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I also laugh when newscasters quip, “Just move west coast ships through the Panama Canal…” With new locks in 2016, the Panama Canal is able to handle vessels with an overall length of 366 m (1201 feet), 49 meters beam (increased by the Canal Authority effective 1 June 2018 to 51.25 Be A Good Shipper.
Cargo ships lost 661 containers at sea in 2022, down from the 15-year average of 1,566 lost per year, according to the latest figures from the World Shipping Council (WSC). This resulted in meaningful cost savings for our last mile delivery program overall,” he added. But industry voices have noted concerns.
Returning containers is an ongoing issue resulting in some manufacturers investigating a return to break-bulk shipping (container free). meters draft, and cargo capacity up to 14,000 twenty-foot equivalent units (TEU); previously, it could only handle vessels up to about 5,000 TEU. Trade continues to be imbalanced. Figure 4B. (For
Many sectors are affected by droughts, including agriculture, energy, water, utilities, and manufacturing. Water shortages burdened Panama Canal shippers with extraordinary delays and cost increases, serving as a reminder to greater consider changing climate and weather patterns in supplier contracting and logistics planning.
New Panama Canal Options: Running the Numbers with a TMS.Connect by TMC. When the expanded Panama Canal opened this June, a new set of routes became available for shippers and beneficial cargo owners (BCOs). As described in my previous blog post , the enlarged Panama Canal can handle container ships up to 13,000 TEUs in size.
The Panama papers were still hogging the headlines and competing hard against dissections of mishaps in the private lives of British politicians. This irrational behavior continues in light of a 3-year effort by the Chinese government to telegraph in no uncertain terms the switch from an economy based on manufacturing to services.
This response is driven by ongoing threats to crew and cargo safety, necessitating the rerouting of ships around the Cape of Good Hope, resulting in substantial delays and escalated shipping costs. This disruption affects various industries, including suppliers for global retailers and car manufacturers. On January 11, the U.S.
companies that rely on East and Gulf Coast seaports have been importing early, shifting goods to the West Coast, and even putting cargo on pricey flights to hedge against a threatened Oct. These ports handle a significant portion of the nation’s containerized cargo, especially for the consumer goods, retail, and manufacturing sectors.
The next step of the ZEV declaration integrates workstreams of the United Nations Framework Convention on Climate Change (UNFCCC) High Level Action Champions (HLAC) with Automotive Manufacturers and The Climate Group’s EV100 to avoid duplication of effort and to pool resources.
One manifestation of this problem is that multiple ports on the east coast are deepening their approach channels in order to attract bigger cargo ships. The widening of the Panama Canal to enable larger ships to pass through the trade artery will generate this traffic. The situation is exacerbated by local stockpiling.
cargo has flowed through the country’s West Coast ports until recently. The recent standoff, coupled with the planned expansion of the Panama Canal – scheduled to complete in 2016 – could potentially divert shipping to different ports, which would impact supply chain stakeholders on the West Coast.
cargo has flowed through the country’s West Coast ports until recently. The recent standoff, coupled with the planned expansion of the Panama Canal – scheduled to complete in 2016 – could potentially divert shipping to different ports, which would impact supply chain stakeholders on the West Coast.
It appears that ports on the US West Coast are back in full swing after a protracted labor dispute delayed cargo worth billions of dollars and caused untold reputational damage to the companies caught in the crossfire. Limited options on the West Coast without new thinking? This post was originally published on the LinkedIn Influencer site.
Many sectors are affected by droughts, including agriculture, energy, water, utilities, and manufacturing. Currently, the Panama Canal, one of the world’s most important waterways, faces one of the driest years in over 140 years. Learn more in our Special Report: How Industries are Adapting to the Panama Canal Drought.
The Suez Canal and the Panama Canal are critical, narrow maritime passages that provide shortcuts on lengthy intercontinental maritime journeys. While the drought in Panama has ended and shipping is rebounding, the Suez Canal, where traffic has been cut in half, remains an issue. Yet these chokepoints are vulnerable to disruptions.
As of late February 2024, CMA CGM is now shipping cargo through the Red Sea trade route. Enduring Drought Disrupts Panama Canal Navigation The Panama Canal is a vital shipping route that connects the Atlantic and Pacific Oceans. Drought and congestion at the Panama Canal have significantly impacted shippers.
Following the recent attacks launched by Yemen’s Houthi group on cargo ships in the Bab al Mandeb Strait at the southern end of the Red Sea, several major global shipping and oil companies – including Maersk and British Petroleum (BP) – have suspended shipments and halted operations in the area.
Reportedly, one terminal at the Port of Los Angeles cancelled cargo movement operations on Monday of this week while two terminals at the Post of Long Beach closed. have flexed their muscles over the past year, staging walkouts and other actions that have shut down cargo flows and prompted government intervention.
A new consideration to such shifts is a current development related to ongoing concerns toward increased lowered water levels in the approaches to the Panama Canal. Thus far hundreds of flights in the region have been cancelled, stranding passengers and air cargo. Gulf Coast or major East Coast ports.
Retailers and manufacturers are flying more goods around the shipping crisis in the Red Sea , industry experts say, helping boost international airfreight operators after a long period of sagging cargo volumes. Now 27 ships navigate the Panama Canal each day, compared with 39 previously. And now on to this week’s logistics news.
30 deadline, shippers may divert some cargo away from the East Coast, Port of Los Angeles Executive Director Gene Seroka said in a media briefing. The port director said there hasn’t been “a wholesale shift,” however, estimating between 2% to 5% of shippers’ cargo has been moving from East and Gulf Coast gateways back to the West Coast.
SUBSTITUTED SERVICE (ALTERNATE PORT SERVICE) This provision shall govern the transfer of cargo by trucking or other means of transportation at the expense of the Carrier. Rates that are ramp or CY at origin apply from the inland rail carriers ramp at the place of receipt of the cargo by Carrier. Dangerous/Hazardous Cargo, N.O.S.,
Meanwhile, Hapag-Lloyds new Container Payment Portal streamlines cargo movement, and GE Vernova’s partnership with AWS accelerates energy transition efforts. BlackRocks $19 billion acquisition of Panamanian ports underscores Wall Streets growing influence in global trade, while Cornings solar manufacturing alliance boosts U.S.
And though the stated goal of these measures is to stem the flow of fentanyl and illegal immigration, part of last weeks reprieve was reportedly due to auto manufacturer pledges to shift some manufacturing from Canada and Mexico to the US. In air cargo, a one-day labor strike led to widespread flight cancelations in Germany on Monday.
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