Port of Los Angeles and Port of Long Beach report strong January volumes
February 15, 2024
POLA volume came in at 855,652 TEU (Twenty-Foot Equivalent Units), for an 18% annual increase, and POLB reported that January volume, at 674,015 TEU, increased 17.5% annually.
February Descartes Global Shipping Report highlights solid annual and sequential import growth
February 8, 2024
From December to January, Descartes reported that U.S.-bound container import volumes rose 7.9%, to 2,273,125 TEU (Twenty-Foot Equivalent Units). And on an annual basis, it found that January volumes were up 9.9%, while posting a 9.6% increase compared to pre-pandemic 2019’s 2,036,393 TEU tally. What’s more, the report noted that the 7.9% sequential increase, from December to January, marked its biggest gain for that period over the last seven years.
Industry experts assess Red Sea shipping situation in House T&I Committee hearing
February 2, 2024
With the global supply chain remaining on high alert amid the series of attacks on the Red Sea shipping lane by the Yemeni Houthi pirates in response to the ongoing Israel-Palestine conflict, a hearing held this week by the House Transportation and Infrastructure Committee, examined the impact of this situation on various aspects of goods movement and the supply chain.
Retailers look to shift supply chain strategies, seek Red Sea Alternatives
January 18, 2024
Global shipping rates are skyrocketing as Houthi attacks in the Red Sea continue. Carriers avoiding the area are suffering from longer transit times around Africa, leading not only to higher costs but delayed deliveries and disruption throughout the global supply chain.
Shippers look at alternatives amid Red Sea Crisis
January 16, 2024
Major U.S. container ports are entering a period of historically low cargo volumes as the holiday season winds down. However, attacks on cargo ships in the Red Sea and continued delays at the Panama Canal may shake up this year’s usual winter lull.
U.S. and England strike back against Houthi pirates as Red Sea situation continues
January 12, 2024
Earlier today, various media reports indicated that the United States and England have taken retaliatory measures against the Yemeni Houthi pirates for their ongoing series of attacks on the Red Sea shipping lane, in response to the ongoing Israel-Palestine conflict.
Maersk continues to pause vessels in Red Sea and Gulf of Aden
January 5, 2024
Due to the ongoing violence in the Red Sea region and continued attacks on global shipping, global ocean container line service provider A.P. Moller-Maersk said this week it would pause all vessels bound for the Red Sea/Gulf of Aden, due to the recent incident pertaining to the Maersk Hangzhou and related issued in that region.
A.P. Moller-Maersk, Hapag-Lloyd stop commercial shipping in Red Sea
December 19, 2023
Companies have placed a pause on activity as Houthi rebels continue to target commercial ships.