Tag: port congestion

Federal Maritime Commission (FMC) Chairman Daniel B. Maffei visited the Port of New York and New Jersey in order to meet with trucking representatives and marine terminal operators regarding the increasing congestion at the US’s number two port for containerized cargo.

The Port of New York and New Jersey will implement a new quarterly container imbalance fee for ocean carriers as part of the seaport’s effort to handle record cargo volumes due to peak cargo season and a cargo shift from the West Coast.

The US Chamber of Commerce urged President Biden to resolve the ongoing labor negotiations between the Class I freight railroads and the twelve rail unions, which could worsen the congestion at US ports.

Sea Intelligence tries to assess the total loss of shippers due to delays. To do it, instead of measuring schedule reliability from the perspective of vessels, it measured it from the perspective of the cargo being moved.

Global port congestion will last until early 2023 and keep spot freight rates high, logistics executives said, urging charterers to change to long-term contracts to address shipping costs.

In its latest report, Windward focuses on the recent re-opening of the Shanghai port and the impact it will have on the supply chain.

Vessel delays are showing signs of improvement, and the terminal congestion indicators are also showing getting better, Sea-Intelligence's Sunday Spotlight reports. 

A joint research piece by Windward and Sea-Intelligence focuses on overall transit time developments, congestion in Shanghai and what may happen when the port opens fully, plus questions supply chain planners should consider when adapting to this unprecedented situation.

Marine insurer Allianz Global Corporate & Specialty SE (AGCS) issued the Safety & Shipping Review 2022, explaining that while the Covid-19 pandemic resulted in few direct claims for the marine insurance sector, the impact on the welfare of crews and the boom in shipping and port congestion, exacerbated by the Ukraine invasion, raises potential safety concerns.

South Carolina (SC) Ports officials announced that they have reduced the backlog off Charleston, while also continuing to handle a record number of containers.