There are now nearly twice as many containerships waiting to get into the Ports of Los Angeles and Long Beach (LA/LB) as there are berthed for cargo operations. Marcus Hand | Sep 14, 2021 The number of containerships either at anchor or adrift in San Pedro Bay has now reached a new record of 56, according
As container freight rates continue to climb to stratospheric levels CMA CGM has made the decision to suspend all spot rate increases until 1 February 2022. Marcus Hand | Sep 10, 2021 The measure announced on 9 September is effectively immediately covering all the French group’s brands – CMA CGM, CNC, Containerships, Mercosul, ANL, and APL. Spot
The fast-expanding Chinese container shipping service provider, Zhonggu Logistics, is launching a new international service connecting China with Vietnam. Katherine Si | Aug 24, 2021 The new CV2 service, deploying containerships from its own fleet, will start its maiden voyage from south China on 27 August, including the ports calls of Nansha-Shekou-Haiphong. Providing connections to south China inland ports, CV2
WCA founded in 1998, with over 9,909 member offices in 193 countries around the world (August, 2021), WCAworld is the world’s largest and most powerful network of independent freight forwarders. The combined logistics might of the WCAworld membership exceeds that of even the world’s largest multinational freight forwarders. In order to join WCA, Virgo had
China’s 49.2 manufacturing PMI indicates falling activity in August, but is not yet a cause for concern, according to Bimco. Gary Howard | Sep 02, 2021 The latest Purchasing Managers Index (PMI) shows growth above 50 points and contraction below 50. The latest reading of 49.2 shows the first contraction in activity since the first wave
The number of containerships waiting at the ports of Los Angeles (LA) and Long Beach (LB) has hit 41 as freight rates continue to rise. Marcus Hand | Aug 27, 2021 The number of ships at anchor in San Pedro Bay waiting to berth at the ports of LA and LB has surpassed its previous February
The online platform for container sourcing is expecting a similar pattern to that was seen for container availability and prices at Yantian port in South China which much of Yantian International Container Terminal was locked down for three weeks due to a Covid outbreak in the second quarter. The impact in Yantian is still being
According to an update by container line Hapag-Lloyd some 31 vessels were at anchor in San Pedro Bay and awaiting berths at LA/LB terminals. This up from more 20 vessels at anchor waiting to berth in mid-July, and as few as 10 container vessels waiting in the bay in June. “All terminals remain and are expected
The news that Ningbo Meidong Container Terminal had suspended operations on Wednesday over a single Covid case raises wider fears for the supply chain as the Delta variant outbreak in China continues to spread. Tackling its largest Covid outbreak since the onset of the pandemic in early 2020 China continues to operate a zero-Covid strategy
The US Federal Maritime Commission (FMC) has launched an “Expedited Inquiry” into the practices of eight container shipping lines related to “congestion or related surcharges”. While the wheels spin slowly in Washington, DC, it is not so in this case underscoring the mounting pressure from US shippers over record high container freight rates, surcharges, and
