No relief from 'ridiculously expensive' container shipping rates
Trans-Pacific container shipping rates remain exceptionally strong despite a dip earlier this month.
Source: freightwaves.com
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Brexit not to blame for truck driver crisis
A fall in UK-born lorry driver numbers attributed to early retirement appears to have fuelled the shortage
Source: telegraph.co.uk
Port gridlock stretches supply lines thin in blow for economies
Global ports are growing more gridlocked as the pandemic era’s supply shocks intensify, threatening to spoil the holiday shopping season, erode corporate profits and drive up consumer prices. Bloomberg’s Port Congestion Tracker shows a typhoon in Asia spawned another wild week for shipping in a year with multiple challenges—a vessel…
Source: businessmirror.com.ph
Global supply lines stretched thin as port gridlock persists
Global ports are growing more gridlocked as the COVID-19 pandemic era’s supply shocks intensify, threatening to spoil the Christmas shopping season, erode corporate profits and drive up consumer prices. Bloomberg’s Port Congestion Tracker shows that a typhoon in Asia spawned another wild week for shipping in a year with multiple challenges — a vessel wedged in the Suez Canal, a dozen major storms, rolling COVID-19 lockdowns disrupting key manufacturing hubs in China and Vietnam, a shortage of truckers and dockworkers, and a resurgence of consumer demand. As of Friday, at least 107 contai...
Source: taipeitimes.com
Drewry: Ocean Carriers On Track to Earn $150B in 2021
Shipping consultancy Drewry has repeatedly upped its estimates for total ocean carrier earnings this...
Source: maritime-executive.com