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World Maritime News (6)

March 18, 2021

Biden’s U$ 1.9trn stimulus package will boost trade to US despite sky-high rates US imports from Asia in February jumped 27.3 percent year over year to register a seventh consecutive month of double-digit growth with no signs of slowing. The U$ 1.9 trillion stimulus package which includes one-time direct payments of up to U$ 1400 per person and jobless aid of U$ 300 a week will deliver another shot in the arm for consumer demand. Global Port Tracker, published monthly by the National Retail Fe

World Maritime News (5)

March 04, 2021

World Maritime News

Panama Canal raises slot booking prices Increasing demand for Panama Canal transits has encouraged the Panama Canal Authority (ACP) to raise its reservation and service fees. From 15 April, booking reservation slots will rise from between U$ 10,500 and U$ 50,000 for the panamax locks and U$ 70,000-U$ 85,000 for the largest vessels. The transit reservation system is an optional service offered by the ACP That gives customers the ability to transit on a specific date through the payment of an ad

World Maritime News (4)

February 18, 2021

World Maritime News

Global container trade volume 2020 Global container traffic in 2020 came in just 1.2% lower than in the previous 12 months despite the upheaval of the pandemic, the latest figures from Container Trades Statistics shows with 168.2 million teu in 2020 compared with around 170 million teu in 2019. Transpacific trade was a rise of 7.3% at 20.1 million, while Asia-Europe trade saw the annual total of 15.8 million teu falling short by 5.5% on the previous year. Read more:Lloyd’s List Several E

World Maritime News (3)

February 04, 2021

World Maritime News

Cargo rollovers rose at 75% of major ports in December Many key transhipment ports and the leading container lines are continuing to see elevated level of cargo rollovers. Cargo levels remain far above seasonal averages, causing further delays to cargo, which is increasingly lying stranded at the quayside. Of the 20 global ports, 75% saw an increase in the levels of rollover cargo in December compared with the previous month. The world’s largest transhipment hub in Singapore and leading primar

World Maritime News (2)

January 21, 2021

World Maritime News

FMC should examine DCSA and TradeLens The Digital Container Shipping Association (DCSA) published last December data and process standards for the issuance of bill of Lading. The initiative, which is supported by nine of the world’s largest container carriers, aims to facilitate acceptance and adoption of this bill by regulators, banks and insurers and to unify communication between these organizations and customers and all other stakeholders in the shipping industry. In order to explore this p

World Maritime News (1)

January 07, 2021

World Maritime News

Shippers face new twists, risky turns in pandemic-alerted market Supply chain practitioners looking for a game plan in 2021 find themselves in a difficult position. COVID-19 made suddenly safety stock no longer bad thing and it increased inventory carrying costs. The dramatic shift to on-line shopping, coupled with the expectations of next-day delivery, is also spurring the growth of imports at warehouse for major online sellers who need to have enough stock on hand not just to meet demand, but