Triangulation: A Game Changer for Empty Container Runs

2 months, 3 weeks ago

Shipping Rates Start 2025 With a Spike on Tariff, Strike Worries

-- Spot container rates for shipping goods to the US from Asia have spiked over the past month as companies look to avoid higher tariffs and pad their inventories ahead of a strike threatening to close ports responsible for roughly half of the nation’s seaborne trade volumes. The market is tightening on “a lot of uncertainty,” said Emily Stausbøll, a …

Rates Higher Spot Spot Container

5 months, 4 weeks ago

The thousands of shipping containers lost at sea waiting to burst open

The Independent

Sign up to the Independent Climate email for the latest advice on saving the planet Get our free Climate email Get our free Climate email SIGN UP I would like to be emailed about offers, events and updates from The Independent. “Just because it may seem 'out of sight, out of mind,’ doesn’t mean there aren’t vast environmental consequences,” said …

Sri Lanka Shipping Container California Marine Open Sea

5 months, 4 weeks ago

The US could see shortages and higher retail prices if a dockworkers strike drags on

The Independent

The latest headlines from our reporters across the US sent straight to your inbox each weekday Your briefing on the latest headlines from across the US Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Asked how much, Biden said “We’ll …

Supply Gold Shipping Strike Prices Ports Biden

6 months ago

Experts warn store prices will soar and shelves will be empty as greedy dockworkers strike over 80% pay raise

Daily Mail

US ports from Maine to Texas could shut down Monday night if a union representing about 45,000 dockworkers carries through with a threatened strike. A lengthy shutdown of 36 ports - which handle half of America's cargo from ships - could raise cause shortages and price increases at big and small retailers alike as the holiday shopping season approaches. Retail …

Georgia Retail Supply Shipping Strike Ports Biden

6 months, 2 weeks ago

Govt. steps in to unclog exporters’ shipping woes

The Hindu

In a bid to address emerging logistical challenges to foreign trade, including container shortages, shipping delays and rising freight costs, the Centre on Thursday announced a slew of interventions to bring down shipping costs, improve the availability of empty containers, expedite export consignments’ evacuation and minimise congestion at ports. Free storage of empty containers in the Jawaharlal Nehru Port Authority …

Shipping Container Ship Containers

8 months, 4 weeks ago

Freight issues impact exports

The Hindu

The recent delays faced by exporters due to port congestions, shortage of containers and spiralling freight costs have started impacting exports. According to the South India Tea Exporters Association President Dipak Shah, “I have 4-5 containers ready. Subramanian said the cost of a 40-feet-high cube container from Thoothukudi to New York used to cost $4,260 in May. S. Mahesh Kumar, …

9 months, 2 weeks ago

Exporters race to find space on ships

China Daily

An aerial view of Qingdao Port in Shandong province on June 6. Though her freight forwarding company, which is based in Ningbo, Zhejiang province, has successfully booked cargo space on ships, securing shipping containers for loading goods has proved difficult. Sharing a similar experience, Guo Xinxin, head of customer service at Zhejiang Xiecheng International Freight Forwarding Co in Yiwu, Zhejiang, …

Container Zhejiang Containers Ningbo Empty Containers Exporters Race

9 months, 2 weeks ago

Exporters race to find space on ships

China Daily

An aerial view of Qingdao Port in Shandong province on June 6. Though her freight forwarding company, which is based in Ningbo, Zhejiang province, has successfully booked cargo space on ships, securing shipping containers for loading goods has proved difficult. Sharing a similar experience, Guo Xinxin, head of customer service at Zhejiang Xiecheng International Freight Forwarding Co in Yiwu, Zhejiang, …

Container Containers Ningbo Zhejiang Province Empty Containers

11 months, 2 weeks ago

Shipping industry set for tougher times ahead due to Israel-Iran tensions: Experts

