Long Beach port calls for 24/7 supply chains
In an effort to alleviate logistical bottlenecks, the Californian port of Long Beach has called for stakeholders all along the supply chain to extend working hours. Source: The Loadstar
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US Retailers Face A Sea Of Troubles: Impact Of Shipping Crisis
With the impact of COVID-19 slowing down supply chains, are US retailers and consumers ready to handle the holiday demand and deliver on their promise to customers this Christmas. Find out how US Retailers must plan to cope with Holiday season’s demands and cater to their customers with globally slowed supply chains. Recap of pandemic…
Container line schedule reliability plunges to 35.8% in 2021
Container line schedule reliability dropped from 78% in 2019 to 63.9% in 2020, and then to 35.8% in 2021, marking a staggering drop from the pre-2020 levels. Source: Container News
Container fleet soars in response to supply chain congestion
A record 7.2m TEU was added to the global container equipment fleet last year, taking it to 50.5m TEU, driven by unprecedented demand from ocean carriers and logistics operators. Source: The Loadstar
Four data insights critical for smoother logistics
What if you could bring down your average response time to supply chain disruptions from months or days to mere minutes, say up to 90% faster than before, wouldn’t you be embracing that possibility immediately? And what if you already have half the solution in hand and only need to work on getting the other…
Capacity shortage on intra-Asia pushing up rates and manufacturing costs
Reduced container shipping capacity on intra-Asia trade lanes has led to fewer sailings, higher rates and increased manufacturing costs. Source: The Loadstar
Ningbo-Zhoushan adds container berths to ease volume pressure
Two additional container berths at Ningbo-Zhoushan port have been opened temporarily for international vessels to reduce the pressure on container cargo handling. Source: Seatrade Maritime
US agriculture industry urges Senate on ocean shipping legislation
100+ companies and associations representing the US agricultural industry are demanding a bill addressing ‘unreasonable ocean carrier practices that are undermining US export competitiveness.’ Source: The Loadstar
Ports of LA/LB delay container dwell fee for another week
As long-staying cargo in the ports reduces further, the Ports of LA and LB have now delayed the introduction of container dwell fees until at least 28 January. Source: Seatrade Maritime
Asia-USWC spot rates spike as Chinese New Year holiday looms
Container spot rates from Asia to the US west coast spiked last week, ahead of the Chinese New Year holiday on 1 February. Source: The Loadstar
Yantian limits intake of export containers amid new year holiday rush
Yantian port lowered the cut-off time for receiving outbound containers since Wednesday, claiming delayed ship arrivals have caused containers to pile up in its yard. Source: The Loadstar
Singapore remains the world’s busiest transhipment port
The Port of Singapore maintained its position as the world’s busiest transhipment port in 2021, with record-high container traffic of 37.5 million TEU. Source: Container News
Dalian, the latest China port to be hit by Covid
Dalian is the latest port city in China to detect the Omicron variant. As a result, forwarders have warned of more shipping delays in the countdown to the Chinese New Year. Source: The Loadstar
UK road freight rates soar to record levels
With the twin challenges of Brexit and the pandemic continuing to affect driver availability, UK road freight rates have hit their highest level in three years. Source: The Loadstar
Forwarders in boycott threat over increased handling charges in UK
Forwarders are threatening to stop using airlines whose handlers have very high charges in the UK following a severe increase in storage prices. Source: The Loadstar
Omicron outbreak in Australia wreaking havoc in supply chains
The country’s testing rules, combined with a lack of test kits for transport workers, has skyrocketed staff shortages in container logistics, putting the sector under strain. Source: The Loadstar
Shanghai retains its position as the world’s busiest container port
Shanghai port recorded the highest container volume in 2021 with a 3% growth YoY, maintaining its position as the busiest port for 12 consecutive years. Source: Seatrade Maritime
Congestion hits Port of New York and New Jersey as Covid cases spike
The Port of New York and New Jersey has been hit with congestion due to a spike in the number of port workers in quarantine for Covid-19. Source: Seatrade Maritime
Switch to a multimodal logistics platform immediately! Here’s why…
As global supply chains continue to face unprecedented disruptions, meeting the ever-growing demand while optimizing lead times and reducing inventory costs remains challenging. As a result, companies are now willing to explore better alternatives to traditional logistics, which would provide improved economies of scale and a faster return on investment. However, what is a better…
GoComet’s 2021 rewind —The year of many milestones
2021 has been a year of relentless uncertainty across industries. However, it has also been a year of infinite opportunities. For us at GoComet, the year marked several noteworthy milestones—thanks to the continued support of our customers, partners and team. As 2021 comes to a close, and we gear up to welcome 2022, we would…