Tag: ocean shipping

Several factors coming together early in the season led to this early peak season in container shipping this year. This makes everyone nervous and will undoubtedly challenge the shipping industry. We’ll examine the overall implications and impacts that are anticipated. Economic Repercussions Due to its strong correlation with consumer spending, the demand for goods, and the […]

The ongoing drought conditions in the Panama Canal, the worst in 73 years, is disrupting the number of daily transits in the canal. The normal level of transits per day is around 30 to 40 vessels. The Panama Canal Authority plans to cut down the number of guaranteed booking slots to 18 by February 2024. […]

  The container equipment shortage, which we started to feel as of last month, has been felt more intensely lately. The return to normal trade routes after the Covid pandemic has been hampered by various factors, including human and environmental challenges, leading to occasional inefficiencies in shipping operations. This situation has resulted in congestion at […]

What is a Wharfage Charge? A wharfage charge is a charge traditionally collected by ocean carriers in the U.S. to cover the fee(s) charged by the wharf and/or port authority. Per FMC Regulations, 46 CFR 525.1(c), “Wharfage means a charge assessed against the cargo or vessel on all cargo passing or conveyed over, onto, or […]

  As Shanghai emerges from a two-month long lockdown, pent-up demand may continue to flood the already congested Southern California ports. According to Drewry Shipping Consultants, there were about 260,000 TEUs that did not ship out from Shanghai during April. If the reopening after Chinese New Year is any indication of what is to come, […]