The Hindu

The global maritime industry is set for tougher and more challenging times due to the increasing tensions in the Middle East, causing supply chain disruption and increasing the probability of choking shipping routes, experts in Singapore said. Shipping costs have already gone up by three to four times compared to pre-Covid level, Colin Er Wen-Jie, director of the transport department …

Singapore Industry Hope Shipping Maritime Iran Israel

1 year, 8 months ago

Countries agree to slash shipping emissions but not enough to stay within warming limits

The Independent

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Maritime nations agreed Friday to …

Shipping Emissions Imo Shipping Emissions

1 year, 10 months ago

World Environment Day 2023: 5 Tips To Minimize Waste And Foster Eco-Consciousness At Work

News 18

In today’s world, where environmental consciousness is paramount, reducing waste at work has become a crucial responsibility for businesses. Anshul Agrawal, Director, Mysore Deep Perfumery House & Zed Black shares some effective strategies to implement at the workplace: Minimize Paper UsageThe foremost significant step towards promoting environmental consciousness at work is to reduce the use of paper. Encourage the adoption …

Paper Waste

2 years, 3 months ago

The world is using fewer cardboard boxes. That’s a bad sign for the economy

LA Times

Will the world’s biggest economies tip into a recession next year? “The recent history shows a significant amount of economic stimulus would be necessary to provide meaningful box demand, and we do not see that coming.” Investors are watching closely for any harbingers of what is to come as fears mount that many of the world’s biggest economies will tip …

Paper Demand

2 years, 4 months ago

Oil-shipping costs soar as Ukraine war reshapes global trade

Live Mint

A surge in the cost of shipping oil between the world’s ports is buoying energy prices, even as a gloomy economic outlook has dragged down crude near its lowest levels of the year. The soaring cost of transporting oil, which comes as ships carrying liquefied natural gas also fetch high prices, contrasts with plunging rates for container ships amid slowing …

Europe Russia Oil Shipping Ships Western Mackay

2 years, 6 months ago

5 problems that could slow supplies of food and other goods this winter

Salon

The pandemic highlighted how interconnected the world is right now. Multiple bottlenecks have disrupted global supply chains — the networks of people, companies and modes of transport that order and manufacture goods and deliver them to warehouses, shops or even right to our doors. Some UK unions have floated the idea of coordinated strike action in coming months, which could …

Food Energy Europe China Supply Germany Demand

2 years, 10 months ago

Importers bear the burden as logistics cost shoots up

The Hindu

A 40 feet container to be shipped from Shanghai to Bengaluru cost anything between ₹1.5 lakh and ₹2 lakh before the pandemic. Rising imports and falling rupee India’s imports have only been rising despite its collective push for Atmanirbhar Bharat, Make in India, and Production Linked Incentives schemes as imported components still, directly or indirectly, constitute a significant portion of …

India Bengaluru Inflation Prices Price Imports Cost

2 years, 10 months ago

Logistics Facilitation

China Daily

Port resources ● The Qingdao Port of Shandong Port Group, the sixth largest port in the world and the second largest foreign trade port in China, is located in the center of the port clusters around the Bohai Sea, at the Yangtze River Delta region, and in Japan and South Korea. ● The port is mainly engaged in comprehensive logistics …

Japan South Korea Port

3 years, 4 months ago

A broken supply chain is a moneymaking opportunity. For who? Shipping companies

LA Times

Thirty-thousand high-end snow globes are trapped in San Pedro Bay, split between two shipping containers on two ships in the idle flotilla offshore. Cosco Shipping, the Shanghai-based company that competes with Maersk for the top spot in the industry, made $12.6 billion in profit from container shipping in the first nine months of 2021, and reported that its revenue had …

Supply Ocean Company Profit Tang Shipping Companies Ross

3 years, 4 months ago

How to find lower prices and avoid empty shelves during the great supply chain crunch

