The average number of ships waiting per day at Asian ports increased from 13 in December 2021 to 22.5 per day last month. Source: Seatrade Maritime
According to the Ministry of Shipping, 95% of India’s foreign trade is mainly via seaports. These ports play a crucial role in the International North-South Trade Corridor (INSTC), which connects the Indian Ocean to trade with the Eurasian trade corridors and the Arctic. The coastal regions of Maharashtra, Kerala, Goa, Karnataka, Gujarat, Andhra Pradesh, Tamil…
Reduced container shipping capacity on intra-Asia trade lanes has led to fewer sailings, higher rates and increased manufacturing costs. Source: The Loadstar
100+ companies and associations representing the US agricultural industry are demanding a bill addressing ‘unreasonable ocean carrier practices that are undermining US export competitiveness.’ 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
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