by Audrey Chaney | Aug 5, 2021 | News & Events
With so many unforeseen incidents stalling global trade, ongoing delays have sharply reduced the system’s effective capacity and put upward pressure on shipping rates that began reaching record highs months ago. Unfortunately, carriers have no extra ships to meet a...
by Audrey Chaney | Jul 8, 2021 | News & Events
Thanks to the signing of a settlement deal between the Suez Canal Authority and vessel owners Shoei Kisen Kaisha Ltd., the Ever Given will be seen off on Wednesday in a ceremony attended by dignitaries, diplomats and company officials from around the world. Neither...
by Audrey Chaney | Jul 8, 2021 | News & Events
The West Coast MTO Agreement (WCMTOA) today announced that on August 1, 2021, the Traffic Mitigation Fee (TMF) at the Ports of Los Angeles and Long Beach will increase by 2.2 percent. The adjustment matches the combined 2.2 percent increase in longshore wage and...
by Audrey Chaney | Jul 8, 2021 | News & Events
CN and Kansas City Southern (“KCS”) have highlighted the benefits realized by agriculture customers, including farmer-owned grain co-operatives, through CN’s open gateways commitment in the CN-KCS combination. These stakeholders, including agricultural customers in...
by Audrey Chaney | Jul 1, 2021 | News & Events
Mainland China Tianjin: All shipping lines are in tight supply of 40HQ. CMA is the worst. Qingdao: CMA is lacking 20GP/40HQ/45HQ. ONE/HPL/SML/MSC is lacking 40HQ. Shanghai: CMA/EMC/ZIM lack 40HQ/40GP. COSCO is releasing equipment vessel by vessel. HMM lacks 40HQ and...
by Audrey Chaney | Jun 25, 2021 | News & Events
Egypt expects to finalize an agreement next week for compensation over the giant ship that blocked the Suez Canal in March, according to the waterway’s top official. The Suez Canal Authority will sign a deal with the owners and insurers of the Ever Given vessel around...
