“This will limit the capability of factories to deliver containers to the ports,” said one industry consultant.
Shippers should brace for “skyrocketing haulage costs,” HLS Holding warns.
The multiple testing hurdles and current stay-at-home orders in China are slowing down this critical movement of trade and increasing prices.
“50% of our ocean freight out of these two ports are non-electronic products,” explained Terry Unrein, COO of the Americas for Seko Logistics.
Seko Logistics, Worldwide Logistics among those reacting to China’s “zero-COVID” strategy.
Oil companies face a potential profits-versus-people dilemma as a flotilla of tankers carrying Russian oil heads for U.S. ports.
Consumers will see higher prices in the coming months at their retail and grocery stores as a result of the rise in black gold.
Three shipments bound for the Port of Novorossiysk have been canceled.
Russia’s invasion of Ukraine has heaped more uncertainty onto the global markets, adding to economic volatility.
The increase in Suez Canal tolls range between 5%-10% and become effective Tuesday.
The International Chamber of Shipping issued a warning of the human capital component — Ukrainian and Russian seafarers are now locked out.
New data released by project44 shows vessels waiting to berth in Asia recorded an average increase from 13 days in December to 16.7 days in January.
Dysfunction at the nation’s largest port helps explain why the U.S. is losing the trade war to China.
Traxens CEO David Marchand says that “known port congestion is only the tip of the iceberg.”
In this exclusive interview with American Shipper, the port envoy to the White House Supply Chain Disruptions Task Force discusses the state of the ports, the challengers at hand and the outlook for the future.
Despite the victory of saving Christmas, the congestion problems at the nation’s largest ports have not improved.
While there are other factors in driving up supply chain costs, it cannot be refuted that maritime costs are adding to inflation.
Shippers are “fed up” with the West Coast logjam and “happy” to pay extra for East Coast destinations.
“The global supply chain will be further strained because of these lockdowns in China and the result would be a further gap in global demand and supply,” says Container xChange CEO Johannes Schlingmeier.
The finger-pointing of blame and the political promises and suggestions are not improving the flow of trade.
The latest partial closure of the Port of Ningbo has forwarders shifting strategies to keep the flow of trade moving.
“Expectations are that high consumer demand and low inventory levels will keep rates elevated well into next year,” says Peter Sand, chief analyst at Xeneta.
The Health Industry Distributors Association said that between 8,000 to 12,000 containers filled with millions of critical medical supplies are delayed.
A new report by Shifl shows the impact the massive congestion off the coast of Los Angeles and Long Beach has had on transit times from China.
Christmas is just around the corner, but the supply chain remains snarled, says a C.H. Robinson exec.
Not only critical for the safety of seafarers on vessels, the terrestrial AIS data provides specific commodity and port information so trading decisions can be made.
Commission).Bentzel: “Let’s face it, it’s taking two or three times longer to deliver cargo because of congestion and conservatively prices are three to five times higher.”
While technically the congestion has decreased in the bay because of the new queuing system, that does not mean the vessels do not exist. They do.
“The shipping industry as a whole has become increasingly reliant on using AIS data for operational purposes,” says VesselsValue’s Charlotte Cook.
Lack of data sharing regarding nonscheduled vessels is adding to the congestion in San Pedro Bay and impacting the ability to plan for container processing.
A whopping 40,000 of those containers have been at the Port of LA for nine-plus days, which is considered lingering.
The daily surcharge fines begin Monday, but there has been no immediate surge of container activity.
Upward of 2,000 empty containers are being sent to LA, potentially creating more burden on the congested port.
It costs roughly $7 million to charter a vessel, but avoiding congested ports may be worth it for some big companies.
Every facet of the supply chain must be participating in an equal fashion in order to successfully complete the 90-day sprint.
According to customs data, the share of empty exports to total exports leaving the Port of Los Angeles is up over 10% and leaving at a faster rate compared to pre-pandemic levels.
The organizations are asking the heads of government to take “swift action” lifting fragmented travel rules and getting vaccinations into the arms of the manufacturing and logistics workforce.
