Are historically high shipping rates causing consumer price inflation?
Media coverage increasingly links consumer price inflation to container shipping and supply chain chaos.
Media coverage increasingly links consumer price inflation to container shipping and supply chain chaos.
To make room for more containers at the ports of Los Angeles and Long Beach, UP and BNSF are offering incentives to ocean carrier customers to move out the containers already there. UP is also temporarily pausing westbound marine container movement to its Long Beach facility.
The Clure Public Marine Terminal now can handle “international shipping containers transported by vessel.”
Many media outlets are reporting that a Long Beach city order will allow bigger container stacks at the port. Not true. It’s for container yards outside the harbor district.
Upward of 2,000 empty containers are being sent to LA, potentially creating more burden on the congested port.
It’s no coincidence that spiking trans-Pacific trade coincides with more boxes overboard and more shipping accidents.
It costs roughly $7 million to charter a vessel, but avoiding congested ports may be worth it for some big companies.
The number of idling vessels has roughly doubled in the past decade, in part due to port congestion, a recent study finds. Idling vessels are at higher risk of biofouling, especially in warm waters.
Ocean cargo shippers are paying more than they ever have before for the worst service they’ve ever experienced.
The Port of Los Angeles had its busiest September ever, while Long Beach had its second busiest.
California port congestion is as bad as ever. Some imports have been stranded offshore for over a month.
Several large retailers are pledging that in less than 20 years, they will ship goods across the ocean without emitting greenhouse gases. Some environmental groups say that’s not soon enough.
Port volumes across the Gulf Coast were boosted in September by exports of petroleum and steel and imports of refrigerated cargo.
Barbara Melvin will succeed Jim Newsome at the helm of South Carolina Ports next summer and will become the first woman to lead a top-10 U.S. container port.
The ocean shipping boom is spreading across vessel types. Spot LNG shipping rates just topped $150,000 per day.
Some are questioning President Biden’s pick to lead the Maritime Administration for a lack of commercial shipping experience.
The Biden administration is pushing industry to take immediate and long-term steps to get ports and intermodal transport working smoothly.
More public shipping companies go private as IPOs remain rare. Here’s why exits outpace new listings.
A top Biden administration official believes securing data among supply chain competitors will be the key to rolling out a nationwide 24/7 strategy.
For the time being, two ocean services will not call Georgia’s busy Port of Savannah.