Good News, Bad News: Yantian Port Back to Full; Freight Rates Rise Even Higher
It’s a classic case of good news, bad news. After Tuesday’s bad news blog about Yantian Port’s partial shutdown lingering and creating a “worse-than-Suez” level of [...]
It’s a classic case of good news, bad news. After Tuesday’s bad news blog about Yantian Port’s partial shutdown lingering and creating a “worse-than-Suez” level of [...]
In the midst of an early peak season and port congestion, carriers suspend containership calls to the Port of Oakland, according to Bill Mongelluzzo's reporting in the Journal of Commerce [...]
From the West Coast to the East Coast, congestion has been a problem at the ports all year. Congestion at the country's busiest ports – the Ports of Los Angeles and Long Beach – has been [...]
We've been watching freight rates rise to new heights, breaking record after record, for a year. Is it possible for freight rates to get worse? Yes. And they have. After a period of months with [...]
For years, ocean carriers struggled with overcapacity. It pushed freight rates low, and they lost billions. Over the last couple years, carriers learned more discipline with capacity. Over the [...]
Maritime research firm Drewry is predicting the same thing we've been saying here in Universal Cargo's blog for a while: high freight rates aren't going away with the pandemic. Mike Wackett [...]
Soaring freight rates for the last year plus have significantly cut into shippers' profits. Not surprisingly, these sky-high freight rates have had the opposite effect for carriers. But just how [...]
Freight rates from Asia to the U.S. are still very high. In fact, still historically so according to Greg Miller's American Shipper article published on Tuesday. However, they have come down a [...]
The Federal Maritime Commission (FMC) made a regulation move concerning ocean freight carriers. It's actually a bit of deregulation when it comes to carriers filing service contracts. Maybe it [...]
If you thought freight rates couldn't get any higher, carriers responded with, "Hold my beer." We often focus on transpacific freight rates, with the prevalence of importing from China, which [...]
She's afloat once again. The Ever Given, which was stuck sideways in the Suez Canal, has been freed. While one of the companies hired to get the ship free said it could take weeks, in actuality, [...]
You thought port congestion at U.S. ports – the Ports of Los Angeles and Long Beach especially – is bad. You're right. But at least it's possible for ships to get in and out of the ports (it just [...]
It’s early to talk about the 2021 peak season for the international shipping industry; however, with severe congestion at U.S. ports expected to last at least into the summer, 2021’s [...]
This post concludes our long Jones Act blog series, recapping the major points of the debate we covered and putting them all in one easy reference point. We began this series after President [...]
71 U.S. agricultural industry groups teamed up to write a letter to President Biden, informing him of the injury ocean freight carriers are doing to US agriculture, food, and forestry product [...]
Does the Jones Act have a negative impact on the economies of noncontiguous U.S. states and territories? We'll look at arguments concerning just that, with an eye specifically on Hawaii, in [...]
Happy Chinese New Year! This year, the Chinese New Year falls on February 12th, and though it is still February 11th here as I'm typing these words, it is already February 12th in Beijing. [...]
There's a bigger ship backup at the Ports of Los Angeles and Long Beach, with more than a score and a half of container ships anchored and waiting to birth off the coast of Southern California [...]
Shippers importing goods from anywhere in the world – but especially China and other Asian countries – should expect to experience delays and fees. Right now, ports in Asia and the U.S. are [...]
In Part 1 of this series, we looked at the incredible opportunity presented to furniture importers and sellers by spiking demand that is predicted to stay strong over the next few years. In Part [...]