US-India Trade Lane in Crisis Mode
…Effective Date Carrier Rate August 1 MSC $1500 per container July 15 MSC $1200 per container July 1 MSC $750 per container July 1 CMA CGM $500/20′ $600/40′ June 1…
Yantian Port Resuming Operations
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,…
More Void Sailings Announced for Yantian
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…
COVID-19 Update: India on Lockdown
…Sheva. Because of this, we are going to experience delays in container movement this week. As was witnessed last year, truck drivers and factory workers are fleeing to their hometowns…
Ocean Cargo Market in Crisis for Import and Export
…which were containerships—contributed to the disruption of some 1.5 million containers, leading to the worst possible scenario for an already overburdened system. Docking schedules for ships were missed as some…
Ever Given—Gone, Not Forgotten: Suez Canal Update
…bog down, while putting extreme pressure on infrastructure. We were already experiencing a smaller version of this at U.S. West Coast ports in past months, where containers are still buried…
Record Imports from China Continue as Yantian Port Buckles Under the Load
…– no containers accepted with ETD on or after February 16 February 10 – no containers accepted with ETD on or after February 17 February 11 – no containers accepted…
Shortened New Year’s Celebration Anticipated in Asia This Year
…to work through six straight months of record container volume. The velocity of cargo flow through the port has slowed due to the effects of congestion, chassis shortages, empty container…
System Overload Continues…
…idle fleet from nearly 600 containerships to about 100 (mostly unsuitable) remaining, for deployment in vessel strings, with another 30 or so used as extra-loaders. The shift was effective in…
US Port Congestion Becoming Critical
Since October, the surging container volumes hitting US Ports coupled with container supply concerns and chassis shortages, have worried trade groups within the industry about port congestion. At the time,…