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Global shipping is national news with most stories covering the symptoms. Since 1990, the size of ships increased 3X, but the design of the west coast ports remained largely unchanged. meters, to accommodate ships with 20 rows of containers) and 15.2 meters, to accommodate ships with 20 rows of containers) and 15.2
Global shipping prices are continuing to rise as Houthi rebels keep up attacks on cargo vessels in and around the Red Sea. The disruptions are at a key point for ships passing through the Suez Canal and are creating ripples across supply chains in Europe and the U.S., And now on to this week’s logistics news. East Coast.
Cargoships lost 661 containers at sea in 2022, down from the 15-year average of 1,566 lost per year, according to the latest figures from the World Shipping Council (WSC). Some major ocean carriers have also announced new fees for goods shipped on the route as of June 1 in response to the canal restrictions.
The world’s oceans have been a vital part of global trade since humans first launched ships from shore. As a result, maritime shipping lies at the very heart of the global logistical system. In this concluding article, I want to discuss how climate change risks are adding to challenges faced by shipping firms and their clients.
As world affairs go, the most recent Global Liner Shipping conference in London did not stir up much interest in the global news cycle. The Panama papers were still hogging the headlines and competing hard against dissections of mishaps in the private lives of British politicians. The price we have to pay to keep the industry afloat.
Global shipping is national news with most stories covering the symptoms. Returning containers is an ongoing issue resulting in some manufacturers investigating a return to break-bulk shipping (container free). Since 1990, the size of ships increased 3X, but the design of the west coast ports remained largely unchanged.
Another valid concern about larger vessels is that a ship carrying 18,000 to 19,000 TEUs will need about 100 acres of terminal within the port to carry out efficient operations. By the time an expansion may be completed, it may be operationally obsolete because of even larger ships. Lack of Terminal Space. Carrier Alliance Confusion.
What’s happening in the Panama Canal 2023? The Panama Canal, a crucial 50-mile waterway that six percent of all global trade passes through, faced major traffic jams this month due to a historic drought. Some ships were delayed by as much as 21 days. How long will the Panama Canal drought last?
An Expanded Panama Canal Takes Logistics into Uncharted Waters.Connect. Since the Panama Canal opened this past Sunday, we wanted to share it with you again. In December, the Port of Los Angeles handled the largest container ship ever to call at a North American port. Editor’s note: This post originally ran in February.
Short Term Medium Term Special Feature Carriers & Cargo Innovation Freightos focus November 2015 freight and logistics trends that rate. The ramifications of the restructuring of China’s economy, freight innovation, re-shoring, widening the Panama Canal, and the new super-size ships are all covered. Sustainable shipping!
In December, the Port of Los Angeles handled the largest container ship ever to call at a North American port. The enlargement of the Panama Canal is scheduled for completion this year, enabling mammoth-sized container vessels to transit the waterway. These big ships are expected to alter the distribution of cargo between U.S.
Global Shipping Effects of the Hanjin Bankruptcy. Hanjin Shipping, a South Korean company and the seventh largest container shipper in the world, filed for bankruptcy on Wednesday, August 31, 2016, which has prompted significant questions and confusion around the world as to how this will affect global shipping.
New Panama Canal Options: Running the Numbers with a TMS.Connect by TMC. When the expanded Panama Canal opened this June, a new set of routes became available for shippers and beneficial cargo owners (BCOs). As described in my previous blog post , the enlarged Panama Canal can handle container ships up to 13,000 TEUs in size.
East Coast Ports Could Gain 10 Percent Additional Share Following Panama Canal Expansion. Moving on to technology news, Cloud Logistics announced new enhancements to its transportation management system (TMS), including: Advanced third party logistics (3PL) capabilities to support complex hierarchical relationships and shipping rules.
Supply Chain Dive –With one of the worst droughts in history, the canal is forced to place restrictions on the amount of cargoships can carry. The Panama Canal, and Central America more broadly, is experiencing one of the worst droughts in its recorded history. The post The Panama Canal is thirsty.
