By Gavin van Marle 15/02/2022 Although container shipping in and out of the Black Sea remains a relatively niche trade, a Russian invasion of Ukraine could have catastrophic consequences for global container supply chains. At the Freightwaves Global Supply Chain conference yesterday, Vespucci Maritime CEO Lars Jensen warned that the ripple effects from a military confrontation would […]
Category Archives: News & Events
Truckers scale back blockade at US-Canada border, let some traffic resume
Protesters in Alberta reopen some lanes after attempted police operation Nate Tabak Follow on TwitterWednesday, February 2, 2022 Traffic has begun to move again at the U.S.-Canada border in Coutts, Alberta, after truckers and other protesters agreed to reopen some lanes following a dayslong blockade. A lawyer representing the truckers, Chad Williamson, told the Canadian Press on Wednesday […]
Asia-USWC spot rates spike as Chinese New Year holiday looms
By Mike Wackett 21/01/2022 Container spot rates from Asia to the US west coast spiked this week, ahead of the Chinese New Year holiday on 1 February. Drewry’s WCI US west coast component put on 5%, to $11,197 per 40ft, while the Freightos Baltic Index (FBX), which includes an element of premium fees, gained 3.5%, to $15,139. […]
COVID dominoes fall in China; air and sea shipments delayed
Tianjin latest port city adjusting to restrictions Eric Kulisch, Air Cargo Editor Follow on TwitterMonday, January 10, 2022 Import and export operations in Tianjin are slowing after a small cluster of COVID cases was discovered over the weekend, according to third-party logistics providers in China. Meanwhile, in Shenzhen, authorities are blaming a contaminated import shipment infecting […]
LA port pressures ocean carriers to remove empty containers faster
Escalating $100 penalty regime is latest proposal to reduce bottlenecks Eric Kulisch, Air Cargo EditorFollow on TwitterThursday, December 30, 2021 In its latest congestion mitigation effort, the Port of Los Angeles announced Thursday it plans to start charging ocean carriers a hefty surcharge next month for empty containers that are stored on marine terminals for […]
Maersk to buy Hong Kong-based LF Logistics for $3.6B
Series of deals transforms shipping line into integrated logistics powerhouse A.P. Moller – Maersk announced Wednesday it has reached an agreement to acquire LF Logistics, a Hong Kong-based contract logistics company, specializing in omnichannel fulfillment services, e-commerce, and inland distribution in the Asia-Pacific region, for an enterprise value of $3.6 billion. LF Logistics operates an […]
Los Angeles import volume sinks as shipping traffic jam worsens,
Greg Miller, Senior Editor December 15, 2021 Wednesday, December 15, 2021 November imports -13.2% y/y, exports -37%, empties +11%, total volume -8.8% Despite America’s epic consumer boom, containerized imports to the Port of Los Angeles dropped to 403,569 twenty-foot equivalent units in November, down 14% from October and down 13.2% year on year. For the […]
Congested US airports push trans-Pacific air cargo rate to record high
Greg Knowler, Senior Europe Editor | Dec 01, 2021 12:53PM EST Air cargo rates from Shanghai to North America continued to climb from already-record levels this week as heavy seasonal demand on the trans-Pacific collided with worsening congestion at US gateway airports. For shippers of ocean freight, high rates and poor schedule reliability is a story […]
California ship pileup still piling up — but out of sight, over horizon
All-time-high 93 ships waiting, including vessels in new queuing system,https://www.freightwaves.com/news/author/gregmiller By one measure, the number of container ships stuck waiting offshore of Los Angeles and Long Beach has plummeted. The logjam hit a peak of 86 container ships offshore on Nov. 16, according to data from the Marine Exchange of Southern California. A week later, […]
Torrential rain washes out roads and railways, cutting links from Vancouver port
For the second time this year, severe weather has severed cargo flows between Canada’s largest port and the interior. Torrential rain has halted rail traffic to and from the port of Vancouver and paralysed major road arteries linking the area to the rest of the country. Storms battered southern parts of British Columbia, a mountainous […]
