By Brendan Murray (Bloomberg) — Robust demand for shipping goods across the world’s oceans shows no signs of slowing down, the chief executive of Germany’s largest container carrier said, signaling that...

April 8, 2021
Total Views: 2302


Port of Long Beach Had Busiest Month on Record in March

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 comes...

April 8, 2021
Total Views: 1355

Wednesday, April 7, 2021
containers at port of los angeles

Federal Maritime Commission Holds Closed-Door Meeting on Ongoing Ocean Supply Chain Investigation

Federal Maritime Commission held a virtual meeting Wednesday discuss developments in the ongoing fact finding investigation into challenges facing the ocean transportation supply chain system and possible Shipping Act violations...

April 7, 2021
Total Views: 3161


Container Shipping Had Its Best Quarter in History Last Year. 2021 Could Be Even Better

By Mike Wackett (The Loadstar) – Ocean carriers enjoyed their best quarter in container shipping history in the final three months of 2020, but are expected to have significantly topped that record...

April 7, 2021
Total Views: 2618

port of long beach

U.S. Trade Deficit Widened to Record in February

By Olivia Rockeman (Bloomberg) — The U.S. trade deficit widened in February to a record high as solid household and business demand kept imports running ahead of shipments to overseas customers....

April 7, 2021
Total Views: 710