Georgia Ports Authority Sees Port Congestion into 2022 / West Coast Vessel Dwell Time Increases
Georgia’s Port of Savannah—the largest container gateway on the East Coast after Newark, New Jersey—handled 478,620 20-foot equivalent container units in May, its second-busiest month on record, and more than 100,000 TEUs higher than the volume reached in May 2019. Savannah’s all-time monthly high was 498,065 reached in March. As of Monday, about a dozen container carriers were anchored outside...
Union Pacific Railroad Temporarily Suspending Service to its Joliet, Illinois Terminal
Union Pacific Railroad (UP) will temporarily halt all international intermodal service from Los Angeles, Long Beach, Oakland, and Tacoma, to its Global IV terminal in Joliet, Illinois, near Chicago, for up to seven days beginning July 19, an emergency measure designed to get thousands of ocean containers to their cargo owners. The suspension of service applies to all UP’s ocean...
Global Container Congestion at all Sea Ports
Global Container Congestion is currently impeding supply chains around the world. Data reveals that 10% of the world’s mainliner shipping capacity has been taken out due to global port congestion. The ratio between in port and waiting time has eroded. Hong Kong, for example, has a high waiting ratio, while in North America, Savannah, Oakland, Seattle and Vancouver are experiencing...
Ever Given – General Average
As the investigation into the grounding of the Ever Given in the Suez Canal begins, the vessel’s Japanese owner, Shoe Kisen, this morning declared General Average. The vessel is now at anchor at the Bitter Lakes (Egypt) area undergoing technical inspections, a possible date of departure to ports of discharge has yet to be set. And while there is no...