Shipping Routes: Clydebank Declaration. Signatories to the so-called Clydebank Declaration agreed to collaborate to support the creation of green shipping corridors between two or more port pairs. Carriers will be incentivised or obliged to service these maritime routes only with zero emission ships.
More Resources Home Red Sea and Suez Canal Shipping Crisis Update Judah Levine Optimize your logistics tendering, vendor selection, negotiations, and procurement with Freightos Data Book a Demo Even with an international naval force in place, Houthi attacks on commercial vessels in the Red Sea continue. The number of impacted Asia – N.
When shipping product into a country as large and complex as Brazil, the choice of transportation routes has a critical impact on supply chain costs. An example of the results is a network that involves shipments from a cargo consolidation center in Panama to a port in southwestern Brazil and an airport in the central portion of the country.
What will happen when the Panama Canal expansion is completed in 2016? The Panama Canal is over a century old. And the canal was too small for the Post-Panamax vessels, which carry two to three times as much cargo as the ships that currently squeeze through the Panama Canal. This is all about to change.
This acronym stands for All Water Service, which is one of the most cost-effective ways to ship your cargo, and also one of the most eco-friendly ; however, it’s also one of the slowest forms of freight transportation. With AWS, your cargo will be shipped from the port of origin to its destination using only water routes.
companies that rely on East and Gulf Coast seaports have been importing early, shifting goods to the West Coast, and even putting cargo on pricey flights to hedge against a threatened Oct. These ports handle a significant portion of the nation’s containerized cargo, especially for the consumer goods, retail, and manufacturing sectors.
The Panama Canal’s Big Bet Is Paying Off (WSJ – sub. CSX customers demand end to shipping bottlenecks as CEO apologizes (Reuters). Hypleroop One is rebranding itself as Virgin Hyperloop One, and Branson is joining the board…Virgin Hyperloop One will focus on a passenger and mixed-use cargo service.
The Panama Canal expands in 2016. If costs were all that mattered, these shippers would route their products through the expanded Panama Canal to reach Columbus via rail from the New York-New Jersey port. For other products, the cost savings of shipping through the Panama Canal will likely outweigh the extra time in transit.
Persistent Red Sea Risks Continue to Disrupt Critical Trade Route The ongoing conflict in Yemen has created several shipping risks in the Red Sea. Persistent Red Sea Risks Continue to Disrupt Critical Trade Route The ongoing conflict in Yemen has created several shipping risks in the Red Sea. Delays have led to higher costs for goods.
Crews began the on-water removal of containers from the still-stuck Dali , as one necessary step in clearing the ship from the collision site. In air cargo, Red Sea-driven disruptions to ocean freight are still pushing some volumes to the air out of India, though demand is easing somewhat. America and N. kg and $3.36/kg
50% increase in major rail and road projects , widening of both the Suez and Panama canals), and with freer trade (e.g. It’s a bad time to sell for scrap, so more ships are idle. Kuehne+Nagel, recently revamped its technology to enable online booking for less-than-container load (LCL) shipping. Ocean carriers are reeling.
50% increase in major rail and road projects , widening of both the Suez and Panama canals), and with freer trade (e.g. It’s a bad time to sell for scrap, so more ships are idle. Kuehne+Nagel, recently revamped its technology to enable online booking for less-than-container load (LCL) shipping. Ocean carriers are reeling.
For example, the Panama Canal has already restricted the size of ships permitted to pass through it due to drought conditions created by El Niño. As a result, some shipments moving from Asia to the Gulf Coast and eastern ports of the United States will be forced to reduce cargo loads to meet the new requirements.
Or, will we see a repeat of 2002, when a 10-day lockout left dozens of ships lined up outside the West Coast docks, unable to unload? Still, although nothing is certain at this time, if you ship goods to the West Coast ports, you can consider your options: 1. When the current contract expires on June 30, will they have a deal?
