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Week 23 Freight Updates

June 9th, 2021

The Institute for Supply Management’s latest round of survey results revealed some important insights into how COVID-19 is currently impacting global supply chains. While many respondents remain hopeful about what the next 12 months have to offer, remote work complications, shipment delays, and supplier risks were among the top concerns industry professionals listed.

Another major problem supply chains face is the threat severe weather poses, especially as we start to approach California’s peak wildfire season. The state has already endured 1,812 fires this year alone, and fire season doesn’t technically peak until September-November. As the industry works to combat climate change issues like this, global maritime regulators like the International Maritime Organization are also fighting to reduce carbon emissions by rating how much pollution today’s vessels produce.

In other news, port congestion in South China is at an all-time high right now as delays resulting from Yantian International Container Terminal’s recent COVID-19 exposure start to flow into neighboring ports like Shekou and Nansha. According to The Loadstar, Maersk is “now expecting delays of 14 days, with productivity at berths in the western areas of YICT, where mainline vessels call, still only at 30%.”

Then, we have soaring U.S. import volumes with no additional space left to put them, given the way carriers are controlling capacity and how tight the market is right now. Check out the following links to learn more about this week’s top international shipping news:

ISM’s COVID-19 survey: optimism amid continued supply chain disruptions

ISM’s COVID-19 survey: optimism amid continued supply chain disruptions

As a follow up to survey results released on March 11, 2020, April 14, 2020 and July 20, 2020, today the Institute for Supply Management (ISM) released its fourth round of dedicated research on COVID-19 impacts on businesses and their supply chains.

More frequent, severe wildfires threaten California's growing logistics network

More frequent, severe wildfires threaten California's growing logistics network

In 2020, California lost 4,257,863 acres to fire. That came from 9,917 incidents, and damaged or destroyed 10,488 structures in one year. This year, wildfire season is expected to be worse.

Global Maritime Regulator Touts Contended Decarbonization Plan

Global Maritime Regulator Touts Contended Decarbonization Plan

The head of the International Maritime Organization expects a key panel to adopt a blueprint on reducing carbon emissions at a meeting next week as the global marine regulator faces rising pressure from governments and from within its own ranks over environmental goals.

South China ports in crisis as logjam of box ships and containers grows

South China ports in crisis as logjam of box ships and containers grows

South China’s port congestion has gone from bad to worse – delays at Yantian are spilling over to nearby Shekou and Nansha.

Forwarders snagged majority of US imports from Asia through April (sub. required)

Forwarders snagged majority of US imports from Asia through April (sub. required)

Non-vessel operating common carriers (NVOs) secured more than half of all US imports from Asia through the first four months of the year — the first time that has happened in that period of any year — as carriers rationed exceedingly tight vessel space by limiting bookings to only their steady customers.

2021-06-08T19:46:07+00:00June 9th, 2021|Shipping News|
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