Although carrier reliability globally in November was the best so far this year, carriers operating on the trans-Pacific eastbound lane saw reliability worsen, as timeliness sank to 53.6 percent for the month, new data from SeaIntel shows.
Africa’s inland freight network is so troubled that it costs roughly seven times more to ship a container from Mombasa, Kenya, to Burundi, in central Africa, than it is to ship a container from Shanghai to the major Kenyan gateway, an APM Terminal executive said.
China Merchants (Holdings) International (CMHI) reported double-digit growth in throughput from January through November, continuing the strong increase in international trade that also drove up volumes at rival port operator Cosco Pacific.
Carriers announced GRIs this week for several major trade lanes, all effective on Jan. 15. Spot rates on Drewry Maritime Research’s World Container Index composite index, which measures 11 East-to-West trade lanes, has dropped 23.5 percent in the five weeks since Nov. 6.
Although Hapag-Lloyd announced the completion of its merger with Chilean carrier CSAV on Dec. 2, it must still navigate the rocky shoals created by the two carriers’ combined losses and heavy debt load.
WASHINGTON -- The U.S.
Throughput at Port Everglades jumped 12.5 percent in October, newly released port statistics show.
The idle container ship fleet crept up slightly over the past two weeks but remains at a record low, according to Alphaliner.
Shippers and ocean carriers, left reeling from months-long congestion and berthing delays at India’s largest container port complex, Nhava Sheva (Jawaharlal Nehru Port Trust), are unlikely to get a break in the near future, as the port authority has been forced to push back an equipment modernization program by a month following delays in the arrival of new gantry cranes.
Changes to truck driver hours of service rules under the cromnibus spending bill could increase truck capacity, giving carriers a quick productivity boost for the holidays.
The German inland port of Duisburg is projecting to handle a record 3.4 million TEUs this year via water, rail
NVOCCs and forwarders will be required to submit house bills of lading to China customs when the country's advanced manifest system is implemented in March.
The port of Antwerp faces a total shutdown on Monday as dockers and other waterfront workers join a 24-hour nationwide strike that will also paralyze rail freight and air cargo traffic across Belgium.