James Winebrake, Dean of College of Liberal Arts, Rochester Institute of Technology There are a number of important trends happening in the freight industry, spanning all modes of transportation: trucking, shipping, rail, pipeline, and air. In the U.S., This technology used to be cost prohibitive but it is becoming increasingly affordable.
. The ports of Los Angeles and Long Beach are vital to the LA economy, not only because they provide a significant number of jobs in the shipping and logistics industries, but also because they give the city itself a competitive edge with regard to shipping times and transportation costs when it comes to operating a global businesses here.
How General Average Could Ruin Your Ocean Cargo Deliveries | Transportfolio. Start by building your knowledge of how general average works, how it can impact your shipments if general average is declared, and how marine cargo insurance can help you sleep like a baby at night. Ship owners have a lien on the ship’scargo.
The Panama Canal Authority will reduce daily transits to about half their normal level over the next three months as the drought there stretches on, raising the possibility of reduced capacity and higher rates to the East Coast or diversions to the West Coast. Freight news travels faster than cargo Get industry-leading insights in your inbox.
One manifestation of this problem is that multiple ports on the east coast are deepening their approach channels in order to attract bigger cargoships. The widening of the Panama Canal to enable larger ships to pass through the trade artery will generate this traffic.
Passages, capes, and straits are defined as geographical areas through which international shipping routes must transit. Chokepoints commonly have shallow, constricting depths, which hinder navigation and place restrictions on ship capacity. Potential for closure or interruption. It is approximately 190 kilometers long.
For example, the widening of the Panama Canal will change the conditions here in North Carolina, as enormous container ships will be circumnavigating the globe. And in Panama a huge transshipment area will grow where they will will do break bulk, put cargo onto smaller ships and send to North America.
We therefore wanted to highlight another published survey that provides data reflecting on the beginning of the traditional peak shipping season, whether shippers are anticipating a classic peak season, along with their expectations of container shipping rates as industries prepare for second-half activity levels.
The recent decision by Japan’s three largest container companies to merge their shipping operations is yet another symptom of the volatility that is roiling the freight business. K” Line, MOL, and NYK are the three Japanese ship lines that are consolidating. Consider, for example, the Panama Canal puzzle. Labor unrest in U.S.
Dive deeper into freight data that matters Stay in the know in the now with instant freight data reporting Sign up for Free Analysis Low water levels driving weight restrictions and reductions in daily Panama Canal transits has created a backlog of about 150 ships waiting – some for more than a week – for passage.
Another valid concern about larger vessels is that a ship carrying 18,000 to 19,000 TEUs will need about 100 acres of terminal within the port to carry out efficient operations. By the time an expansion may be completed, it may be operationally obsolete because of even larger ships. Lack of Terminal Space. Carrier Alliance Confusion.
Another valid concern about larger vessels is that a ship carrying 18,000 to 19,000 TEUs will need about 100 acres of terminal within the port to carry out efficient operations. By the time an expansion may be completed, it may be operationally obsolete because of even larger ships. Lack of Terminal Space. Carrier Alliance Confusion.
One of my back muscles, for no reason whatsoever, decided to start spasming last night when I got into bed. Poking, poking, poking me awake whenever I started to fall asleep. I didn’t sleep. So, while I still have the energy, here’s the supply chain and logistics news that caught my attention this.
The International Maritime Organization (IMO) adopted tougher greenhouse gas emission targets for the global shipping industry on Friday. The IMO is a United Nations agency responsible for creating a regulatory framework for the global shipping industry. This is a practice where a ship uses a state’s flag without its knowledge.
It appears that ports on the US West Coast are back in full swing after a protracted labor dispute delayed cargo worth billions of dollars and caused untold reputational damage to the companies caught in the crossfire. First, over the next several years, new shipping options will become available to US companies.
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