6% Drop in Global Ocean Capacity, Coming Import Growth, and More
6% Drop in Global Ocean Capacity Due to Red Sea Diversions The longer ocean transit times around the Cape of Good Hope as vessels continue to avoid the Red Sea have reduced ocean capacity by 6% globally. The extra 10-14 days added to transit times from Asia to Europe...
West Coast Ports Ready for Next Surge, Effects of Suez Canal Diversions, and More
This week: West Coast ports and container terminals see a return to pre-covid container volumes as they process the pre-Lunar New Year rush US container import flows show changes as US shippers order more from Vietnam, India, and other countries Delays and problems...
Ocean Schedule Reliability, Federal Grants for Port NOLA, and More Breaking Industry News
This week: Red Sea vessel diversions push ocean schedule reliability back to 2022 levels Ocean carriers pursue GRI spot rate increases as the Lunar New Year approaches The Port of New Orleans receives a federal grant of $226 million for the construction of a new...
Air and Rail Demand Surges, Ocean Carrier Surcharges, and More Supply Chain News
This week: Air and rail demand from Asia to Europe sees a steep spike as analysts watch cargo volumes increase Trans-Atlantic ocean carrier surcharges delayed as carriers experience overcapacity and low demand US Southeast ports continue with upgrades to capture...