By Sam Whelan 26/07/2021 More freight delays are expected in China this week, after typhoon In-Fa forced the closure of Shanghai’s container port and airport over the weekend. And last week, the typhoon brought devastating rainfall and flooding in China’s central Henan province, disrupting operations at Zhengzhou (CGO), a major airfreight hub for cargo carriers such as Cargolux. A […]
Category Archives: News & Events
UP temporarily stopping eastbound container service to Chicago,
7-day suspension scheduled to begin Sunday Joanna MarshThursday, July 15, 2021 Union Pacific is temporarily suspending eastbound service from West Coast port terminals to its Global IV intermodal facility in Chicago to help ease “significant congestion” at inland terminals, especially Chicago, and at the ports. The suspension is aimed at helping ocean carriers reduce backlogs. UP […]
‘I paid ridiculous charges, my cargo still got rolled and the carrier wanted more’
By Mike Wackett 25/06/2021 Short-term freight rates from China to North Europe have breached the $20,000 per 40ft mark, while transpacific carriers are quoting rates of up to $25,000 to the US west coast. And there was one report of $32,000 from Shanghai to Los Angeles being quoted this week, The Loadstar has seen several quotes from the […]
Mounting evidence that container crunch will persist until 2022
Retail inventory-to-sales levels still historically low despite higher spending on services Greg Miller, Senior EditorFollow on TwitterMonday, June 21, 2021 5 minutes read A widely held theory on pandemic spending is that container imports surged because Americans bought a lot more goods when COVID prevented them from buying services. Ergo, with more vaccinations and fewer hospitalizations, […]
Major shipping firms warn of worsening congestion at China’s Yantian port
Reuters Major shipping companies have warned clients of worsening congestion at Shenzen’s Yantian port in southern China following the discovery of several asymptomatic cases of COVID-19 in the city. Yantian International Container Terminal (YICT), one of China’s busiest container ports with an annual handling volume of more than 13 million twenty-foot equivalent units (TEU), has […]
Brace for impact: Data shows US import demand still rising
Record port volumes over recent months could be just the beginning Greg Miller, Senior EditorFollow on TwitterTuesday, May 4, 20210 9,972 4 minutes read As Deutsche Bank analyst Amit Mehrotra told American Shipper back in March, “You ain’t seen nothing yet.” He was right. The latest data reveals that despite a deluge of inbound cargo since the second […]
Egypt Seizes Ever Given Ship in Suez Canal, Demands Compensation
CAIRO—Egypt has seized the container ship that last month blocked the Suez Canal, the vessel’s owner said Tuesday, amid a dispute over how much compensation the country is owed following the weeklong shutdown of the waterway. The move turns up pressure on Ever Given’s Japanese owner to negotiate a settlement that Egyptian authorities are claiming should be roughly […]
Evergreen container ship blocks Suez Canal traffic
20,000-TEU Ever Given reportedly ‘stuck sideways’ Kim Link-Wills, Senior EditorTuesday, March 23, 20219 21,260 1 minute read Tweets of a ship “stuck sideways” in the Suez Canal may prompt skepticism. And then one sees the images. Indeed, a container ship is stuck sideways in the Suez Canal blocking both northbound and southbound traffic. The ultra large container […]
Ports Continue to Set Records; Congestion Worsens on West Coast
More than 60 containerships sat in San Pedro Bay on Feb. 18, at the entrance to the sprawling ports of Los Angeles and Long Beach. The vessels are waiting for a slot to sail into those facilities to begin unloading their cargo and then start the nearly two-week trip back to China. But because of […]
Pandemic aftershocks overwhelm global supply lines
As shopping habits change, ports and cargo carriers struggle to keep pace By David J. LynchJan. 24, 2021 at 3:02 p.m. EST One year after the coronavirus pandemic first disrupted global supply chains by closing Chinese factories, fresh shipping headaches are delaying U.S. farm exports, crimping domestic manufacturing and threatening higher prices for American consumers. The cost of […]
