Shippers Turn to U.S. West Coast Terminals to Avoid Threat of Union Action and Panama and Suez Canal Container Shipping Disruption
Some container traffic that migrated to U.S. Gulf and East Coast ports in recent years is now being switched back to West Coast gateways by retailers and forwarders desperate to avoid supply chain disruption.
Container Spot Rates Rocket Even Higher as Red Sea Crisis Drags On
The Drewry World Container Index (WCI) Global Composite jumped to $3,777 per forty-foot equivalent unit for the week ended Thursday. It’s now up 173% year to date.
Federal Officials Brought in to Assist Labour Negotiations at Port of Montreal
Federal officials have been brought in to help prevent a third labour stoppage in four years at the Port of Montreal.
‘Damaging’ Port Strikes at DP World Australia Terminals Extended
Dockers affiliated with the Maritime Union of Australia (MUA) have extended their strike action at DP World terminals nationwide.
FMC Asks Shippers to Share Info on Red Sea Disruption and Charges
The U.S. Federal Maritime Commission (FMC) has announced a public hearing for supply chain stakeholders to discuss how shipping conditions in the Red Sea, such as ‘unjust’ and ‘extortionate’ carrier surcharges, are impacting them.
Houthis Launch New Attacks in Gulf of Aden Hours After U.S.-UK Strikes
The Houthi rebels resumed launching missiles and mounting their attacks only hours after the forces of the U.S. and UK struck at their capabilities. While ships are being warned to use caution and avoid the Bab el-Mandeb in the aftermath of strikes, reports are coming in of an attack in the Gulf of Aden.
Shippers Face ‘Eye-Watering’ Rates and Rollovers as Carriers ‘Cherry-Pick’ Cargo
Shippers are scrambling to bring forward orders in a bid to mitigate the impact of the longer transit times from Asia to Europe as vessels are re-routed around the Cape of Good Hope.
Container Shortage Starts to Bite, Adding to Pressure on Costs
The predicted container shortages are beginning to bite amid the chaos thrown up in the Red Sea and a flurry of reroutings, delays and cancellations.
Gradual Increase in Airfreight Volume Expected as Red Sea Crisis Could Last Months
Scan Global Logistics expects a slow but steady increase in airfreight volumes amid predictions that the Red Sea conflict could last months.
CBP Reopens Four Southwest Ports of Entry After Weekslong Closures
U.S. Customs and Border Protection resumed full commercial operations on January 4 at an international bridge in Eagle Pass, Texas, as well as two Mexico crossings in Arizona. CBP said it also was reopening an international pedestrian border crossing in San Diego.