Los Angeles port braces for Yantian catch-up, peak season combo
Wave of cargo delayed by COVID outbreak in Yantian, China, is starting to hit California’s already strained terminals.
Wave of cargo delayed by COVID outbreak in Yantian, China, is starting to hit California’s already strained terminals.
California offshore traffic jam, Ever Given, Yantian closure, skyrocketing rates and volumes … what’s next for container shipping?
May was the busiest month in the 114-year history of America’s busiest port.
Container spot rates spiked again, with new records set. For importers, the worst is yet to come.
“With our sustained focus on supply chain digitization, infrastructure investments and strong business relationships, we have the opportunity to build on this historic milestone,” says Executive Director Gene Seroka.
Retailers at increasing risk of not getting goods from Asia on shelves as ocean transport system hits limit.
Rather than awaiting national-level solutions to trade imbalance and demand surges, shippers and carriers should act now to modernize operations across the supply chain.
Ships at anchor are unlikely to clear by peak season. Congestion is forcing wide-scale voyage cancellations.
There have been no reported injuries, pollution or cargo losses aboard the vessel deployed on a ONE Atlantic service.
“This was by far the busiest April in the port’s 114-year history, outpacing the previous record set just back in 2019 by a hefty 29%.”
Importers are scrambling as demand sails past ocean transport supply. The numbers paint an ominous picture for cargo shippers.
Trans-Pacific container crunch is about to become even more severe, warns Flexport, with May sailings now effectively sold out.
Prologis launched a new LEED program, Blume Global says it will be carbon-neutral very soon, and bays are seeing ecological recovery.
U.S. importers will be paying a lot more for annual ocean contracts this year, but pricing inflation has eased.
“The container shipping industry is currently seeing unprecedented demand, which has led to a shortage of containers all over the world,” says CEO Rolf Habben Jansen.
The container ship now is expected to anchor in San Pedro Bay on May 1.
U.S. ports just booked their largest import hikes in memory, according to The McCown Report.
Imports into Los Angeles at not slowing down. Can the backlog be cleared before the peak-season swell begins?
Container shipping spot rates haven’t budged from COVID-fueled peaks. Cargo shippers’ hopes for a rate pullback are fading.
Pearl service customers’ imports likely will be delayed arriving from Asia.