Freight Market Update | Week 26
South China Ports Paralyzed with COVID as Supply Chain Delays Compound
For over two weeks, International Container Terminal (YICT) in Yantian, China has been experiencing severe delays, citing that the impact of both carrier vessel schedules and reported COVID outbreaks, are leading to a supply chain disruption greater than the Suez Canal grounding back in March of this year. Issues have [...]
How Can I Report Unfair Demurrage and Detention to the FMC?
In March 2020, the Federal Maritime Commission (FMC) initiated an investigation, Fact Finding No. 29: International Ocean Transportation Supply Chain Engagement, in order to identify operational solutions to cargo delivery system challenges related to Coronavirus-19. Fact Finding 29: International Ocean Transportation Supply Chain Engagement SEEKING REPARATION FOR PAYMENT OF UNFAIR DEMURRAGE [...]
The MV X-Press Pearl Vessel Sinks off the Coast of Sri Lanka Due to Fire
A cargo vessel off Sri Lanka’s west coast, which was carrying tonnes of chemicals is sinking in one of the island country's worst maritime incidents. As the fire-stricken MV X-Press Pearl was being towed into deeper water by salvage professionals, it began to sink carrying 1,486 containers, including about 23 [...]
Rail Freight Pileups are a Concern for West Coast Terminals as Peak Volumes Approach
Terminal operators at the ports of Los Angeles and Long Beach are worried that longer rail container dwell times at their facilities will jeopardize their ability to accommodate import volumes during what is expected to be an early peak season this summer. Rail Power Challenges The longer containers sit at [...]