Author: Shipco News Desk

Shippers moving cargo from Asia to the East Coast of South America (ECSA) are facing significant peak season disruptions, as container spot rates have nearly doubled in recent weeks. The sharp rise in rates is being driven by port congestion, equipment shortages, blank sailings, and carriers reallocating vessels to the Asia-U.S. trade. Ports in Brazil

Labor tensions at Canada’s West Coast ports have eased following a new agreement between port employer, the British Columbia Maritime Employers Association (BCMEA), and ILWU Local 514, the union representing longshore foremen. The deal covers about 700 longshore foremen working at the ports of Vancouver and Prince Rupert. It retroactively starts from April 2023 and

Airlines have reported a renewed interest in block space agreements (BSAs) as forwarders prepare for a potential spike in airfreight rates later this year. While some in the industry remain cautious due to ongoing trade uncertainties, others are locking in rates now as a measure of security against price surges down the line. Many airfreight

Shippers are turning to dual-sourcing as a long-term strategy to navigate ongoing trade policy uncertainties. In just a 24-hour period, U.S. tariff policies have been reversed and then reinstated, highlighting the unpredictability of the global trade environment. Rohit Tripathi, Vice President of industry strategy, manufacturing at Relex Solutions, said the current environment is driving a

Evergreen Chairman Chang Yen-yi said U.S. West Coast ports, especially Los Angeles and Long Beach, could see heavier congestion next month. He cited rising freight rates and the addition of more capacity by ocean carriers as key reasons. At Evergreen’s annual meeting, Chang said the company expected elevated freight rates to last through September as

In response to increased demand and rising freight rates from Asia to the U.S., ocean carriers are reintroducing capacity on the Far East to North American trades. This move reflects growing confidence in the strength of Trans-Pacific demand. Maersk and Hapag-Lloyd have announced a new express service to the U.S. West Coast, starting June 24

Container services are being reinstated to the Trans-Pacific trade next month in response to the high demand for imports from China. Currently, capacity remains constrained as many carriers had reassigned ships to other routes during the earlier downturn. The temporary tariff truce between the U.S. and China expires on August 14, and peak season cargo

Operations are slowly resuming at Mexico’s busiest container port, Manzanillo, after a four-day strike by customs workers brought cargo movement to a standstill. The strike which began on May 12, caused an estimated $150 million in revenue losses and led to widespread disruption in logistics operations across the region. While some drayage trucks began moving

Port congestion across Europe continues to worsen, with ports like Bremerhaven facing severe labor shortages and few alternatives for shippers. According to one forwarder, average delays are five to six days, depending on the destination. Reduced rainfall is disrupting barge traffic on the Rhine River, adding to congestion at Antwerp and Rotterdam. Maersk flagged a