Port congestion had finally looked like it was easing in May and early June, ship queues had reduced to double digits. As of June 10th, there were 92 vessels held up offshore, led by 25 at the Savannah port, Georgia with 25, 20 off Los Angeles/Long Beach, 18 off New York/New Jersey, and 14 off Houston. Quickly, port congestion escalated to near record highs. On July 8th rising to 125 vessels and showing no signs of stopping, by July 19th 140 vessels were waiting offshore.
News / Global Logistics
As the conflict between Russia and Ukraine grows, the operational outlook for logistics operations with these countries has been severely altered.
HUSCHBLACKWELL
On February 24, 2022, the United States imposed a combination of extensive and complex trade sanctions and export controls against Russia in response to is invasion of Ukraine.
Inchcape Shipping Services has announced that the container ship blocking the Suez Canal has been refloated as of early this morning, Monday, March 29. The good news has also been confirmed by Osama Rabie, head of the Suez Canal Authority, according to his statement with state TV, published by CNN.
The erosion of ocean carrier schedule reliability is one of the glaring by-products of the pandemic induced port congestion. In January, global container vessel schedule reliability fell to 34.9%, the lowest ever recorded, and down 33.5% year over year. The transpacific trade from Asia to the U.S. was substantially affected in January, with reliability sinking to 13.8% to the West Coast (second lowest on record), and 21.5% to the East Coast – also a record.
Source: National Retail Federation Press Release – May 8, 2020
Imports at major U.S. retail container ports are expected to see double-digit year-over-year declines this spring and summer as the economic effects of the coronavirus pandemic continue, according to the Global Port Tracker report released today by the National Retail Federation and Hackett Associates.
Source: National Retail Federation Press Release – April 7, 2020
Estimates show that imports at major U.S. retail container ports dropped to their lowest level in five years in March, and imports are projected to remain significantly below normal levels through early summer as the coronavirus pandemic continues, according to the Global Port Tracker report released today by the National Retail Federation and Hackett Associates.
Source: National Retail Federation Press Release – March 9, 2020
The coronavirus outbreak is expected to have a longer and larger impact on imports at major U.S. retail container ports than previously believed as factory shutdowns and travel restrictions in China continue to affect production, according to the Global Port Tracker report released today by the National Retail Federation and Hackett Associates.
Source: National Retail Federation Press Release – February 10, 2020
With coronavirus causing longer Lunar New Year shutdowns of factories in China, imports at major U.S. retail container ports are expected to see a sharper-than-usual drop this month, according to the Global Port Tracker report released today by the National Retail Federation and Hackett Associates.
Source: National Retail Federation Press Release – January 10, 2020
After a year of fluctuations driven by the uncertainty of the trade war with China, volume at the nation’s major retail container ports is expected to return to its usual seasonal patterns during the first few months of 2020, according to the Global Port Tracker report released today by the National Retail Federation and Hackett Associates.