Shipping
Tentative deal reached between ILWU and US West Coast Ports Employers
Late Wednesday, ILWU and Maritime employers reached a tentative agreement on a 6-year long contract covering all 29 US West coast ports
Read MoreIndian Ports Are Maxed Out
Due to equipment upgrades in port and cyclones hitting the coast, India's ports are experiencing a bottle neck at limited open ports. Carriers calling on the west coast of India are dealing with major service reliability challenges amid a severe port capacity strain in the busy trade corridor.
Read MoreSlowdowns and delays this week
Seattle port shutdown due to low productivity/ crane failure. Los Angeles and Long Beach Port terminal labor strike are causing delays and vessel backup.
Read MoreMore Blank Sailing from China
Ocean carriers plan to cancel 50 voyages from now till end of April. This signals the decline in Chinese imports to US.
Read MoreWan Hai faces $950,000 fine under revised FMC settlement over detention charges
Ocean carrier Wan Hai would pay a $950,000 fine under a proposed settlement involving claims it wrongfully charged US shippers detention penalties on 21 occasions in the spring of 2021, according to a revised agreement submitted to the Federal Maritime Commission (FMC).
Read More3 Things That Matter For The 2nd Quarter
The 3 key factors affecting the market moving forward will be: Vessel integrity/blank sailings and the cost of the disruptions to the customer Port issues with empty returns (as a result of #1) Incoming capacity from carriers in 2023
Read MoreMarch 2022-China's lockdowns and Ukraine conflict effects on the Marketplace
Updates on Ukraine and Russian conflict and China's lockdown in Shenzhen
Read MorePierpass Increases at Los Angeles and Long Beach Ports
The West Coast MTO Agreement (WCMTOA) announced that the Traffic Mitigation Fee (TMF) at the Ports of Los Angeles and Long Beach will be temporarily adjusted from December 1, 2021, through January 31, 2022, subject to regulatory clearance by the Federal Maritime Commission
Read More[Update 2.2.22]Container Dwell Fees set to begin... FEB 4, 2022
The Ports of Long Beach and Los Angeles have announced and made effective a CONTAINER EXCESS DWELL FEE / CONGESTION DWELL FEE for which the ports will charge ocean carriers for each container that exceeds specific dwell time.
Read More​What's to follow now the Suez Canal blockage is cleared?
The aftermath of the Suez Canal. What to expect? what are the coming challenges?
Read MorePort Congestion All Time High
Read MoreAsia-US Delay Domino
Still feeling the effects of summer Covid Delays causing turmoil on global supplychain.
Read MoreFourth Quarter Updates
Updates on shipping state and patience to see how our next US administration will influence future trade.
Read MoreFEU rates above record
New GRI set to push Asia-US West CoastFEU rates above record. #CovidUpdates
Read More