Maritime: Page 21
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Courtesy of Suez Canal Authority
Ever Given, general average and why shippers will share the costs of a ship's rescue
Shippers are in for a lengthy and complicated process to collect cargo and provide documentation to adjusters.
By Matt Leonard • April 8, 2021 -
Retrieved from NASA on March 31, 2021
Walmart, H&M among retailers in US most exposed to Suez Canal disruptions
Construction and chemical companies are also expected to feel the impact, as more than 300 vessels wait to pass through the canal.
By Matt Leonard • March 31, 2021 -
Explore the Trendline➔
Mario Tama via Getty Images
TrendlineTop 5 stories from Supply Chain Dive
Here’s how companies are navigating rising costs, network changes and logistics disruptions across global supply chain networks.
By Supply Chain Dive staff -
The image by Axelspace Corporation is licensed under CC BY-SA 4.0
Suez backlog starts moving, but port congestion expected to follow
Dozens of container ships missed ETAs at ports of call, and Maersk expects it to take a week to clear the backlog.
By Matt Leonard • March 30, 2021 -
Courtesy of International Maritime Organization
Shippers assess impact to cargo as Ever Given is freed from Suez Canal
Ikea confirmed it has containers on ships waiting to pass through the Suez Canal and said it "will consider all supply options available to secure the availability of our products."
By Matt Leonard • March 29, 2021 -
Courtesy of International Maritime Organization
Container ships steer toward longer route around Cape of Good Hope to avoid Suez Canal
A Friday attempt to refloat Ever Given was unsuccessful, the vessel's technical manager said, and one analyst said the ship could be stuck for weeks.
By Matt Leonard • March 26, 2021 -
The image by Axelspace Corporation is licensed under CC BY-SA 4.0
Ever Given and the Suez Canal: A list of affected ships and what delays mean for shippers
Carriers with hundreds of thousands of TEUs of cargo capacity are stuck, and when they move, port congestion will worsen.
By Matt Leonard • Updated March 30, 2021 -
Permission granted by Nike
Nike's imports drop 39% amid port congestion, straining inventory
The YoY drop in February came after the retailer faced weeks-long delays, affecting the timing of wholesale shipments.
By Matt Leonard • March 24, 2021 -
Imports spike at ports across US, Hapag-Lloyd warns of terminal congestion
The Port of Los Angeles said dwell time is still too high, after slight improvements during the busiest February on record at the gateway.
By Matt Leonard • March 17, 2021 -
Yeti tests Port Houston in bid to avoid congestion
Along with the port change, Yeti has also increased its use of cross-docking for its imports to help cut down on lead times and is exploring faster shipping lanes out of Southeast Asia.
By Matt Leonard • March 12, 2021 -
Big Lots to add 2 distribution centers to speed replenishment of palletized, big and bulky inventory
The retailer faces extended lead times with inventory stuck in-transit in a clogged ocean freight network.
By Matt Leonard • March 11, 2021 -
Deep Dive
A tumultuous year of ocean shipping prompts a rethink of contracts
Negotiations are taking place earlier than usual, with greater interest in two-way commitments and tiered pricing. But a focus on resiliency and capacity comes at a cost to shippers.
By Matt Leonard • March 10, 2021 -
Cara Salpini/Supply Chain Dive
Foot Locker cites port congestion for nearly 24% drop in inventory
The retailer is working with its vendors to find alternative routings, and it expects its inventory position to improve this quarter, an executive said.
By Matt Leonard • March 8, 2021 -
Shippers consider redirecting cargo away from congested California ports
Switching cargo from Southern California to the Northwest Seaport Alliance can especially make sense for inland-point intermodal moves to the Midwest, one expert said.
By Matt Leonard • March 5, 2021 -
FMC, lawmakers meet to discuss container practices, whether carriers violate Shipping Act
One commissioner said legislation and modernization to the Shipping Act might be necessary to resolve ongoing container issues.
By Matt Leonard • Updated April 9, 2021 -
Inventories drop with no signs of softening demand: ISM
Shortages in ocean freight, corrugated boxes, gloves and dozens of other products are pushing up the prices for many commodities.
By Matt Leonard • March 3, 2021 -
Opinion
FMC: Injecting more containers won't solve supply chain woes
Two commissioners — a Republican and a Democrat — call for cooperation among supply chain stakeholders.
By Daniel B. Maffei & Louis E. Sola • March 2, 2021 -
Wayfair cites ocean shipping disruption, port congestion for in-stock issues
The retailer expects it could take a "few months" to get back to the in-stock levels it usually tries to maintain, one executive said.
By Matt Leonard • March 1, 2021 -
Crocs: Redundancy in ocean freight contracts takes priority over cost
The footwear brand's logistics director said a turbulent market with high consumer demand proves container shipping is a commodity, not a service.
By Matt Leonard • Feb. 26, 2021 -
Kendall Davis/Supply Chain Dive
No rate relief in sight for ocean shippers as Lunar New Year passes
If consumer spending doesn't fall off during 2021, the ocean shipping industry could be in for a busy and record-breaking year, one analyst predicted.
By Matt Leonard • Feb. 23, 2021 -
Shipper, trucker groups applaud FMC on 'strongest step' to demand container information from carriers
The Federal Maritime Commission said failing to follow the agency's interpretive rule on detention and demurrage "might constitute a violation of" the Shipping Act.
By Matt Leonard • Feb. 18, 2021 -
Expeditors: 'Severely' misaligned freight market spikes ocean, air rates
"We moved more freight in the fourth quarter of 2020 than in any other quarter in our history," the company's CEO said in its earnings release.
By Matt Leonard • Feb. 17, 2021 -
4 charts show the effects of West Coast port congestion and supply chain delays
The ports of Los Angeles and Long Beach have been overburdened with a deluge of container imports over the last few months.
By Matt Leonard • Feb. 16, 2021 -
FMC to discuss 'big, huge step' related to detention, demurrage and container returns
The commissioners will meet as ports face congestion issues resulting from record import levels and shippers deal with a container imbalance that is increasing the price of equipment.
By Matt Leonard • Feb. 11, 2021 -
Maersk: Contract, short-term rates up across the board
The carrier expects a high freight rate environment to continue through Q1 before easing in Q2, though "it is really hard to predict the demand patterns for 2021," the company's CFO said.
By Matt Leonard • Feb. 11, 2021 -
Courtesy of DSV Panalpina
DSV Panalpina ready for 'M&A adventures'
The CEO said its preferred acquisition is a large, global forwarder with similar characteristics as DSV, as the company seeks a larger share of the fragmented market.
By Shefali Kapadia • Feb. 11, 2021
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