Capacity shortage on intra-Asia pushing up rates and manufacturing costs
Reduced container shipping capacity on intra-Asia trade lanes has led to fewer sailings, higher rates and increased manufacturing costs.
Source: The Loadstar
The Israel-Palestine conflict has raised significant alarm about the possibility of disruptions in the global supply chain. This ongoing dispute has triggered concerns over potential bottlenecks in shipping, surging freight rates, and unpredictable delivery schedules, all of which present a substantial hurdle to the smooth operation of worldwide supply networks. Additionally, the lack of clarity…
The Port of Los Angeles handled a record 10.7m TEU in 2021, a year that was characterised by congestion and ever-growing queues of ships. Source: Seatrade Maritime
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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
The Los Angeles Harbor Commission voted 5-0 to extend the container dwell fee programme meant to reduce congestion at the LA and LB ports until 29 April. Source: Seatrade Maritime
As long-staying cargo in the ports reduces further, the Ports of LA and LB have now delayed the introduction of container dwell fees until at least 28 January. Source: Seatrade Maritime