Month: January 2021

Tracing The Path to a Global Slowdown

By the end of 2020, the container transport system found itself at the center of a global slowdown — one which continues unabated in the first months of 2021. Looking back, the JOC traces the beginnings to the spring, when a surprising cargo surge, led by a fierce consumer appetite and demand for personal protective […]

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Ocean Carriers Scrutinized for Role in Mounting Port Congestion

The role of ocean carriers in contributing to the current, remarkable level of port congestion — and what they can do to mitigate it — has come under scrutiny, particularly at the two largest US cargo gateways of Los Angeles-Long Beach and New York-New Jersey. The World Shipping Council (WSC), whose members control approximately 90 […]

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US Gulf Coast ports get big-ship ready

Anticipating a post-pandemic return to growth, US Gulf Coast ports are pursuing major capacity expansions in 2021, positioning themselves to better handle vessels well above the 10,000 TEU size most common in services calling the region. Port Houston approved 2021 budget outlines $239 million in new capital spending. Top projects include a new deepwater container […]

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Premiums Lift Asia-US Container Rates to New Highs

Over the past month, extraordinary developments have been unfolding in eastbound trans-Pacific trade. During what should be a slack period, demand at Asian ports is so high that importers are paying thousands of dollars extra per forty-foot equivalent unit (FEU) to ensure space on a vessel departing Asian ports within the next few weeks. This […]

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