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...
by Audrey Chaney | Jun 25, 2021 | News & Events
Over the past couple of months, the congestion at the ports of Los Angeles and Long Beach – the main US west coast gateway – has eased and vessel turn times improved. However, shippers may see renewed strain on the ports and their rail and truck networks...
by Audrey Chaney | Jun 25, 2021 | News & Events
A widely held theory on pandemic spending is that container imports surged because Americans bought a lot more goods when COVID prevented them from buying services. Now it is forecasted that with more vaccinations and fewer hospitalizations, Americans will resume...
by Audrey Chaney | Jun 25, 2021 | News & Events
Yantian International Container Terminal (YICT) says it will return to normal operations this week, following weeks of disruption caused by an outbreak of Covid-19 among dockers at the port. At midnight local time, all berths (including the West Port area) would...
by Audrey Chaney | Jun 21, 2021 | News & Events
An emergency closure of the Interstate-40 bridge across the Mississippi River has jammed traffic for over a month, hampering the region’s economic recovery from the pandemic and further straining an already stretched national supply chain. Typically, about 40,000 cars...
by Audrey Chaney | Jun 21, 2021 | News & Events
The UK P&I Club and other insurers are close to an agreement with the Suez Canal Authority (SCA) for compensation following the stranding of the Ever Given in March this year. As a result of negotiations with the SCA, the parties involved asked the Egyptian court...
