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There's a near-record backlog of ships and several metric tons of goods waiting at the largest U.S. port in California. Learn: Expect Apparel Prices To Rise This Holiday Season as Cotton Costs Hit...
Trans-Pacific container bottlenecks likely to last until end of Q2: Hapag-Lloyd Port congestion and other logistical bottlenecks that are delaying container ship services and keeping freight rates elevated are likely to last until the end of the second-quarter, German shipowner Hapag-Lloyd’s North America President Uffe Ostergaard said on Feb. 4. Congestion at US ports will get worse in the months ahead before it gets better, Ostergaard said in a virtual forum. The growing queue at the Ports of Los Angeles and Long Beach, strained beyond capacity by relentless import volumes, will push ship...
Shipping carriers rejected tons of U.S. agricultural exports, opting to send empty containers to China Shipping carriers rejected U.S. agricultural export containers worth hundreds of millions of dollars during October and November, instead sending empty containers to China to be filled with more profitable Chinese exports, a CNBC investigation found. The Federal Maritime Commission has received petitions from U.S. agricultural exporters warning that the delays in trade not only threaten profits but the reputation of the industry. The commission, in turn, launched an investigation and is revi...
Port of Houston lands new direct Asia service 2 1,099 1 minute read The new service will call the Chinese ports of Hong Kong, Yantian, Ningbo, Shanghai and Pusan before sailing through the Panama Canal to Houston. Pictured is a Hyundai Merchant Marine ship. (Photo: HMM) Port Houston will be the first U.S. port of call in THE Alliance’s new direct Asia service. The trans-Pacific EC6 service will begin in Kaohsiung, China, and reach the U.S. Gulf Coast through the Panama Canal. “We are very excited about the start of this new service by THE Alliance. It offers our regional exporte...
Press release content from Business Wire. The AP news staff was not involved in its creation. New Asia Service to Call Port Houston December 23, 2020 GMT Containers at Port Houston's Barbours Cut container terminal (Photo: Business Wire) HOUSTON--(BUSINESS WIRE)--Dec 22, 2020-- Port Houston will be the first port of call in the United States on a new direct Trans-Pacific Asia service being launched by THE Alliance called the “EC6,” an East Coast all-water service via Panama calling the U.S. Gulf. ADVERTISEMENT Containers at Port Houston’s Barbours Cut container terminal (Photo: Business...