(World Shipping Council) – To say that current trade conditions are challenging would be an understatement, particularly in North America, which is experiencing an unprecedented surge in imports from Asia. …
covid container crunch
Boxed Out: China’s Exports Pinched by Global Run on Shipping Containers
By Stella Qiu, Shivani Singh and Roslan Khasawneh BEIJING/SINGAPORE, Dec 10 (Reuters) – China’s world-beating economic rebound from the coronavirus pandemic is being blunted by a global shortage of shipping containers, sending…
Port of Long Beach November Volumes Jump 30%
The Port of Long Beach has reported its busiest November on record as retailers make the final push before the holidays. Dockworkers and terminal operators moved 783,523 twenty-foot equivalent units…
Container Crunch Means It Pays More to Sail Empty to Asia
By Ann Koh (Bloomberg) — Shipping carriers seeking to capitalize on the most lucrative trade routes are returning empty cargo containers to Asia, contributing to freight rates that have soared to…
Boatloads of Cargo Off Los Angeles Grind Gears of World Economy
By Brendan Murray (Bloomberg) — A flotilla of almost a dozen cargo vessels sits anchored just south of Los Angeles this weekend, waiting for berth space. Around the twin ports of…
Canadian Pea and Lentil Exports Hit by Container Shortage
By Marcy Nicholson (Bloomberg) — A shortage of containers at Vancouver’s port is slowing Canada’s exports of lentils and peas, the latest ripple in a phenomenon that has roiled trade. Companies…
Container Freight Rates Continue Surge on Strong Restocking Demand
SINGAPORE, Nov 18 (Reuters) – Global container shipping rates have surged to records on a spike in restocking demand in the United States and Europe, container scarcity at export hubs, and changes…