Shanghai retains its position as the world’s busiest container port
Shanghai port recorded the highest container volume in 2021 with a 3% growth YoY, maintaining its position as the busiest port for 12 consecutive years.
Source: Seatrade Maritime
Yantian port lowered the cut-off time for receiving outbound containers since Wednesday, claiming delayed ship arrivals have caused containers to pile up in its yard. Source: The Loadstar
Container spot rates from Asia to the US west coast spiked last week, ahead of the Chinese New Year holiday on 1 February. Source: The Loadstar
The port has launched operations of a new 100,000 tonnes-class large size container berth at the Jintang port area which will be 340 metres long and 59 metres wide. Source: Seatrade Maritime
Maersk will launch a new intermodal service this week that will connect Korea, Japan and China to the Kaliningrad Region in Russia, the Baltic countries, and Poland through Trans-Siberian. Source: Container News
A record 7.2m TEU was added to the global container equipment fleet last year, taking it to 50.5m TEU, driven by unprecedented demand from ocean carriers and logistics operators. Source: The Loadstar
The recent shipping container shortage that’s left everything from soybeans to smartphones idling in ports threw global trade into chaos. While shippers were scrambling to keep their goods moving, the import/export imbalance pushed ocean rates to eye-watering levels. So, where have all the containers gone? Many remain stranded in inland depots, and hundreds more are…