Worldwide Logistics, Inc. announced that they have joined the newly formed forwarder network Mundu. Mundu is based in Stuttgart, Germany and operated by Daniel and Alissa Jacobs. All 17 WWL offices in 7 countries will participate in this network. Joining the Mundu network helps WWL expand its global reach. Mundu is known for its international … Continued
With the continuation of aggressive blank sailing programs and overbooking, particularly on US West Coast bound vessels, upward pressure on rates has continued. Carriers have implemented increases effective July 1, 2020. On average rates to US West Coast and IPI points serviced via the US West Coast were raised by $400/40’ container. Rates to US … Continued
Increases in blank sailings in response to low volume levels is causing rate hikes and space constraints with many of the big carriers. Earlier this week, The Alliance (Hapag Lloyd, ONE, YML and HMM) along with the 2M Alliance (Maersk Line and MSC) announced that about 75 sailings will be canceled through September in a … Continued
Recently Worldwide Logistics Ltd. (WWL) offices in China have reported an uptick in booking volumes. This increase is evident for both US East Coast and US West Coast bound cargos. Willy Fong, WWL’s managing director in Asia, noted, “a number of our traditional customers who had delayed or cancelled orders are now starting to move … Continued
In India, the nationwide lockdown has been extended until May 17th. Districts have been identified as red, orange or green zones based on the status of the Covid-19 outbreak there. The classification will enable the resumption of some economic activities in areas less affected by the virus and ensure that caution is exercised in these … Continued
Significant decreases in watershed levels means tighter enforcement in overweight cargo. The long-term effects of low water levels in the Panama Canal is forcing some ocean lines to offload overweight containers in order to pass through the Panama Canal. Last year, water depths in the canal reached such low levels not seen in the past … Continued
Recently, U.S. Customs and Border Protection (CBP) has offered postponement of certain duties, taxes, and fees for 90 days for importers who have suffered significant financial hardship as a result of the coronavirus disease (COVID-19) and the government imposed limiting commerce, travel, or group meetings. We have prepared the following information including important links relating … Continued
For the entire second quarter, The 2M Alliance of Maersk Line and Mediterranean Shipping Co. will suspend one weekly service from North Asia to the US West Coast and a weekly string from South Asia to the East Coast, the carriers said Thursday. They’ll also blank additional individual sailings to North America. The reductions in … Continued
USA All staff working from home except warehouse staff in Torrance, CA and Cranbury, NJ. Import volumes steady despite many retail orders having been delayed or cancelled. Exports are quite busy as are cross trade shipments. All systems are working efficiently with no issues in a “work from home” model. China All staff have resumed … Continued
Airlines are looking for ways to utilize grounded passenger fleets to meet a shortage of cargo capacity. The ripple effect of COVID-19 has grounded many passenger flights which is causing a global shortage of cargo space. Since passenger aircraft make up a large share of cargo capacity, there is a serious shortage in space, causing … Continued
