The worldwide supply chain is constantly changing. This year, there has been a global capacity crunch with prices rising and ongoing container shortages persisting. These monthly updates will share some of the latest freight news, so we can keep you abreast of the situation.
The pandemic has brought the biggest disruption since the start of container shipping 65 years ago. The entire port infrastructure system has been overwhelmed for the past year—and there are currently 353 container ships stuck outside ports around the world. Read more
Ships have resumed berthing operations and full activity at one of the world’s busiest ports may be restored shortly after a two-week shutdown to quarantine dockworkers. The Ningbo Meishan Island Container Terminal, also known as Meishan terminal, suspended operations after a vaccinated worker came down with the Delta variant of COVID-19. Read more
Reduced capacity and rising shipping rates began reaching record highs months ago. But now, purchasing ocean transportation has become so expensive that some companies with lower-value commodities can’t afford to import anymore. One ocean carrier told a company it would cost $32,000 to ship a group of standard containers from Shanghai to Los Angeles. Read more
We’ll continue to offer you insights into the worldwide freight industry—and we’re here to help you navigate these challenging times. With more than half a century of international shipping and freight experience, we are your full-service freight partner. Contact us today to learn how we can streamline your operations.
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