From anchorage stats to forward arrivals, ocean bookings, and inventory-to-sales numbers, all the latest data paints the same picture: The US congestion crisis has never been more severe than it is now — and it’s getting worse.
Hope for any relief this year has vanished. CMA CGM is the latest in a long line of market participants to push …
Container shipping vessel schedule reliability dropped further in July as global port and congestion disruption continued, and the average delays for late vessel arrivals continued to deteriorate.
Sea-Intelligence’s report covers schedule reliability across 34 different trades lanes and 60+ carriers, and indicates that vessel schedule reliability fell month-on-month by 3.8% in July to 35.6%, down “a massive 39.7%” from …
MCS Industries, who filed a complaint against Cosco and MSC on August 3 just received their responses. Not surprisingly, no apologies were made.
MCS claimed that carriers refused to negotiate and “refused to provide more than a fraction of the cargo capacity requested.” MCS added that the carriers “changed their practices in parallel and seemingly coordinated fashion, depriving MCS …
HMM’s management and unions representing the seafarers and office staff have reached agreement on salaries.
Salaries will be raised by 7.9% and staff will be given bonuses of up to 650% of monthly salaries.
HMM’s employees were unhappy at increments of just 2% this year after the company achieved a record profit resulting from Covid-19-related supply chain disruptions. And …
ZIM has announced the exercise of its option to long-term charter additional five 7,000 TEUs liquefied natural gas dual-fuel container vessels from Seaspan Corporation.
The action is pursuant to a transaction previously announced by ZIM and Seaspan in July 2021, according to which the Haifa-based line already entered into long term charter agreements for ten 7,000 TEUs LNG vessels. …
APM Terminals has announced that a series of investments initiated in 2020 aimed at equipment and capacity upgrades at the Suez Canal Container Terminal, together with a strong partnership with the Government of Egypt, Suez Canal Economic Zone, sets the foundation for further growth.
The US$60 million investment consists of projects focusing on productivity and customer experience enhancement, with …
Montreal
• Yard utilization remains high
• Rail dwell time remains at around 3 days
Halifax
• All terminals are operating normally
• Rail dwell time is currently at 4 days
Prince Rupert
• Vessel berth wait time remains at 3 days
• Yard utilization remains at 90%
• Rail dwell time increased from 10 to 12 days
Vancouver…
The Meishan Island International Container Terminal at Ningbo-Zhoushan port, which partially reopened last week has now reported that the terminal will resume full operations.
A Covid-19 scare, following a positive test on a docker who lived at the terminal’s dormitory, saw MSICT close on 11 August, sparking fears of another substantial event to disrupt global supply chains.
In the …
The Covid lockdown at the southern Chinese hub port of Yantian in June has resulted in a 180% spike in the price of containers.
“We saw a real and measurable spike in container prices and a major drop in container availability when terminals at Yantian saw operations disrupted through most of June,” said one forwarder.
And he said there …
Freight markets have entered their second year of extreme dislocation, brought on by record consumer spending and a transportation network that doesn’t have the labor or equipment to fill the need.
A lack of openings on ocean sailing schedules, ships waiting longer to berth at the ports and delays unloading the freight once it has landed are some of …