Transportation is a significant part of the entire supply chain, and every company strives to reduce its transportation costs to maximise the supply chain ROI. Transportation logistics costs are rising for several reasons today – top reasons including the geo-political tensions caused due to the Russia-Ukraine crisis and capacity shortage caused due to global port…
China accounts for about 12% of global trade, and the country’s stringent COVID lockdown in Shanghai, home of the busiest container port, and other major cities across the country have snarled up the global supply chains. While the full impact of China’s lockdowns is yet to be felt, the action has caused factories and warehouses to…
When you launch an e-commerce business or are a growing manufacturer trying to expand into international markets, the challenges are many. But the most daunting question every company has to answer is – How are we going to find a suitable ocean carrier for shipping the products? Selecting the right carrier can be a challenging…
Global supply chain challenges are compounding due to China’s strict lockdowns, especially in Shanghai, which is the home to the world’s busiest container port and a key gateway for foreign trade. The port accounted for more than 10% of the country’s total trade last year. The problem is trucks, not ships Due to the strict…
Did you know that demurrage and detention charges can accrue up to 20 times the container’s value? With international shipping rates already soaring, any extra expenses incurred on top of the freight rate will take a bite of your margin. Today, the detention and demurrage charges easily exceed $100 per container per day. While D&D can be an…
As China sticks to its zero Covid policy, a two-stage lockdown in Shanghai has created further fears of supply chain disruption. The Shanghai lockdown is causing ripples in a setting where severe port congestions, blank sailings, and increased freight rates are ongoing challenges that are yet to be resolved. In light of disruptions created by earlier pandemic-related…
Shipping as an industry is interconnected like no other! As the Russian invasion of Ukraine extends into its fourth week, its effect on an already stressed shipping industry continues to hammer what is believed to be a long path of recovery. In the last two decades, there has not been a time where the magnitude of the…
Global supply chains are still recovering from the last two years of pandemic-related setbacks and the recent strains caused by Russia’s invasion of Ukraine. Given the circumstances, the latest announcement of nationwide lockdowns in China has forced supply chains to prepare for yet another turmoil in the coming months. Millions of people are in lockdown…
Russia’s invasion of Ukraine has quickly developed into a humanitarian crisis. While disruptions in business cannot compare to human tragedy, the impact of the conflict is causing a domino effect in more aspects than one. The crisis is plaguing global trade by triggering an extensive supply chain disruption. In an increasingly globalised and interconnected supply…
At a time when major shipping lines have already seized their operations into Ukraine, which has led to an impact in the western Mediterranean and the Black Sea; the ongoing Russia-Ukraine crisis has now prompted the world’s three biggest container lines — Swiss-headquartered MSC, Denmark’s Maersk, and France’s CMA CGM to announce a temporary suspension…
The Russian invasion of Ukraine has set a worldwide ripple effect in motion. Fluctuating currencies, swinging stocks, soaring energy prices – the ordeal seems long. The global supply chain crisis against which industries have been fighting hard for the last couple of years is now plagued with a fresh set of challenges. The Russia Ukraine…
The crew has abandoned car-carrier Felicity Ace, which was ablaze off the Azores. The fire is estimated to have damaged cargo worth $401 million. Source: The Loadstar
Maersk will launch a new intermodal service this week that will connect Korea, Japan and China to the Kaliningrad Region in Russia, the Baltic countries, and Poland through Trans-Siberian. Source: Container News
The average number of ships waiting per day at Asian ports increased from 13 in December 2021 to 22.5 per day last month. Source: Seatrade Maritime
The state government of California has moved to lease six off-dock properties, with a standing capacity of some 20,000 containers as part of a plan to ease congestion. Source: The Loadstar
Australia is set to re-open its doors to international tourists next week, paving the way for a welcome boost to airfreight capacity. Source: The Loadstar
The port has launched operations of a new 100,000 tonnes-class large size container berth at the Jintang port area which will be 340 metres long and 59 metres wide. Source: Seatrade Maritime
The French ocean carrier CMA CGM has announced the implementation of new Peak Season Surcharges (PSS) for cargoes transferred from Europe to several ports of America. Source: Container News
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
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…
