The Port of New York and New Jersey has announced that it will charge a new quarterly “container imbalance fee” from ocean carriers as part of the port’s efforts to deal with container congestion. According to the new system, the total outgoing container volume of an ocean carrier must equal or exceed 110 percent of…
Ocean Carriers Will Be Charged for Retaining Containers at Port of New York and New Jersey
August 3, 2022
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Business & Marketscontainer shippingLocal NewsNew Yorkocean carriersport congestionRegional-Local NewsUS
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North America Container Ship Traffic Jam Tightens, Threatening to Push Inflation Higher
August 2, 2022
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Business & Marketscontainer shippingEast Coasteconomyimport pricesinflationport congestionUSUS NewsWest Coast ports
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Port congestion in North America worsened in late July compared with a month ago, with traffic having shifted from the West Coast to the East Coast. On July 28, there were 153 ships waiting offshore at various ports across North America, a significant jump from 92 vessels on June 10, according to data by American…
Global Port Congestion, High Shipping Rates to Last Into 2023: Executives
SINGAPORE—Global port congestion is set to continue until at least early 2023 and keep spot freight rates elevated, logistics executives said on Wednesday, urging charterers to switch to long-term contracts to manage shipping costs. Ship delivery times have lengthened amid the COVID-19 pandemic since 2020, pushing up freight costs, while the Russia-Ukraine conflict and lockdowns…
U.S. Citrus Growers Struggle During Supply Chain Snarl
Some oranges and grapefruit are rotting in containers as the ongoing supply chain crisis at U.S. ports delays citrus exports for two weeks or more in some locations. Since December 2021, Johnston Farms in Bakersfield, Calif., has dealt with shipping delays and equipment shortages. Some of their grapefruit has been found spoiled upon delivery. “[The…
US Citrus Growers Struggle During Supply Chain Snarl
Some oranges and grapefruit are rotting in containers as the ongoing supply chain crisis at U.S. ports delays citrus exports for two weeks or more in some locations. Since December 2021, Johnston Farms in Bakersfield, Calif., has dealt with shipping delays and equipment shortages. Some of their grapefruit has been found spoiled upon delivery. “[The…
EPOCHTV: ‘We Have Yet to See the Severe Consequences and the Scars’ of Supply Chain Disruptions | John Kabateck
According to the latest survey done by the National Federation of Independent Business (NFIB), almost half of businesses are significantly impacted by supply chain disruptions as over 90 ships are waiting at the ports of Los Angeles. My guest is John Kabateck, California state director for the NFIB. He discusses how the congestion at the…
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