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Industry News

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Industry News

  • China’s military exercise threatens to cause supply chain disruptions August 4, 2022
    China is conducting a live military training exercise in the Taiwan Strait and around Taiwan from Thursday to Sunday. The Taiwan Strait is one of the busiest shipping corridors in the world. Bloomberg reports that nearly half of the world’s container ships transited the Taiwan Strait this year. Furthermore, Bloomberg noted that 88% of larger container ships transited the Taiwan Strait this year. Given the ...
  • Port of New York and New Jersey to impose dwell fee beginning September August 3, 2022
    On Tuesday, August 2, 2022 The port of New York and New Jersey announced they will be implementing a new quarterly container imbalance fee for ocean carriers effective September 1, 2022. The new fee is being implemented in an effort to reduce the number of empty containers dwelling at the port. The port of New York and New Jersey continue to handle a record number ...
  • Port congestion continues with record number of container ships queued off … July 30, 2022
    Port congestion continues to rise as container ship queues grow off American coasts, particularly along the US East Coast and US Gulf Coast. As previously reported by Krieger Worldwide over the past two months, the East Coast has seen a large increase in import volume resulting in longer wait times and queues for container ships. Port congestion began to ease earlier this year particularly in ...