Current container supply chain congestion is set to continue through 2022, with a return to liner schedule reliability a key factor, according to the Port of Rotterdam. Marcus Hand | Nov 12, 2021 Europe’s largest port has seen good volume growth this year, although these volume increases on their own would not result the difficulties being
PortMiami posted a record fiscal year 2021 with throughput up 17.6% to 1.25m teu making calendar 2021 the busiest in history. Michele Labrut | Nov 09, 2021 Despite strong growth, in the fiscal year 2021 (from 1 October 2020 to 30 September 2021), the port precinct did not have any detained vessels, congestion or delays. The
CMA CGM is acquiring Fenix Marine Services (FMS) one of the largest container terminals in the Port of Los Angeles. Marcus Hand | Nov 04, 2021 The $2.3bn deal sees CMA CGM acquiring a 90% stake in FMS from private equity fund EQT Infrastructure III, making the French line the sole shareholder in the terminal. The terminal
Tonnage transported through the Panama Canal rose to historic levels in the October 2020 – September 2021 period. Michele Labrut | Oct 29, 2021 The Panama Canal closed Fiscal Year 2021 (October 2020-September 2021) with historic PC/UMS (Panama Canal/ Universal Measurement System) tonnage transported through the waterway, increasing by 8.7 %, to 516.7m PC/UMS, up from
ZIM has acquired seven containerships of between 12 and 14 years old for $320m since the start of October. Marcus Hand | Oct 22, 2021 The vessels purchased are five traditional panamax sized 4,250 teu boxships and two 1,100 teu. The prices of secondhand containerships have soared due to the capacity crunch facing the sector. Traditional
Trans-Pacific spot container rates have plateaued and in some cases pulled back, spurring speculation that container investors’ bull run has peaked and relief is on the way for U.S. importers. The case for calling the top: Chinese container port congestion has dramatically declined over recent weeks, Chinese factories are being plagued by power outages that constrain export
Some containerships anchored in San Pedro Bay waiting to enter the Port of Los Angeles may require cleaning following an oil pipeline spill offshore. Marcus Hand | Oct 04, 2021 A pipeline breach about five miles offshore Huntington and Newport Beaches in California resulted in a spill of around 3,000 barrels of oil washing up along
The number of containerships queued at the ports of Los Angeles and Long Beach (LA/LB) eased at the end of last week, however, congestion is growing at other US ports and Asia. Marcus Hand | Sep 27, 2021 The Marine Exchange of Southern California said that the number of vessels at an anchor or drift areas
Container freight rates have stabilised after 22 consecutive weeks of rises based on Drewry’s World Container Index (WCI). Marcus Hand | Sep 24, 2021 A fully laden 23,000 teu CMA CGM containership at berth in Singapore The WCI published on 23 September remained steady at $10,377.19 per feu, the same level as the week before, however,
Well over a hundred containerships were stuck off major container ports last week as port delays continue to disrupt supply chains and hamper industrial customers. Paul Bartlett | Sep 20, 2021 Worst affected were the US west coast ports of Long Beach and Los Angeles and Chinese terminals at Shanghai and Ningbo, according to industry analysis.
