Chinese New Year rush and threat of tariffs leaves box ports congested
The Chinese factory rush to get goods out before the new year holiday, and the ...
TSLA: FEEL THE PAIN IN CHINAWMT: GUESS WHATXPO: SURGINGAMZN: LOOKING FORWARDCHRW: PAYOUT UNCHANGEDWTC: NEW HIGH MAERSK: 'AFLOAT IN A SEA OF RISK' F: TARIFF TRAFFIC WARNINGHON: GAUGE THE UPSIDEXPO: STELLAR EARNINGS DELIVERYMAERSK: DEMAND DISRUPTION RISKMAERSK: FOCUS ON MARGIN IN LOGISTICS AND SERVICESMAERSK: GROWTH UNDERPERFORMANCE IN OCEAN MAERSK: WHY IS GEMINI SUCH A GOOD IDEA MAERSK: INTEGRATOR STRATEGY MAERSK: EIGHT YEARS AFTER THE LAUNCH OF THE INTEGRATOR STRATEGYMAERSK: FOCUS ON DEALS MAERSK: QUESTION TIME WITH FOCUS ON MSC AND DEALS
TSLA: FEEL THE PAIN IN CHINAWMT: GUESS WHATXPO: SURGINGAMZN: LOOKING FORWARDCHRW: PAYOUT UNCHANGEDWTC: NEW HIGH MAERSK: 'AFLOAT IN A SEA OF RISK' F: TARIFF TRAFFIC WARNINGHON: GAUGE THE UPSIDEXPO: STELLAR EARNINGS DELIVERYMAERSK: DEMAND DISRUPTION RISKMAERSK: FOCUS ON MARGIN IN LOGISTICS AND SERVICESMAERSK: GROWTH UNDERPERFORMANCE IN OCEAN MAERSK: WHY IS GEMINI SUCH A GOOD IDEA MAERSK: INTEGRATOR STRATEGY MAERSK: EIGHT YEARS AFTER THE LAUNCH OF THE INTEGRATOR STRATEGYMAERSK: FOCUS ON DEALS MAERSK: QUESTION TIME WITH FOCUS ON MSC AND DEALS
The implementation of the proposed $100-a-day fee for containers lying in Los Angeles and Long Beach terminals after an initial nine-day period has been delayed for a week, after port officials said they were “encouraged by the progress our supply chain partners have made in helping our terminals shed long-dwelling import containers”.
The fee, proposed by President Biden’s supply chain “task force”, was to have been introduced yesterday, as part of a package of measures to reduce congestion at the west coast container gateway.
According to a report in Maritime Executive: “Since the fee was announced on 25 October, the ports reported a combined 26% decline in ageing cargo on the docks. Before the pandemic-induced import surge began in mid-2020, on average, containers for local delivery remained on container terminals fewer than four days, while containers destined for trains dwelled fewer than two days. Both ports have experienced significant increases with the surcharges targeting rail containers after three days and containers travelling by trailer over nine days.”
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