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Week 35 Freight Updates

September 1st, 2021

A new record has been set for the number of vessels waiting for berthing space outside the Ports of Los Angeles and Long Beach, and it’s not looking good for the two major U.S. gateways. According to Business Insider, the line of 44 container ships currently sitting off the coast of California have the ongoing “labor shortage, COVID-19-related disruptions, and holiday-buying surges,” to blame for the growing congestion.

On the other side of the country, the Port of New York and New Jersey is similarly struggling with rising berthing delays at the onset of the holiday shopping season as carriers continue to add more services to keep up with increasing demand. And in the midst of all this shipping chaos, new data shows smaller American importers are getting the short end of the stick when it comes to freight pricing and market share.

According to Supply Chain Dive, “some cargo owners believe that consolidation has played a role in the high rates and increased inability to secure space for their goods.” While industry regulators take a closer look at ocean carrier alliances and their impact on today’s shipping struggles, autonomous shipping is striving to achieve widespread adoption down the line in the form of a groundbreaking 236-mile voyage.

To stay updated on “the world’s first test of an autonomous ship in an area with heavy marine traffic,” or to follow up on any of this week’s other top international shipping news, check out the links below:

A record-breaking 44 container ships are stuck off the coast of California

A record-breaking 44 container ships are stuck off the coast of California

Forty-four freight ships are stuck awaiting entry into California’s two largest ports, the highest number recorded since the beginning of the COVID-19 pandemic.

NY-NJ port sees some vessel delays during pre-holiday peak (sub. required)

NY-NJ port sees some vessel delays during pre-holiday peak (sub. required)

The Port of New York and New Jersey is seeing an uptick in berthing delays as the holiday shipping season kicks into gear, but it remains mostly free of vessels sitting at anchorage.

Shipping chaos gives top importers ‘massive competitive edge’

Shipping chaos gives top importers ‘massive competitive edge’

The Asia-U.S. container market is now in a class by itself, with the trans-Pacific eastbound trade pricing differently than any other route in the world.

Consolidation in ocean shipping: A 20-year journey puts the scrutiny on carriers

Consolidation in ocean shipping: A 20-year journey puts the scrutiny on carriers

After Hanjin’s bankruptcy, carriers continued to band together to scale operations and provide shippers a global footprint. Now the White House is taking a closer look.

First Autonomous Cargo Ship Faces Test With 236-Mile Voyage

First Autonomous Cargo Ship Faces Test With 236-Mile Voyage

In just two decades from now, half of all domestic ships plying Japan’s coastal waters may be piloting themselves.

2021-08-31T18:32:17+00:00September 1st, 2021|Shipping News|
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