The India Trade Lane has been hit with a series of unfortunate events starting with the COVID-19 lockdown, congestions, the Suez Canal incident, and a second wave of COVID-19. These events have led to a space crisis never seen in global shipping. In response, carriers continue to levy Peak Season Surcharges (PSS) and General Rate…
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Trans-Pacific carriers have announced a General Rate Increase (GRI) effective August 1, 2021. This GRI will affect all Canadian and USA destinations. The following amounts are in USD and apply to all freight originating in Asia and the Indian Sub-Continent. General Rate Increase Applies to all U.S. and Canadian portsEffective August 1, 2021 Equip.USD20 ft$180040…
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Trans-Pacific carriers have announced a General Rate Increase (GRI) effective July 15, 2021. This GRI will affect all Canadian and USA destinations. The following amounts are in USD and apply to all freight originating in Asia and the Indian Sub-Continent. General Rate Increase Applies to all U.S. and Canadian portsEffective July 15, 2021 Equip.USD20 ft$90040…
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Good news, Yantian International Container Terminals (YICT) is fully operational as of Thursday morning, June 24, 2021. The challenge will now be clearing the backlog over the next four weeks, as peak season draws near. All berths are fully operational, with laden gate-in tractors back to 9,000 trucks per day. The requirement of export laden…
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The following are recent updates regarding the state of operations at Yantian Port: YICT has issued a notice stating that as of June 10, the terminal will accept export laden containers with an ETA-7.The overall operation capacity of YICT has been restored to about 75 percent.The yard density is significantly reduced to 70 percent.During the…
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What started as a small COVID-19 outbreak in Yantian port is now having a crippling effect on all Southern China ports. There are more than 40 containerships at anchor outside Yantian and more than 60 void sailings announced for the rest June. Nearby, Nansha and Shekou ports are suffering under burgeoning container flow, as regular…
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The impact of terminal slowdowns at YICT terminal, in Yantian, has caused a ripple effect that is paralyzing the region’s ports. Quarantine restriction has caused labor to be in short supply. This has limited the number of active berths to only five of what would normally be 16 vessels working at any given time. There…
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UPDATE: 5/27/21—YICT terminal in Yantian is extending its closed gate for outbound cargo to May 30, 23:59. Retrieval of inbound containers and empty pick up are not impacted. Laden acceptance will only allow shipments with vessel whose ETA is within four days. The implementation period for this new parameter is from May 28 to June…
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With eleven straight months of volume growth behind us, and no immediate end of sustained consumer demand in sight, ocean carriers and marine terminals continue to choke on the sea of import containers coming into U.S. ports. The COVID-19 virus caused intermittent labor shortages, by impacting drivers and longshoremen, and severely disrupted terminal efficiency and…
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As COVID-19 cases increase in India, several state governments have ordered lockdowns or curfews. These restrictions could continue until end of the month. The following are major updates we are seeing regarding the impact on commerce. Manufacturing—Manufacturing in India has come to a near standstill. Airports—More and more countries are restricting passenger travels to and…
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