Trans-Pacific Trade Hits Blank Sailings Due to Port Congestion

Container volumes in the Asia-U.S. trans-Pacific trade have hit their limit which made massive port congestion in the ports of Los Angeles and Long Beach is forcing ocean carriers to take extreme measures and, Sailings are now being “blanked” (canceled) not because of lack of demand, but because of lack of tonnage as ships are stuck awaiting berths, says an article published in Freight Waves.

Recovery Vessels

When ships fall behind schedule due to long waits in port, carriers normally add “recover...

https://mfame.guru/trans-pacific-trade-hits-blank-sailings-due-to-port-congestion/

Shipping Sector Exceed Expectations Amid Pandemic Uncertainties

  • Shipping was most at risk from a global pandemic, but many companies have reported earnings either above year-ago figures in 2020.
  • As the year nears its close and optimism grows that the virus can be brought under control, there are factors that may make 2021 even more challenging.

As shipping companies prepare to release their third-quarter results, there are very few alarm bells ringing that the industry is suffering any great adverse impact from the coronavirus pandemic, reports the Llyod’s...

https://mfame.guru/shipping-sector-exceed-expectations-amid-pandemic-uncertainties/