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
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
Two additional container berths at Ningbo-Zhoushan port have been opened temporarily for international vessels to reduce the pressure on container cargo handling. Source: Seatrade Maritime
About 1,700 dockworkers at West Coast ports have tested positive for Covid-19 in January alone, stretching capacity at the country’s busiest gateway for shipping containers. Source: Supply Chain Brain
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…
In an effort to alleviate logistical bottlenecks, the Californian port of Long Beach has called for stakeholders all along the supply chain to extend working hours. Source: The Loadstar
The French ocean carrier CMA CGM has announced the implementation of new Peak Season Surcharges (PSS) for cargoes transferred from Europe to several ports of America. Source: Container News