US importers pay millions in additional interest due to port congestion in US West Coast ports

image of US currency in relation to additional interest paid by customers for cargo waiting outside US ports due to port congestion

Billions of dollars worth of cargo waiting outside West Coast ports in 2021 racked up millions in interest due to port congestion Importers pay millions of dollars in interest to … Read more..

The impact of Supply Chain disruptions and mitigation – A conversation with the FMC

Impact of supply chain disruption and mitigation - A conversation with the FMC

Supply Chain can perhaps be termed as the “Phrase of the Year” in 2021. Whether you were involved in the business of supply chain or not, everyone heard about it, … Read more..

Average Transit time from China to New York outperforms Los Angeles/Long Beach transits

press release - shipping and freight resource

As many container vessels continue to loiter across Southern California and farther, waiting for berths at the ports of Los Angeles and Long Beach — the focal points of the … Read more..

CMA CGM to incentivize early pick up of import containers at Los Angeles and Long Beach

News - Shipping and Freight Resource

CMA CGM posted a net profit of $5.6bn for Q3 increasing its consolidated revenue by 89%, compared to 2020 on the back of incredible freight rates and the signing of … Read more..

The American trade imbalance and port congestion

port of long beach 2nd busiest october on record- shipping and freight resource

As per stats released by the U.S. Census Bureau and the U.S. Bureau of Economic Analysis, the American trade deficit on goods and services went up 4.2%, rising from $70.3 … Read more..

California Governor and U.S. Port Envoy vow to take action to curb supply chain disruptions

Long beach - governor and port envoy vow to take action supply chain disruptions

Long Beach, Nov. 17, 2021 : Gov. Gavin Newsom and U.S. Port Envoy John D. Porcari visited the Port of Long Beach on Wednesday to highlight state and federal measures being … Read more..

Temporary relief as Container Dwell Fee postponed till 22nd Nov at Long Beach and Los Angeles

port of long beach 2nd busiest october on record- shipping and freight resource

“We’re encouraged by the progress our supply chain partners have made in helping our terminals shed long-dwelling import containers” This is the message from Mario Cordero, Executive Director of Port … Read more..

Why America’s “Shipping Crisis” will not end

Shipping and Freight Resource Press Release

The American shipping crisis has been making news all over the world and has been the subject of discussions across many media platforms and the industry.. Even US President Joe … Read more..

Ocean carriers set to pay surcharges at Long Beach and Los Angeles for containers in terminal

news - shipping and freight resource

Ocean carriers who are usually the ones charging “surcharges”, may soon be paying a “surcharge” at the San Pedro Bay ports of Long Beach and Los Angeles for import containers … Read more..

36-day average transit time on China-US West Coast route underscores the extent of supply chain breakdown

Port of Long Beach

With the Biden Administration now stepping in to tackle the port congestion crisis at Long Beach and Los Angeles, China-US West Coast transit data and insights provided by digital freight … Read more..

Biden steps up pressure on ports and supply chains to address port congestion woes

News - Shipping and Freight Resource

US President Joe Biden seems to have increased his efforts to ease the current congestion, transportation and supply chain blockages that are disrupting the US ports especially on the West … Read more..

Analyzing the cost of container scarcity and port congestion on freight operations – market survey & results

Ever Given - Shipping and Freight Resource - Suez Canal

The weight of COVID-19 saw supply chains buckle, as stakeholders had little visibility into end-to-end logistics operations. Last summer, an unexpected surge in consumption levels caught container lines by surprise, … Read more..

Ocean Insights Spotlights Ongoing Port Congestions and Shipment Delays

Press Release - Shipping and Freight Resource

Rostock, March 23, 2021 — With shipping rates at historic highs, ocean shipment data collected by ocean freight intelligence company Ocean Insights (a project44 company) spotlights ongoing shipment delays at … Read more..

Port Congestion – causes, consequences and impact on global trade

port congestion

Port Congestion is one of the dreaded words in the dictionary for ship owners, ship operators, ports and customers alike.. It is a situation has several causes and consequences and … Read more..