Consumers will see higher prices in the coming months at their retail and grocery stores as a result of the rise in black gold.
Three shipments bound for the Port of Novorossiysk have been canceled.
Russia’s invasion of Ukraine has heaped more uncertainty onto the global markets, adding to economic volatility.
The increase in Suez Canal tolls range between 5%-10% and become effective Tuesday.
The International Chamber of Shipping issued a warning of the human capital component — Ukrainian and Russian seafarers are now locked out.
New data released by project44 shows vessels waiting to berth in Asia recorded an average increase from 13 days in December to 16.7 days in January.
Dysfunction at the nation’s largest port helps explain why the U.S. is losing the trade war to China.
In this exclusive interview with American Shipper, the port envoy to the White House Supply Chain Disruptions Task Force discusses the state of the ports, the challengers at hand and the outlook for the future.
Despite the victory of saving Christmas, the congestion problems at the nation’s largest ports have not improved.
While there are other factors in driving up supply chain costs, it cannot be refuted that maritime costs are adding to inflation.
The finger-pointing of blame and the political promises and suggestions are not improving the flow of trade.
The latest partial closure of the Port of Ningbo has forwarders shifting strategies to keep the flow of trade moving.
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.
The daily surcharge fines begin Monday, but there has been no immediate surge of container activity.
