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By Douglas K at 04:01PM ET | January 13, 2022
A recent COVID outbreak in the Beilun District of Ningbo has led to the lock down of some of the major container terminals at the world’s third largest container port. Subsequently, restrictions were imposed to stop the spread further, which has adversely affected terminal operations. Carriers have chosen to divert their cargo away from Ningbo to other nearby ports to bypass the tightened controls ...
By Douglas K at 03:12PM ET | December 23, 2021
Over the past few months, capacity has grown along the Asia to North Europe trade route, while capacity from Asia to the Mediterranean has remained around a similar level. A few carriers have adjusted their services in response to congestions issues in Asia and Europe, affecting the capacities along these routes. Hapag-Lloyd announced earlier this month that a few of their Asia to Europe services have adjusted their rotations ...
By Douglas K at 04:12PM ET | December 16, 2021
Trade from Asia to South America has been increasing year-over-year for the past few years, as South American demand for goods from the region’s largest trading partner, Asia, has been increasing, further increasing their reliance on imported goods. The world’s largest ocean carrier, Maersk Line, maintains as the carrier with the leading capacity from Asia to both the East and West Coasts of South America. The above chart, built using data gathered from BlueWater Reporting’s Capacity Report , shows the year-over-year change in capacity from Asia to both East and West Coasts of South America ...
By Douglas K at 03:12PM ET | December 9, 2021
As port congestion continues to affect container terminals' operations along the West Coast of North America, port authorities have announced fees for containers which have over-dwelled in their terminals over a certain limit of days. At the ports of Los Angeles and Long Beach , the dwell fees went into effect November 1, 2021, but penalties will be assessed beginning on December 13, 2021. On that day, carriers will be fined per imported container which hasbeen dwelling at aterminalfor over 8 days for truck transport and 5 days for rail ...
By Douglas K at 03:12PM ET | December 2, 2021
The trend of increased capacity to Oceania from the region’s largest trading partner, Asia, remains in the recent months. The capacity has increased by nearly 8 percent since the end of July this year. The Oceania nations of Australia and New Zealand have recently revealed trade statistics showing their differing balances ...
By Douglas K at 02:11PM ET | November 24, 2021
Over the past few months, port congestion has persistently been affecting container terminals and services along the east coast of North America. As a result, service rotations have been adjusted and capacity has been slightly on the decline while the demand remains high. According to Hapag-Lloyd , the east coast port congestion has been persisting throughout the east coast ports ...
By Douglas K at 04:11PM ET | November 18, 2021
Throughout this year, container volumes have been rising throughout the largest ports of North Europe and the Mediterranean. In Q3 2021, the largest container port in North Europe, Rotterdam, reported an increase in container throughput. In the first nine months of 2021, the volume of TEUs increased by 7 ...
By Douglas K at 03:11PM ET | November 11, 2021
Over the past month, capacity along the major trade lanes servicing South America have overall increased, while few have slightly decreased. In recent times, South American economies have strengthened ties with China and their reliance on goods from the Asian country, which has led to an increase in capacity from Asia. Using BlueWater Reporting’s Capacity Report , the above chart lays out the major trades to South America, divided between east and west coasts ...
By Douglas K at 03:11PM ET | November 4, 2021
The West Coast ports of North America are continuing to be affected by the traffic jam of container vessels waiting to berth. The ports of Los Angeles/Long Beach and the Northwest Seaport Alliance (NWSA) have introduced new measures to address this growing issue. At the ports of LAX/LGB, according to Hapag-Lloyd , vessels on some services in October were experiencing a combined wait and berthing time up to 23 days ...
By Douglas K at 03:10PM ET | October 28, 2021
The capacity from Oceania’s largest trading partner, Asia, has been increasing over the past few months and year-over-year. The carrier with the largest share of deployed capacity is OOCL, although CMA CGM is closely followed. The economies of Oceania are heavily dependent on trade to and from Asia, and with the continued postponement of an EU-Australia free trade deal, that looks to continue be the case, despite an ongoing trade dispute between Australia and China ...