Dead spots are plaguing the flow of trade within the nucleus of their port bubbles. One wrong step at the Port of Los Angeles and your cellphone call could drop.
The Ever Ace is at nearly 24,000 TEUs, but ports may not be able to handle that much capacity.
National Tree Co. tells American Shipper it is warning customers not to sit on their wallets until Black Friday because the items they are coveting might already be sold out.
Halloween is among the most popular holidays in America, so the horrific congestion this year is no treat for the nation’s supply chain.
The stress levels of logistics managers and supply chain managers are at all high-time highs — and for good reason.
In this exclusive Q&A, Federal Maritime Commission Chairman Daniel Maffei notes that “the supply chain is overheated. It’s like we are going from nine lanes to four lanes and then squeezing more traffic into them.”
U.S. shippers this holiday season will need more than Rudolph’s red nose to guide them through the whiteout of congestion.
It’s not what the company typically does but “this market has created a lot of unique situations,” says SEKO exec.
The proposals hope to enforce the carriage of trade and excessive penalties U.S. importers are being charged by foreign carriers.
In an effort to keep trade flowing, major carriers have canceled sailings to Yantian — a useful diversion that has created a whole new chain of bottlenecks.
No matter the rhetoric, the unvarnished truth is it takes people to move trade.
Out of an abundance of caution, carriers like Maersk extended the suspension of vessels into the ports from May 31-June 6.
The ICS hopes its Seafarer Vaccination Roadmap will create vaccine hubs in various ports.
Ag letter is the latest in a series of urgent pleas to stop the denial of trade and increased demurrage costs.
Some importers are rethinking how to move their products due to the Ever Given’s “very sorry situation.”
Daniel Maffei becomes chairman at a time of massive disruption in the world of trade.
The Panama Canal Authority’s administrator discusses why he’s not worried about a container ship blocking the canal.
There is a direct correlation between stimulus checks and the surge in e-commerce spending, according to SEKO US.
Due to shipping snarl and container congestions, delays in retail inventories will be felt from Christmas through Easter.
China’s latest maritime measure to control the spread of the coronavirus will add to the clog of containers at ports.
If there were a virus bloom in a given area, states could quickly decide to move vaccine from one ZIP code to another.
Harbor Trucker Association says it’s time for the FMC to seriously look at regulating the carriers.
The logistics of delivering a COVID-19 vaccine to all Americans will be historic. Major Gen. Christopher J. Sharpsten, the deputy director for supply, production and distribution for Operation Warp Speed (OWS)
In the world of politics, the complicated distribution of a COVID-19 vaccine is greatly simplified. It must be for messaging and public confidence. President Trump, in his rallies and in the first presidential 2020 debate, said the deployment was “logistically all set up” using soldiers to deliver “200,000 a day.” But is it really that simple? Absolutely not.
Earnings reports from retailers show a clear shakeout between winners and losers.
The CBP must establish reasonable suspicion a good is made with forced labor in order to institute a WRO.
Containers are used to carry imports to the U.S., but they also carry exports from the U.S. The agriculture industry depends on them, but COVID-19 has caused the system to fray…
Lori Ann LaRocco illustrates the disruption to global trade by profiling what has happened at the Port of Miami since the coronavirus pandemic began.
Lori Ann LaRocco explains why intra-Asian trade is down and its affect on the United States.
CNBC’s Lori Ann LaRocco writes about the impact of COVID-19 on U.S.-China trade, particularly in regard to the trade war between the two nations.
CNBC’s Lori Ann LaRocco provides commentary on how the Phase One trade deal between the U.S. and China has not worked as thought, at least to date….
CNBC’s Lori Ann LaRocco writes about the ramping up of manufacturing in China, and the subsequent ramping up of cargo headed to the U.S. via ships.
Lori Ann LaRocco writes about the impact of coronavirus on maritime trade between China and the U.S.
Phase One of the U.S.-China trade deal is scheduled to take effect Wednesday. Read CNBC’s Lori Ann LaRocco’s take on how that trade has changed since the tariff war began — and how it may never be quite the same.
CNBC trade expert and author Lori Ann LaRocco says if trade talks were really progressing, U.S. exports to China would be ticking up, not down.