Marine Exchange of Southern California (MSC) announced today, that they are postponing the port congestion charge that was scheduled to go into effect Sept 15th to Oct 15th. Fifty-Six freight ships are stuck awaiting entry into California’s two largest ports,...
Introduction Currently, freight prices are at an all-time high. And that’s because the ocean container goods are more expensive than ever. But it’s more than just containers – LNG shipping is also breaking the new records. For instance, the LNG cost in Asia is...
Although the freight carriers are optimistic, there are still mountainous challenges that may impede the growth in 2021 and beyond. Of course, the significant change from the last year is COVID-19 pandemic that continues to disrupt operations. COVID-19 is still the...
Ship congestion around the ports of Los Angeles and Long Beach hit an unexpected level, deteriorating the bottleneck at the busiest entryway for U.S. Sea Freight Imports. A record of 38 holder ships are anticipating space – 36 at anchor and two more that were...
The ocean carriers that provide service from Asia to the United States and Canada have announced and filed a General Rate Increase (GRI) to the levels noted below. The effective GRI will be applied to all containers in-gated at the origin receiving terminal on or...
At this point, the TP trade lane is progressively becoming more challenging for importers. Ships are full, containers are scarce, and ports are suffering with train/rail car shortages. In addition to this, the trucking industry is unable to keep up. Best approach is...
