Container traffic at Chinese ports rose 9 per cent year on year in the first 10 days of September, while foreign trade grew 16.5 per cent during the same period.
Number of containers handled by China’s eight largest container ports in Shanghai, Ningbo, Shenzhen, Guangzhou, Qingdao, Tianjin, Xiamen and Dalian rose 7.4 per cent.
Source: South China Morning Post…
Following up on last week’s efforts by the Chinese Ministry of Transport to curb runaway spot rates, United States authorities have threatened to take carriers to court if they discover evidence of collusion in the container shipping industry’s highly profitable response to the global pandemic.
The US government’s Federal Maritime Commission (FMC) called a private meeting September 16 …
All the major carriers continue to experience equipment shortages at Asian ports.
In an effort to address the shortages of equipment, many carriers have introduced restrictions on the release of empty containers prior to the intended shipment.
With surprising robust export demand, particularly on the transpacific, expected to continue into the traditional slack season and beyond the Chinese Golden Week …
A massive upswing in air freight demand has been reported, with retailers and businesses moving air freight and trying to beat the approaching Golden Week holiday in Asia.
Air charter broker Chapman Freeborn’s head of cargo, Pierre Van der Stichele told, Lloyd’s Loading List, “There are a number of imponderables as the air cargo market enters what is usually …
Service has resumed after a derailment of about 60 railcars on Monday that impacted CN’s mainline new Hope, B.C.
CN Crews are working to recover traffic that was affected by the disruption.
Source: CIFFA…
The import traffic to North America has been coming in full since early June and continues to increase. Vessels are full through September as space constraints continue and are expected to continue into October.
On the West Coast, all ports and carriers are experiencing berthing delays as terminals have been over 100% capacity in recent weeks; all vessel are …
The UK withdrew from the European Union in January, but little has changed in terms of trade: The two sides are still operating under a transition agreement that keeps the existing rules in place. That deal expires December 31, and negotiators from London and Brussels are in an eighth round of talks about what post-Brexit trade will look like.
On …
Rates have been gradually rising off the bottom in early May and are now above the 2018 summer peak. Rates are up 3.3% since last week, and compared to this time last year, rates are up nearly 33% and trending higher.
Demand and disruption are also putting pressure on outbound truckload and LTL rates from Los Angeles. Truck rates …
The Halifax Employers Association (HEA) and The Council of I.L.A. Locals for the Port of Halifax issued a joint statement on Thursday, September 9 to announce that they reached an agreement to extend the current Collective Agreement and the existing Mid-West Cargo rebate agreement for an additional year, expiring on December 31, 2021.
The current Collective Agreement was set …
Container shortages in Asia are declining, and in turn, US and European importers are struggling to return containers to manufacturing hubs in Asia.
The imbalance of equipment has been percolating for some time now, primarily caused by the unexpected spike in imports to the US and Europe following the reopening of their respective economies. Now, carriers are faced with …