In defiance of massive woes, Vietnam’s export-import landscape is gaining momentum on the back of the gradual recovery in domestic manufacturing and bit-by-bit reopening of many foreign markets, promising a brighter trade picture for the country this year. Export picture enjoys benefits from restart Fresh data from the Ministry of Industry and Trade (MoIT) showed
The Port of Los Angeles handled a record 10.7m teu in 2021 in a year that was characterised by congestion and ever-growing queues of ships. Marcus Hand | Jan 24, 2022 Handling 10.7m teu last year the Port of LA broke its previous record in 2018 by some 13%. “Decades of development provided the berth space,
Without a doubt, the past 2 years made the shipping industry one of the most profitable industries. In November 2021, liner veteran John McCown, founder of Blue Alpha Capital has published an in-depth analysis of the profits in the shipping industry. What happened in 2020-2021 was hard to anticipate prior to the pandemic. Based on his analysis,
The State of California is proposing to invest $2.3bn in ports, supply chain infrastructure, decarbonisation and related training. Marcus Hand | Jan 11, 2022 Unveiling his proposed budget on Monday California Gov. Galvin Newsom said that while action had been taken to alleviate supply chain disruption more investment was necessary. Congestion at the key gateway Ports of
The Mediterranean Shipping Company (MSC) has overtaken Denmark’s Maersk to become the world’s largest container line. MSC’s rise to the top came on Wednesday when the Swiss-Italian company took delivery of a container ship in Singapore, according to Alphaliner, a maritime consultancy. MSC bought the ship last year for $50.5 million. With its new acquisition, MSC’s fleet
Container volume at Shanghai port in 2021 ranked number one globally for the 12 consecutive years amid the Covid-19 outbreak. Jan 05, 2022 The port posted a container volume of over 47m teu in 2021, including 32m teu for international trading, an increase of around 3% year-on-year, and 6.3m teu for domestic market, an increase of around 2.3%. In
AP Moller – Maersk continues its aggressive expansion into the wider supply chain acquiring the contract logistics business of Li & Fung Group in a $3.6bn deal. Marcus Hand | Dec 22, 2021 It seems barely a day goes by without a cash rich container line making another logistics space foray. Maersk’s latest acquisition is Asia
Container lines are blanking around one quarter sailings on the Asia – US West Coast trade as port congestion and delays force result in short notice capacity adjustments, according to analysts Sea-Intelligence. Marcus Hand | Dec 16, 2021 Blank sailings are normally used by lines for capacity management when demand drops, as was done very effectively
The Port of Savannah set a new monthly volume record for November, handling 495,750 twenty-foot equivalent units. This is a 6.7% increase from November 2020, the Georgia Ports Authority said Thursday. The increase comes as GPA has been seeking to ramp up annual capacity at the Port of Savannah by 25% in order to accommodate additional import
Port officials in Los Angeles and Long Beach have delayed imposing controversial congestion fees for a fourth consecutive week, increasing the likelihood that the fees will never be assessed. The port authorities said the excess storage surcharge has been postponed until Dec. 13. The fees have had their intended effect of getting users to clear
