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.
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
