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
Foreign container lines claim there’s an increase in direct port loadings at Indian ports due to improved cargo aggregation opportunities, presented by the modified cabotage policy. Source: The Loadstar
Dalian is the latest port city in China to detect the Omicron variant. As a result, forwarders have warned of more shipping delays in the countdown to the Chinese New Year. Source: The Loadstar
The crew has abandoned car-carrier Felicity Ace, which was ablaze off the Azores. The fire is estimated to have damaged cargo worth $401 million. Source: The Loadstar
Container line schedule reliability dropped from 78% in 2019 to 63.9% in 2020, and then to 35.8% in 2021, marking a staggering drop from the pre-2020 levels. Source: Container News
The Port of Singapore maintained its position as the world’s busiest transhipment port in 2021, with record-high container traffic of 37.5 million TEU. Source: Container News