The nation’s top port for containers is out with some big numbers again today. The Port of Los Angeles reported preliminary July figures showing an estimated 935,345 TEU crossed its docks last month, outpacing the previous record set in 2019 by 2.5%. The Port of Los Angeles has now set monthly records in five of seven months in 2022. Compared…
Congestion on the US West Coast led to a sharp increase in both demand and capacity on the Asia-US East Coast routes. Quoting Sea-Intelligence data, Xeneta said that in the three months to July 24, capacity between Asia and the US East Coast was up 18.9% on-year to an average of 210,000 teu. “Compared to the average weekly capacity in…
The Port of Los Angeles (POLA) moved 876,611 TEU in June and by mid-2022 has handled more than 5.4 million TEU, matching last year’s record pace. “Halfway through the year, we’ve been able to reduce the number of vessels waiting to berth by 75%, allowing dock workers to efficiently process more vessels,” said Port of Los Angeles executive director, Gene…
US port imports hit another record high this spring, according to the monthly Global Port Tracker report published by the National Retail Federation (NRF) and Hackett Associates. The reasons for that are that the country’s major container ports worked to ease congestion and retailers stocked up before the West Coast dock workers’ labor contract expired. Specifically, US ports covered by…
Ceres Terminals is expected to open a new permanent pop-up container yard adjacent to Port Houston’s Barbours Cut Terminal. The new terminal depot occupies more than 300,000 m² and is the closest yard to the Port Houston’s Barbours Cut Terminal. “We are excited to announce the opening of the new container yard,” said Adam Brooks, chief operations officer of Ceres…
UWL and Swire Shipping are launching a new dedicated, express ocean export service from Seattle, Washington, US to Ho Chi Minh City, Vietnam. The transit time will be the fastest in the trade, with a duration of 21 days, according to a statement. “The recent ocean disruption and 100-day-long transit times are literally wiping out US food exporter livelihood; many…
The Swiss/Italian container line MSC has upgraded its transpacific network, connecting Asia and the United States, launching a new service and updating two existing ones. MSC is expected to commence its new Zephyr service in mid-July. However, it is still subject to regulatory approval. The world’s largest container shipping company said this new weekly service will enable them to offer…
The US Congress has passed the Ocean Shipping Reform Act (OSRA) 2022 to the cheers of shippers, and politicians, but the chagrin of carriers. There had been little doubt that the bill which will expand the powers of the Federal Maritime Commission over container lines would be passed, and it now moves on to be signed into law by President Joe…
