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  • Data from several shipping data institutions: container port congestion index hit another record

    Time: 2022-07-28 | Publisher: Kevin

    According to the latest data of Clarkson, the port congestion index of container ships reached a new high in July. Nearly 38% of container ships are waiting at the port.Specifically, the container capacity of the east coast of the United States has increased significantly during this period. By mid July, the transportation capaci...

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  • CMA CGM announced lower freight rates to ease French economic inflation

    Time: 2022-07-27 | Publisher: Kevin

    During the epidemic, shipping companies can be said to be the biggest beneficiaries of the shipping industry. The high ocean freight makes their profits continue to expand.But, now the global economy has declined, and some governments require these shipping companies to give up part of their interests to alleviate the economic pressure...

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  • Frankfurt Airport was severely blocked, and cargo flights were forced to cancel or divert

    Time: 2022-07-26 | Publisher: Kevin

    Now the global freight market has been challenged. The strike of truck drivers and dock workers led to increased congestion in the port.On the other hand, insufficient personnel and warehouse congestion lead to a large number of goods piled up here in the airport. Frankfurt Airport, the largest air cargo hub in Europe, is facing thi...

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  • The strike escalated and Oakland port was forced to suspend operations

    Time: 2022-07-25 | Publisher: Kevin

    Recently, strikes by port workers and truck drivers have spread across almost all American ports. This will cause great obstacles to the operation of the port.It is reported that the Oakland International Container Terminal in California announced that it would close the cargo business of Oakland port and suspend its operations....

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  • Imports from U.S. ports are still growing, but demand has slowed

    Time: 2022-07-22 | Publisher: Kevin

    Port congestion has brought great impact to ports all over the world. This makes a large number of containers piled up in the port, making the port operation interrupted.It is understood that the number of imported containers handled by several U.S. ports hit a record high in June. More and more data and analysis show that the dema...

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  • American truck drivers blocked the dock, and British railway workers planned to strike again

    Time: 2022-07-21 | Publisher: Kevin

    In the context of high global inflation, many countries around the world set off a wave of strikes. Especially the strike of truck and railway workers.This will aggravate the congestion of the port and even hinder the normal operation of the port.For a long time before the labor negotiations in the western port of the United States,...

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  • Global port congestion continues to ferment, with more than $30billion of goods piled up in ports

    Time: 2022-07-20 | Publisher: Kevin

    At present, the global port congestion is becoming more and more serious, and is hitting a record high. This makes the return of the shipping industry to normalization more and more far away.According to the container port congestion index of Clarksons, a famous British maritime consulting company, about 37.8% of the capacity of cont...

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  • The shipper wanted to modify the long-term contract, but the shipping company refused

    Time: 2022-07-19 | Publisher: Kevin

    Obviously, freight forwarders and shippers are most concerned about the direction of freight. Due to the impact of port congestion and strikes, freight rates on many routes around the world have fallen significantly recently..Most importantly, the spot freight rate fell below the long-term freight rate. Many customers who had signed l...

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