Typhoon Chanthu has stalled just off the coast of Shanghai, and forecasts indicate that it will remain in the region through Wednesday, dumping rain and rattling China’s central coast with high winds.
Since the beginning of 2021, container shipping spot freight rates have continued to rise due to port congestion and the major imbalance between demand and maritime container transport effective capacity.
Congestion has worsened again in recent days at US west coast ports, leaving some experts to conclude that the disruptions to US and global supply chains caused by the current ocean freight bottlenecks will take at least a further six months to unravel.
Disruptions and delays to air freight shipments through China’s largest cargo airport, Shanghai Pudong International (PVG), are mounting as new coronavirus infections have led to the closure of one of PVG’s main cargo terminals, reduced handling and customs capacity, and triggered flight cancell
Desperate logistics service providers in Chicago are resorting to a number of new tactics, including bribery and undercover extraction missions, to avoid worsening congestion that is trapping shipments for more than a week at O’Hare International Airport’s cargo terminals, according to industry
Operations at the Chinese container terminal closed two weeks ago after a worker tested positive for COVID-19 are slowly starting to resume. The first ships have been permitted to depart and arrive at the Meishan container terminal in the Ningbo-Zhoushan port complex.
Unprecedented volatility keeps impacting all major trades across all transport modes while local COVID-19 outbreaks continue to affect cargo handling which is putting an extra strain on air, ocean, and rail transportation, according to Scan Global Logistics’ (SGL) latest Market Outlook Advisory.
Multiple logistics companies are reporting that authorities have suspended operations in a major warehouse at Shanghai Pudong International Airport because of a COVID outbreak, putting a halt to most freighter activity at China’s largest cargo airport.
Big apparel and footwear merchants are increasingly trying to switch from ocean to air transport to make up for huge production slowdowns in Vietnam due to COVID and ensure seasonal imports arrive on time for holiday shoppers.
According to several emails alleged to be from ocean carriers, US West Coast congestion surcharges appear to be imminent. From Aug. 19th, 2021 ingate, the charge is expected to be $800/20′, $1000/40′, $1125/40HQ & $1266/45′ container. A further increase is anticipated for Sept. 15th, 2021 ingate, of $2400/20′, $3000/40′, $3375/40HQ & $3798/45′ container. It should […]