CNN

New York CNN Business — By now, everyone knows about supply chain chaos and rising inflation that are disrupting the holiday shopping season. Home Depot’s scale has helped it secure goods over competitors, Edward Decker, the company’s chief operating officer, said Tuesday. Some vendors with limited supplies have even told Home Depot that they’re giving them priority: “‘We can’t service …

Holiday Supply Prices Small Target Chain Inventory

3 years, 4 months ago

Supply chain crisis gives once invisible shipping industry record profits and new adversaries

LA Times

Consider the plight of Xu Yaping’s flimsy swords and knockoff Barbies. “Then they’ll keep waiting, and the shipping fees will keep rising.” Modern ocean freight has underpinned global trade for decades in relative obscurity, often beyond government regulators and hiding behind a veil of efficiency and reliability that cuts costs for storage by delivering goods “just in time” — the …

Global World Supply Companies Ships Container Freight

3 years, 5 months ago

What is the great shipping container shortage and could it ruin your Christmas?

ABC

If you were to rank humanity's most consequential inventions, chances are the shipping container wouldn't rate a mention. "Without this brilliant invention … we wouldn't have global supply chains, we wouldn't have global trade at the level that we have now," Professor Nagurney tells ABC RN's Late Night Live. "About 90 per cent of the world's goods are transported via …

Global Christmas Shipping Global Trade Container Thai Professor

3 years, 5 months ago

Shipping snaps under weight of supply chain problems

The Telegraph

As queues of giant shipping containers snake out of the UK’s busiest port, waiting to deliver goods carried across the world, crews onboard say it is the worst disruption they have ever seen. On Tuesday, Denmark’s Maersk, the world’s biggest container shipping firm, said it had started rerouting big ships away from the UK, warning there is “nowhere to discharge …

3 years, 5 months ago

Stock investors are getting worried about supply chain

LA Times

Shippers still face a lack of cargo containers at the right place for the right price. “The supply-chain problems are going to stay, leading to substantially higher prices and major dislocations in parts of markets no one is expecting,” said George Ball, chairman of Houston investment firm Sanders Morris Harris. “But production cuts seem well telegraphed, so don’t be surprised …

Energy Supply Supply Chain High Chain Analyst

3 years, 6 months ago

Food suppliers warn of panic buying and empty shelves over winter

The Independent

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Sign up to our free Morning Headlines email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Farming and food industry bodies have warned of panic buying …

Food Workers Britain

3 years, 7 months ago

The world’s supply chain problem keeps getting worse

LA Times

The cost of sending a container from Shanghai to Los Angeles has grown more than sixfold since May 2020, according to one report. “We can’t get enough components, we can’t get containers, costs have been driven up tremendously,” said Christopher Tse, chief executive of Musical Electronics Ltd., a Hong Kong company that makes consumer products including Bluetooth speakers and Rubik’s …

Europe China Supply Hong Kong Shipping Prices Taiwan

3 years, 7 months ago

Shipping container shortages, delays at ports cause headaches for exporters and importers

ABC

Boxes of citrus are piling up in the cool rooms at Seaway Intermodal in Merbein in Victoria's north west. Key points: A shortage of shipping containers, delays at ports, and a reduced number of ships stopping in Australia are causing problems for exporters Importers are also feeling shipping pressures with containers that cost $600 pre-COVID now worth $2,000 or more …

Shipping Container Port Covid Containers Shipping Containers Milverton

3 years, 9 months ago

Global trade: A huge backlog at China’s ports like Yantian could spoil your holiday shopping this year

CNN

Hong Kong CNN Business — A coronavirus outbreak in southern China has clogged ports critical to global trade, causing a shipping backlog that could take months to clear and lead to shortages during the year-end holiday shopping season. The Yantian backlog “is adding extra disruption on an already stressed out global supply chain, including the significant seaborne leg of it,” …

