Page 36 - Container Shipping News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Synopsis Global container shipping rates have climbed to record highs in recent months due to bottlenecks caused by a surge in demand for consumer goods. iStock Maersk estimated operations in the eastern area of the Yantian terminal, where larger vessels mainly berth, would remain at around 30% of their normal level. BEIJING: Major shipping companies have warned clients of worsening congestion at Shenzen's Yantian port in southern China following the discovery of several asymptomatic cases of COVID-19 in the city. Yantian International Container Terminal (YICT), one of China's busiest contain...

New Turkey – Caspian Service via Russian Rivers P&O Maritime Logistics is launching a new inland river route between Caspian ports and DP World Yarimca. The trial voyage was made at the end of last month, the company said. The new shipping route, called the Turkey – Caspian line, to be jointly launched by P&O Maritime Logistics with the support of DP World Yarimca and several other DP World group companies, will connect Turkey to the Central Asia on a regular basis. P&O Maritime Logistics expects that the Turkey – Caspian line provides speed and cost advantages, while also reducing carb...

In January-April 2021, the sea ports of Ukraine handled 320.4 thousand TEU, down 10.4% year-on-year. By way of comparison, Russia’s largest Black Sea port of Novorossiysk during January-April 2021 handled 312 thousand TEU growing by 7.6%. According to the Ukrainian Sea Ports Administration, export container traffic via the Ukrainian sea ports made 155.1 thousand TEU, down 7.8% year-on-year. Import decreased by 10.9% down to 154.5 thousand TEU. Transit container traffic via the major Ukrainian ports declined by 32.9% down to 10.8 thousand TEU. Cabotage made 2 TEU. Odessa handled 210.6 thousa...

The scarcity of containers has pushed up shipping prices to near record highs: by the end of 2020, the cost of shipping goods from China to Northern Europe - one of the most popular trade routes - had quadrupled from levels at the start of the year.  “The container crisis is increasing the pressure on British retailers and manufacturers at a time when businesses are already having to contend with the impact of Brexit and the pandemic on their profitability,” says Charlie Walker, head of marketing at leading e-commerce fulfillment and logistics solutions specialist, Walker Logistics. He c...

Synopsis Any hope for a return to more normal conditions this year was quashed with the beaching of the Ever Given that stalled traffic through the Suez Canal for almost a week in late March. iStock Most logistics experts agree the situation can’t stay this disrupted forever, but there’s a growing sense that relief might not come until 2022. Even those sentiments are part guesswork. Container shipping rates are heading higher again, driven to new heights by unrelenting consumer demand and company restocking from Europe to the U.S. that are exhausting the world economy’s capacity to move...