The surge in cargo that hit the LA and Long Beach ports for almost two years is now plaguing the Port of New York and New Jersey and heating up this summer as peak shipping season begins. In the last few weeks, NY/NJ port terminals have not been able to take back empty containers, presenting … Continued
There’s a movement afoot to tighten the proposed Ocean Shipping Reform Act that limits when detention and demurrage charges can be levied and to put even tighter pricing controls in place. A group of roughly 79 intermodal carriers, importers, and exporters in California are lobbying for tightening the law that limits when demurrage charges can … Continued
At least for now, the ports of Los Angeles and Long Beach will hold off their proposed “emergency storage fee” imposed on ocean carriers who leave cargo too long at their terminals. The fee was to be assessed Monday, but officials announced they will delay consideration of the fee until November 22, citing cooperation among … Continued
On September 1st, Worldwide Logistics will be introducing a 2% advance fee with a minimum $50 per transaction in order to cover any advances made on behalf of our clients. These advances made on behalf of clients include items such as demurrage, per diem, storage, prepull, rail detention and other related charges that have become … Continued
The shipping crisis is not going away anytime soon as the line of ships at anchor continues to grow off the coast of California, causing a knock-on ripple effect of delays and fees throughout the supply chain. In addition to the congestion, the Port of Los Angeles is seeing an unprecedented volume of imports without … Continued
Yantian, the main port of Shenzhen in Southern China near Hong Kong, is partially closed due to a recent Covid outbreak. It was reported that five crew members aboard a container ship docked there have tested positive for the virus. As a result, the port has been temporarily closed and it is not receiving export … Continued
Containers at Southern California warehouses have been piling up due to high volumes and the nearly doubling of the amount of street dwell time, disrupting the delivery of merchandise in the US market. The container accumulation at the ports is largely due to the import surge since the economic recovery from the COVID-19 lockdowns began … Continued
Space and equipment shortages persist in the trade between India and North America. Import volumes into India, in particular volumes from China, are down due to restrictions on trade imposed by the India Government. This has resulted in a shortage of empty equipment in India. The shortage is most critical at Inland Container Depots (ICD) … Continued
Container shortages in Asia, especially China and India, are worsening as dwell time in the US and Europe increase and carriers struggle to return enough empty containers. The global supply chain is at risk at falling behind at a critical time, just before the upcoming peak shipping season. A spike in orders in July and … Continued
