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Industry News

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Industry News

  • North America Shipping Update September 7, 2021
    Shipping Overview Currently, there are 43 container vessels at anchor outside the ports of Los Angeles and Long Beach. This causes a slowdown in the circulation of ships, containers, and chassis, which in turn causes spot rates to reach record levels. When vessels are anchored off shore, they miss other scheduled departure dates, causing additional canceled sailings. Many factors contribute to the supply chain bottlenecks including port ...
  • Vietnam COVID-19 Regulation Implementation and Operations August 26, 2021
    Vietnam is experiencing an outbreak of the highly infectious Delta variant forcing lockdowns, new regulations, factory shut downs, and supply chains disruptions. Vietnam has administered two vaccine doses to less than 3% of its population and cases have been surging over the past six weeks. The surge is causing the country to implement strict COVID-19 containment policies, including lockdowns and rules of hygiene/ COVID-19 prevention. Vietnam ...
  • Port of Ningbo and Shanghai Pudong Airport Closures August 16, 2021
    Ningbo-Zhoushan Port Monday, August 16, 2021, is the sixth consecutive day that Meishan terminal at Ningbo-Zhoushan port has remained closed. Container vessels at anchor outside the port are at record levels. Meishan terminal accounts for about one fifth of the approximate TEU throughput of Ningbo-Zhoushan port. The port authority of Ningbo Zhoushan port has not yet said when Meishan will reopen. According to an article posted on splash247.com, “sources ...