Page 9 - Daniel Maffei News Today

Mark Boone grudgingly accepted that the cost of shipping a container of wax melters from Pakistan to Charleston, S.C., doubled in the past year to more than $17,000. But the shipping line’s extra $6,820 fee in December for a single container that U.S. Customs and Border Protection pulled aside for inspection for 20 days fell ...

The situation is throwing a spotlight on the market concentration of shipping lines, and their legal immunity from antitrust laws. . Read more at straitstimes.com.

Shipping Companies Had a $150 Billion Year. Economists Warn They’re Also Stoking Inflation

Supply chain issues and high shipping rates have thrown a spotlight on the market concentration of shipping lines and their legal immunity from antitrust laws.

(Bloomberg) -- Ocean shipping rates are expected to stay elevated well into 2022, setting up another year of booming profits for global cargo carriers — and leaving smaller companies and their customers from Spain to Sri Lanka paying more for just about everything.

By Lauren Etter and Brendan Murray (Bloomberg) — Ocean shipping rates are expected to stay elevated well into 2022, setting up another year of booming profits for global cargo carriers —...

As the Holiday season moves towards crunch time, the “supply chain”, with its empty shelves and delayed delivery times, is rivalling the Omicron variant when it comes to attention from...

A new measure intended to relieve congestion at Southern California ports threatens to pit U.S. importers against ocean carriers, highlighting divisions and competing interests at America’s busiest gateway for container imports. The ports of Los Angeles and Long Beach plan to begin charging the shipping lines starting Nov. 15 for containers that sit too long ...

Global shipping issues are harming US agricultural exports and intervention by Congress is urgently needed to address delays and congestion at US ports, ag interests told the House Transportation Coast Guard and Maritime Transportation Subcommittee. Prompted by the onset of the coronavirus pandemic early last year, an array of ocean shipping supply chain issues have ...

President Joe Biden and the leading members of the Democratic Party are not doing anything to resolve the ongoing supply chain crisis that is gripping the nation. On Oct. 13, Biden made an [...]