The booming transpacific trade has seen rates surging as US consumption keeps growing, encouraging carriers to build up ever more capacity on the trade lane.
“Since the second half of 2020, shipping lines have been struggling to match the huge uptick in demand on the transpacific trade,” said Sea-Intelligence CEO Alan Murphy. “Putting in all available capacity into the …
The Chittagong port is embracing new technologies to make faster and more efficient delivery of services as part of its digital transformation.
The port authority has digitized the entry fee collection to make faster the entrance of trucks in the port premises for transporting containers.
Since 15 September 2021, entry fees will be collected online only, which will reduce …
Freight rates on the Asia-North America West Coast trade lane have skyrocketed to record-breaking levels, according to shipping analysts at Sea-Intelligence, who point out that the current demand increase and the high freight prices indicate a big opportunity for carriers to not only fill up vessels on existing liner services but also to launch new services.
Following a dip …
Four Ocean Alliance container ships berthed at Ningbo’s Meidong container terminal for the past week should complete cargo handling operations and sail on August 20 following the partial reopening of the key east China gateway.
As of August 20, there are 25 container ships at Ningbo, equating to 189,234 TEU in total capacity at port.
The Meidong terminal was …
Constrained capacity and elevated prices continue to be the dominant features of the air cargo charter market with leading brokers predicting an extremely challenging peak season as strong demand rises even further to a backdrop of ocean freight chaos and buoyant cross-border e-commerce volumes.
Capacity remains very tight for full freighters while the space offered by passenger aircraft operating in …
It’s only mid-August but the record for container ships anchored off California is already on the verge of being broken. Port congestion is simultaneously building along the East Coast, with anchorage numbers off Georgia well into the double digits and a growing queue offshore of the Port of NY and NJ.
On Friday, there were 125 ships of all …
LA Port looks destined to max out this peak season. In fact, it may be maxing out right now.
The port’s throughput numbers for July were announced. They were high, but not as high as previously predicted, likely due to supply chain headwinds.
And in August, all the port’s congestion indicators are flashing red. Conditions at anchorages, terminal yards, …
Ground handling staff in China are quitting in droves over new Covid rules, triggering the cancellation of hundreds of flights and the prospect of freight rates reaching “extraordinary” levels.
According to one Chinese forwarder, long handling times at Shanghai Pudong saw some cargo flights taking off empties. Export cargo handling times are 6-10 hours, 2-3 times longer than normal.…
For many US businesses, increasing transportation costs are impacting their ability to meet customer demands and forcing them to pass costs on to their customers, causing pressure on global inflation.
The fact that ships remain delayed and now COVID variant outbreaks in major Chinese manufacturing hubs are on the rise, indicates that there may be far-reaching down-stream consequences going into …
ZIM blew away all the analyst forecasts, posting blockbuster earnings for its second quarter and revealing a massive increase in its full-year guidance.
ZIM has moved fast to squeeze the most short-term gain out of what CEO Eli Glickman described as “anarchy in the world supply chain.” And it continues to outperform much larger ocean carriers like Maersk on …