October 19, 2023 - One would think that this rise in shipping costs and delays would ease as the flow of goods resumed and the backlog of exports in China was taken care of. But, this was not the case. It turns out there is an actual increase in demand for physical products as consumers in wealthy countries shift their spending. As customers divert their dollars away from experiences, travel, movies, dinner, etc., they, in turn, spend more money on new products. Global events also play a role in impacting shipping costs and schedules. The episode in the Suez Canal definitely didn’t help ease prices and in fact, contributed to more pressure on the demand for containers. Port Metro Vancouver is a major player in the Pacific Gateway and is responsible for the flow of billions of dollars worth of goods per year. As a leading provider of transportation and warehousing in BC with authorized access to all major ports and rails, we are well-versed in the latest changes and developments related to shipping, truck

The market as it stands has been hard on Asian load ports, with lots of disruptive shortages throughout the supply chain. In some instances, US exporters have raised complaints with legislators and senior politicians about the difficulty of obtaining bookings on carriers. Indeed, there have been instances of repositioning empty containers back to Asia since the processing time is just too long. It makes sense to take this extreme measure if you want to benefit from higher-paying imports as opposed to waiting for low-value exports to accumulate. Factors in China are pleading with forwarders to pick up pending products that have already been manufactured and only waiting for shipping. The Chinese Ministry of Transport (MOT) has become involved to curb the crisis. As a consequence, MOT has announced that as of 29th December 2020, it will take responsibility for supervising and coordinating all relevant shipping companies.

September 5, 2021 - The NRF is also projecting that 25.9 million containers will enter the U.S. in 2021, which would break 2020's record-setting 22 million boxes. The import influx means that hundreds of thousands of containers are stuck stacked on ships or in ...

September 30, 2021 - The upcoming tender season can ... 2021, delays for containers moving between the Chinese Port of Yantian and the West Coast US Port of Los Angeles increased from a monthly median of 2.46 days to 12.93 days. Over the same time, the monthly average market price for China- West Coast US routes for a 40-ft container increased from US$3,247 to US$6,570. Likewise, between August 2020, and August 2021, delays for containers moving between the Port of Shanghai and Rotterdam port increased from a monthly median of 1.88 days to 15.19 days...

July 9, 2025 - Ouch! Shipping costs have gone through the roof for a number of reasons, including COVID-related port closures and such macroeconomic factors as ongoing supply and demand imbalances. Industry analysts see no relief in sight before 2023.

------------------------------... country.\12\ As of February 20, 2021, nearly a year into the pandemic, 35 container ships sat idle awaiting cargo discharge outside the Ports of Los Angeles and Long Beach.\13\ And during this surge, West Coast ports' productivity has increased ...

February 12, 2021 - (If you thought port congestion was bad, try double pneumonia) Regarding the wait times (as of Jan 30th): The port workers were at least three weeks behind unloading containers at the port.

January 20, 2021 - Ports are seeing severe congestions, empty containers continue to pile up, and customs clearance operations and logistics are extremely slow, which have brought huge pressure and challenges to trade operators. A lack of containers, high freight rates, no available slots, port congestions, and slow customs clearance - it may seem unlikely that all of these would occur at the same time and continue to pose problems, but It is now clear that this is the new normal. The further development of Covid-19 has led the number of confirmed cases in many countries to reach new highs. In many countries, port congestions are severe, especially in Nigeria, the United States, the United Kingdom, Argentina, Malaysia, Australia, India and other countries. Local logistics and major industries are bound to be severely affected, and cargo shipments may suffer from unprecedented "large-scale delays”.

August 9, 2021 - Almonds from the region were also struggling with vessel changes and shipping container availability. "Also I understand our import team is having trouble getting space, you might see products in short supply for Christmas," she said. Seaway Intermodal runs three trains from Merbein to the Port of Melbourne each week. (ABC Rural: Kellie Hollingworth) A food importer said it was bracing for the sea freight rates to continue increasing. Mukesh Pahwl from Sabrini Foods said a container that cost $600 pre-COVID was now worth $2,000 and could reach $4,000 and beyond. "Everybody has to increase prices, whoever is the first one will get the bad limelight, it's a competitive world," he said. Ms Milverton said it was unlikely the issues would go away completely when the pandemic ended. She has raised these concerns with the government but conceded they probably were not a high priority.

The six-day blockage of the Suez Canal, which delayed around US$9 billion worth of trade per day, added to port disruptions. While the OECD expects this atypical congestion to persist for a few more months, a recent COVID-19 outbreak in one of ...

February 8, 2024 - DISRUPTION TO PERSIST INTO 2021 Some Asia sources have expressed expectations that freight container tightness in the region is likely to persist until the next Lunar New Year in February 2021.

September 5, 2021 - The NRF is also projecting that 25.9 million containers will enter the U.S. in 2021, which would break 2020's record-setting 22 million boxes. The import influx means that hundreds of thousands of containers are stuck stacked on ships or in ...

January 8, 2026 - A shortage of workers at the Los Angeles and Long Beach ports caused a backlog of over 70 container ships carrying an estimated 200,000 shipping containers. Incoming shipments were diverted to other ports, extending their shipping times and ...

May 28, 2025 - Remember the 2021 Suez Canal blockage? A single stuck ship held up 12% of global trade for a week—and the ripple effects lasted months. What you can do: Build extra cushion into your timelines, especially for high-stakes shipments.

October 19, 2021 - Containers are unloaded from a cargo ship of Maersk Line at Zhoushan port on Oct. 4, 2021, in China. Yao Feng—VCG via Getty Images · Add Fortune on Google for similar content.Add us on GoogleAdd us on Google · After suffering nearly two years of strained global supply chains—where shipping routes have been snarled by the pandemic, extreme weather, and one notable canal blockage—the world’s ship runners believe building resilience into the shipping ecosystem is overdue. “What we’re seeing right now is, to a certain extent, a consequence of a single-minded focus we’ve had in the industry up to now of focusing on efficiency and just-in-time delivery,” Jens Eskelund, managing director of Maersk China, told the Fortune Global 500 Summit in Hangzhou, China, on Tuesday. Most supply-chain analysts have pointed to just-in-time manufacturing—a strategy that encourages manufacturers to maintain a bare minimum of stock in their own factories to save space and costs—as the bogeyman responsible for

Subcommittee: Coast Guard and Maritime Transportation Date: Tuesday, June 15, 2021 Time: 11:00 AM Location: 2167 Rayburn House Office Building and virtually · This content requires Flash Player version 9 (installed version: No Flash Flayer installed, or version is pre 6.0.0 Install Flash Player ... This hearing will examine shipping container shortages and impacts on the North American supply chain. ... Panel I - The Honorable Daniel B. Maffei ... Panel II - Mr. John Butler ... Panel II - Ms. Alexis Jacobson · International Accounts Manager, BOSSCO Trading LLC · On behalf of U.S. Forage Export Council ... Panel II - Mr. Frank Ponce De León ... Panel II - Mr. Eugene D. Seroka ... Panel II - Ms.