China Supply Hong Kong Shipping Global Trade Container Backlog

3 years, 9 months ago

‘Unceasing congestion’: China’s shipping delays snarl trade

Al Jazeera

The delays at Yantian Port, one of China’s busiest ports, are further snarling trade routes and lifting record freight prices even higher. The situation in South China is another “in a string of disasters we’ve seen plague the global supply chain,” according to Nerijus Poskus, vice president of ocean strategy and carrier development for Flexport Inc., which makes software that …

Global China Trade Supply Shipping Container Port

4 years ago

Suez Canal disruption: How a grounded container vessel is choking global trade

India Today

A 400-metre cargo vessel, more than double the size of Statue of Unity, continues to block Egypt's Suez Canal three days after losing control while entering the narrow passage from the Red Sea. A satellite image showing how the massive container vessel, MV Ever Given, has blocked the Suez Canal For starters, the ship -- Ever Given -- has blocked …

Global Trade Oil Global Trade Container Egypt Ship

4 years ago

Supply bottlenecks leave ships stranded, businesses stymied

Associated Press

NEW YORK — A trade bottleneck born of the COVID-19 outbreak has U.S. businesses anxiously awaiting goods from Asia — while off the coast of California, dozens of container ships sit anchored, unable to unload their cargo. Now, with problems throughout the supply chain, “we’re adding an additional two months,” he says. “Normally a shipment can be booked with a …

China Ships California Ship Mann Containers Wolfe

4 years ago

Container conundrum: Shippers struggle to meet surging demand

Al Jazeera

The world’s biggest makers of shipping containers are scrambling to meet a surge in demand for the metal boxes that shuttle some 90% of the goods around the global economy. “There should be enough boxes to cope with the level of demand in normal conditions,” according to Simon Heaney, senior manager of container research at Drewry Shipping Consultants Ltd. “The …

China Chinese Boxes Containers Cimc Container Industry

4 years, 1 month ago

Tasmanian retailers warn of price hikes as shipping problems continue amid COVID pandemic

ABC

John Cole could be called a modern-day pirate, sifting through stockpiles in hoarder's homes and digging through junk in barns and farms to find hidden treasures. Key points: COVID-19, industrial action and increased consumer demand are causing shipping delays One Tasmanian importer has seen his freight costs soar by 275 per cent, another has waited up to 12 months for …

Shipping Freight Stock Shop Melbourne Cole Tasmania

4 years, 1 month ago

Scarcity on high seas hurting India’s exports

Live Mint

MUMBAI : Abraham Tharakan, the chairman of Kochi-based Amalgam Group, is an unhappy man. The promoter of one of India’s largest seafood exporters has seen firsthand how the business—to pack shrimp and squid to the US and Chinese markets—has been throttled by an unprecedented shortage of shipping containers. A shipping line executive who is working at Nhava Sheva, which houses …

India Mumbai Trade Indian Shipping Ships Exports

4 years, 2 months ago

Australian exporters feel the pinch as shipping container shortage, COVID-19 protocols take a toll

ABC

Australian food exporters are being caught in a global supply chain crunch as a shortage of food-grade shipping containers drives up costs and slashes the shelf life of fresh produce. Key points: Australian fresh produce exporters are struggling to source food-grade containers One major WA citrus producer has started planning its shipping stem six months in advance Producers are also …

International China Shipping Container Freight 30 Days Containers

4 years, 2 months ago

Indian Automakers Fear Container Shortage to Hit Parts Supply, Output in the Coming Months

News 18

NEW DELHI: Automakers in India are bracing for a parts shortage and possible production losses over the next three to four months due to a global shortage of available shipping containers, said a trade body in the world's fifth-biggest auto market. Shipping freight rates have surged since July and companies are now finding it "almost impossible to sustain normal trade …

India Indian Container Auto Hit Parts

4 years, 3 months ago

Container shortage threatens India’s nascent export revival

Live Mint

A recent revival in Indian exports is under threat because there aren’t enough shipping containers to get the goods across the sea. While the company can’t share details on Christmas orders due to client confidentiality, there’s concern of a “big impact” if the container shortage persists, according to Chirag Nemani, vice president for marketing and sales. “Customers don’t want delay.” …

