Global logistics firms are anticipating disruption, delays and price increases for air cargo supply chains in Shanghai following the start of a nine-day Covid lockdown in the city.
Shanghai started a two-phase lockdown on March 28. From this date until April 1, the city’s east side, including Pudong, will be locked down. On April 1, the west of the …
The International Monetary Fund has looked at container freight rates and crunched the numbers to work out what today’s sky-high shipping costs are doing to global inflation.
In the latest blog post on the IMF site entitled How Soaring Shipping Costs Raise Prices Around the World, IMF economists note the cost of shipping a container on the world’s transoceanic …
The Port of Vancouver handled a record volume of containers in 2021 on increased demand for imports and a surge in exports of empties returning to Asia amid a challenging year for Canada’s largest maritime trade facility.
Container volumes increased by 6% to 3.7M TEUs compared to 2021, the Vancouver Fraser Port Authority reported in its annual statistics. Growth …
With heightened service reliability challenges, MSC is increasingly concentrating Indian calls in Mundra Port, instead of multiple port calls that had become an industry strategy to maximize cargo volumes.
That consolidation has seen many sailings on MSC’s premier routings under its US East Coast and Europe networks skipping Nhava Sheva/Jawaharlal Nehru Port Trust (JNPT) in recent weeks.
In Mundra, …
Ocean carriers are hauling empty containers from ports along the US West and East coasts as marine terminals across the country remain crowded with laden boxes and concerns grow about another import wave.
The sweeper ships aim to relieve both marine terminals and motor carriers that are buckling under the huge numbers of empty containers left in the ongoing …
The share of US imports from Asia landing on the West Coast fell to a record low through the first two months of the year as shippers sought to avoid port congestion and began to mitigate risk ahead of possible labor disruptions this summer. Those factors, in turn, pushed import volumes at East and Gulf coast ports to record …
Contract negotiations between the International Longshore and Warehouse Union (ILWU) and West Coast employers will begin May 12, the two sides said Wednesday, with the talks coming against a backdrop of vessel backlogs, congested marine terminals, and inland supply chains struggling to handle near-record cargo volumes.
The pending negotiations also come amid fears from shippers that an impasse could …
Maersk has confirmed that its chartered vessel Dyros lost around 90 containers in rough seas, in the North Pacific, around 1,200 nm east of Japan on Monday, and the losses included nine boxes containing dangerous cargo.
The Costamare-owned 4,578 TEU vessel was en-route to Seattle from Yantian, but will now be diverted to another port to handle around 100 …
A lockdown will be imposed in Shanghai for a new round of citywide COVID-19 testing from Monday, March 28th morning.
“The measure aims to curb the spread of COVID-19, protect people’s life safety and health as well as achieve the dynamic zero-COVID-19 target at the social level as soon as possible,” the city’s coronavirus prevention work leaders’ office announced.…
Update from John Brooks, Executive Vice-President & Chief Marketing Officer: CP and TCRC agree to enter into binding arbitration
Dear customers,
I am pleased to advise you that the Teamsters Canada Rail Conference (TCRC) – Train and Engine Negotiating Committee has agreed to enter into binding arbitration with Canadian Pacific (CP), ending the TCRC strike action that began over …