New data on the explosion of capacity being deployed in the Asia-US trade indicates there will likely be sufficient capacity to handle projected import volumes for the rest of the year, but the effective capacity will be reduced by port congestion in the US and Asia.
Los Angeles-Long Beach terminal operators are pulling out all stops to handle a record 20 million TEU of laden and empty containers this year with the peak season now in full swing.
The responses of two major carriers to an importer’s complaint to the US Federal Maritime Commission underscores the difficulty in using a regulatory avenue to settle contract disputes.
Disruption to Asia-North Europe supply chains is growing as the trade moves into its peak shipping period facing soaring rates and falling service levels.
With trust between carriers and their customers at an all-time low in a highly unstable container shipping market, there is growing interest from all parties in the multiyear, two-way contracts enabled by the NYSHEX platform.