India Indian Container Export Containers Shortage Threatens Container Shortage

4 years, 3 months ago

Businesses warn of goods shortages of as chaos builds at UK ports ahead of Brexit deadline

The Independent

Sign up to our free Brexit and beyond email for the latest headlines on what Brexit is meaning for the UK Sign up to our Brexit email for the latest insight Sign up to our Brexit email for the latest insight SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy …

Brexit Port Ports Ppe Uk Sign Felixstowe

4 years, 6 months ago

AP PHOTOS: Former shipping container maker uses them to farm

The Independent

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy After a career making shipping …

Container Lee Maker Uses

4 years, 10 months ago

India devises a unique way to store cheap oil as storage tanks are now 100% full

Live Mint

Indian refiners are taking advantage of cheap oil to bulk up its supplies even as every corner of the nation’s onshore storage tanks fills to the brim, according to Oil Minister Dharmendra Pradhan. The country’s 25 million tons of crude and fuel storage capacity at refineries, pipelines and inland depots are all full, partly due to lower demand, said Pradhan. …

India Oil Storage Pradhan Floating Storage

4 years, 11 months ago

Shortage of workers, choked ports disrupt supply chains

Hindustan Times

At least 50,000 shipping containers have been lying orphaned at container freight stations and private container terminals at three large ports in Tamil Nadu with no trucks available to transport them. On April 3, in a video conference with Union minister of shipping Mansukh Mandaviya, port operators, importers, and shipping companies raised some of these issues, including the unavailability of …

India Indian Shipping Cargo Ports Chain Movement

5 years ago

Why grocery shelves won't be empty for long

BBC

Why grocery shelves won't be empty for long Getty Images While the sight of empty supermarket shelves may lead shoppers to fear food shortages, experts in the food supply chain say the system is built to endure. “This one’s a little different because it’s prolonged and it’s everywhere… when a hurricane is approaching the country, consumer behaviour is exactly the …

Food Supply Production Pasta Getty Images Chain System

5 years, 2 months ago

Govt may consider unveiling national logistics policy in Budget 2020

India TV News

The government may consider announcement of national logistics policy to promote seamless movement of goods across the country in the forthcoming Budget, sources said. The policy, which also aimed at reducing high transaction cost of traders, may proposed setting up of a central portal, which will provide end-to-end logistics solutions to companies. The proposed policy will also focus on increasing …

Policy Budget Logistics National Logistics Policy

6 years, 10 months ago

Industry fears exports may continue to fall in April as major sectors lag

Business Standard

Industry fears exports may continue to fall in April as major sectors lag March Outbound merchandise trade had contracted first time in 5 months Premium DP World buys stakes in Peru's No. 2 container terminal, India logistics firm DP-WORLD-PERU Containers are seen on a container ship at DP World, Southampton Docks, in Southampton Containers are seen on a container ship …

Dp World Major Sectors

9 years, 4 months ago

Exporters welcome lower freight bills as shipping rates plunge to new depths

ABC

A global glut of cargo ships will see Australia's grain exporters paying rock bottom prices for ocean freight throughout this season's harvest. The global dry bulk shipping market has remained highly oversupplied for years now, as new ship orders placed prior to, and just after, the Global Financial Crisis continue to hit the water. Industry group Australian Grain Exporters Association …

Global Market Grain Henry

10 years, 1 month ago

Retailers fret as products languish on ships, docks at ports

Associated Press

LOS ANGELES — It’s early for many Americans still sloshing through winter to plan their gardens, home improvements and spring sports leagues, but stores gearing up for warmer weather are fretting that they won’t have some products to sell due to a labor crisis at West Coast seaports. There’s a huge market for those home-improvement and garden articles,” said Mark …

Ships Ports Los Angeles Dockworkers Union Retailers Fret

Triangulation: A Game Changer for Empty Container Runs

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