The US’ two largest container gateways, Los Angeles-Long Beach and New York-New Jersey, are quickly returning to pre-pandemic efficiency levels, although it will take some time for ports along the South Atlantic and Gulf Coast to achieve more normal cargo flow, according to APM Terminals (APMT).
Leo Huisman, APMT’s managing director/Americas region, said the main lessons learned over the …
With container spot rates from Asia to North America plunging below post-pandemic levels and a flood of new tonnage set to push the container shipping industry into overcapacity, the most profitable days for ocean carriers are behind them. The trade lane is ripe for a rate war.
The highs for the container shipping industry, as measured by profits and …
Under the threat of penalty fees, ocean carriers are accelerating the removal of empty containers from of the Port of New York and New Jersey, easing the ship backlogs and chassis shortages seen through much of 2022. That, in turn, is enabling the port to handle more of the growing freight volumes diverted from the West Coast.
Since the …
Since the pandemic began, complaints of carrier misdeeds have circulated across the industry and around the globe.
In the US, President Biden’s administration decided to try and protect US importers and exporters with the introduction of the Ocean Shipping Reform Act 2022 (OSRA22).
The legislation gave new powers to the Federal Maritime Commission (FMC) and, in one of the …
A potential rail strike from US railroad workers in December could have dire impacts on an already unstable economy during the peak season, experts have forecasted.
Earlier this week one of the US’s largest railroad labour unions, The Transport Division of the International Association of Sheet Metal, Air, Rail, and Transportation Workers (SMART-TD), voted against a tentative five-year collective …
Montreal
• Yard utilization remains high
• Congestion due to high port demand
Halifax
• All terminals are operating normally
• Vessel berth wait time is 4 – 7 days
• Rail dwell time is averaging 5 – 8 days
Prince Rupert
• Vessel berth wait time is averaging 5 – 8 days
• Yard utilization is at 95%…
Chinese ports have seen an overall dip in import and export ocean shipment volume over recent weeks following the imposition of COVID-19 lockdowns.
As of 21 October the 14-day average ocean shipment volume at the Port of Shanghai (including import and export shipments) is down 15% since the start of October. At Shenzhen, volume is down 21% over the …
Some carriers are culling and consolidating various Asia services to the Pacific Northwest and California over the fourth quarter in a further pullback from 2021 expansions. The upcoming service changes come amid plummeting spot rates and point to trans-Pacific container capacity dropping even further through the fourth quarter, analysts say.
Wan Hai Lines this month plans to end two …
A period of aggressive vessel scrapping will be required to address a looming “severe risk of overcapacity” in container shipping.
But the likely demolition candidates are in the smaller sizes, where newbuild orders are sparse, says Alphaliner.
The lack of investment in replacing smaller containerships in recent years, in comparison to the rush to order ULCVs, has resulted in …
The Port of Oakland has shut its terminals as clerks represented by International Longshore and Warehouse Union (ILWU) staged a walkout.
Longshoremen initiated labour action on 2 November, as one public advisory from Port of Oakland noted: “Our terminals are reporting terminal interruptions this morning that may lead to delays.”
Local media reported that a spokesperson for ILWU denied …