(Bloomberg) — Global goods trade is showing signs of accelerating after last year’s slump, pushing up shipping rates and giving some supply-chain managers flashbacks to the demand spike that disrupted…
https://gcaptain.com/freight-rate-surge-recalls-covid-chaos/
The Port of Virginia rode the pandemic-fueled imports surge to an all-time fiscal year record in 2021, processing more 3 million TEUs for the first time in the port’s history….
By Ann Koh (Bloomberg) — Delays from congestion at southern Chinese ports triggered by fresh Covid-19 outbreaks are rippling through global supply chains, threatening to inflate costs and exacerbate disruptions. A…
The United States’ top ports for retail imports are expected to report another blockbuster month in May as consumers turn to normal shopping patterns as vaccinations rates increase, the National…
By Brendan Murray (Bloomberg) — The top U.S. maritime regulator said stretched global supply chains pushing ocean-freight rates to record highs may stay strained into 2022, raising concerns about whether small…
By Gavin van Marle (The Loadstar) – Congestion levels at the major North America container gateways are now expected to persist until the summer, as the consumer-driven import boom continues. April set…
By Brendan Murray (Bloomberg) — Ship congestion outside the busiest U.S. gateway for trade with Asia showed glimmers of easing as port officials race to clear a backlog of arriving cargo…
Another gangbuster month for the nation’s top port. The Port of Los Angeles today reported handling 946,966 TEUs in April for its best April in the port’s history and its…
The Port of Long Beach reported its busiest April on record as the cargo boom continues. Dockworkers and terminal operators moved 746,188 twenty-foot equivalent units in April for a 43.6%…
By Mike Wackett (The Loadstar) – A new survey by VesselsValue has found a “significant increase” in the average speed of containerships. The maritime valuation and market intelligence service said average laden containership…