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The ports of Los Angeles and Long Beach have again delayed their implementation of fines against shipping lines for containers that have remained too long at the terminals, now until Nov. 29, the ports said Nov. 22. The fines was set to take effect Nov. 15, and were initially delayed until Nov. 22, for unloaded ...
The spot rates will witness extreme swings coupled with anticipated volatility in 2022.
The global container shipping industry is entering a period of volatility that will extend long after the current peak shipping season, with a return to pre-pandemic market conditions almost certainly out of reach, according to consultancy Vespucci Maritime CEO Lars Jensen. Bottlenecks causing severe congestion throughout the supply chain in North America will eventually be ...
All-inclusive bookings levels from North Asia to North America lost support during the week to Oct. 22 as demand for trans-Pacific cargoes dampened. While US retailers are still busy restocking ahead of the year-end shopping season, supply chain and electricity cuts in China lowered factory output, sources said. “On the demand side, we haven’t seen ...
All-inclusive container rates for shipping from North Asia to West Coast North America were available at their lowest level in months as additional carrier options and a gloomy outlook on the overall supply chain resulted in a wide segmentation in the spot market. Container freight from China to Los Angeles/Long Beach was available as low ...