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.