The Port of Long Beach unveiled a cooperative plan with its terminal operators to improve port fluidity by prioritizing dual transactions for truckers.
A resurgence in the number of virus cases in Hong Kong and quarantine restrictions in China has led feeder operators reducing the number of ships and crews engaged in the trade.
Equipment providers open a near-dock site at Port of Los Angeles as a stop/start location for chassis in order to free up space at marine terminals and improve cargo velocity.
The agreement, lasting until 2025, cements Canadian Pacific’s contract with Hapag-Lloyd, its biggest container line customer and the largest carrier serving Canada, and rewards the railroad’s strategy to build a foothold in eastern Canada.
Carriers say a new law proposed by India’s Ministry of Shipping that pushes for greater transparency on ocean pricing amounts to “government interference.”
The ONE Apus incident would mark the largest loss of containers at sea since the June 2013 sinking of the MOL Comfort off Yemen.
If ship ordering restraint were to be extended pending clarity on zero-carbon ships, the capacity shortage that manifested itself in 2020, and resulting upward pressure on rates, could continue beyond 2021.
The further deterioration in ocean reliability can be seen in vessel bunching this week at the Los Angeles-Long Beach port complex, where 20 container ships were waiting at anchor as of Monday.