Port of New York and New Jersey Hopes New Container Imbalance Fee Can Help Clear Empty Containers
The Port Authority of New York and New Jersey has announced a new “container imbalance fee” for ocean carriers to help clear long-dwelling empty
gCaptain’s full coverage of global port congestion since the onset of the COVID-19 pandemic.
The Port Authority of New York and New Jersey has announced a new “container imbalance fee” for ocean carriers to help clear long-dwelling empty
Lingering congestion in container shipping is continuing to buoy high freight rates, leading the world’s number two ocean carrier to upgrade its earnings
By Lisa Baertlein (Reuters) – America’s largest warehouse market is full as major U.S. retailers warn of slowing sales of the clothing,
By Mike Wackett (The Loadstar) – The threat of dock strikes at Felixstowe and Liverpool next month, together with the potential resumption of industrial
By Mike Wackett (The Loadstar) – The two biggest North European hub ports, Rotterdam and Antwerp-Bruges, handled fewer containers in the first half of
By Augusta Saraiva and Skylar Woodhouse (Bloomberg) — The US’s second-largest port complex is struggling to process cargo despite expanded gate hours,
By Mike Wackett (The Loadstar) US import container volumes grew by 5.9% in June, year on year, defying weaker consumer demand trends. According to the latest
By Brendan Murray (Bloomberg) — Rock guitarist Jack White, who extended his “Supply Chain Issues Tour” into October, might want to name
By Mike Wackett (The Loadstar) – Dockers walked out of German ports at six o’clock this morning at the start of a 48-hour strike that will paralyse
By Brendan Murray (Bloomberg) — Each wave of supply shock to hit the global economy during the pandemic seems to produce a different scapegoat.
Global trade shows a slightly positive trend in June as North America sees some improvement, but there is “unusually long” congestion in the North
A cadre of ocean carriers are charging exorbitant, potentially illegal, fees on shipping containers stuck because of congestion at ports. Sellers of furniture,
By Augusta Saraiva (Bloomberg) Public attention has waned two years into the crisis that disrupted global supply chains, giving the impression that everything
With a busy summer expected at the San Pedro Bay ports of Los Angeles and Long Beach, vessel traffic officials are reporting a new record low number of
By Richa Naidu and Padraic Halpin LONDON/DUBLIN, June 22 (Reuters) – The cost of shipping goods has surged 25-30% since the start of the pandemic due
By Augusta Saraiva (Bloomberg) — Two years into the crisis that disrupted global supply chains and as US ports prepare for an earlier peak season, more
Shanghai port congestion remains at normal season levels, even as COVID-19 lockdowns have been reimposed throughout much of the city, according to new data
By Mike Wackett (The Loadstar) – Maersk is looking to overland Asian containers at less-congested North European ports and evacuate long-stay imports to
By Jeslyn Lerh SINGAPORE, June 16 (Reuters) – Global port congestion is set to continue until at least early 2023 and keep spot freight rates
Fitch Ratings is calling for another solid year for container shipping industry earnings as port congestion will continue to prevent a return to pre-pandemic
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