This week, the ports of Los Angeles and Long Beach announced that they would begin assessing additional charges on containers that linger at the port terminals too long. The ports will begin assessing the following fees starting on November 1, 2021. For containers scheduled to be picked up by truck at the port, a fee of $100 per…
As we enter the peak season, we want to highlight the port congestion crisis in the simplest way possible, with some screenshots showing the number of vessels anchored out various ports. Los Angeles/Long Beach Around late spring, the number of vessels anchored outside the ports of LA/LB peaked at around 30 vessels. This number briefly…
As we approach the peak shipping season, we wanted to make sure everyone fully understands that the state of transpacific shipping is continuing to deteriorate. Origin Ports in Asia Every origin port in Asia is continuing to face the same congestion problems: Huge backlog of products needing to be shipped out Equipment shortage (lack of…
Shippers just experienced possibly the worst April on record in terms of shipping congestion and rising ocean freight costs. May will likely be even worse. We’ve written extensively about the various issues driving the increased congestion. However, the biggest factor in May will be the massive number of blank sailings. To get a sense of…
As predicted, the month of May was as awful for shippers and importers. Congestion at various ports continued and in fact spread to other ports. Carriers had numerous blank sailings. Ocean freight rates spiked to heretofore unseen levels. Massive amounts of freight continue to build up in Asia, waiting to ship without any vessels available…
We’ve posted warnings the past half year about the global supply chain steadily becoming more congested and the cost of shipping rising accordingly. In the past few months, more articles have published about shortages in everything from boba balls to garden gnomes. We highly recommend everyone to watch the video that the Wall Street Journal published a few…
Here is an example of how serious the congestion is at the port of Los Angeles / Long Beach by showing the recent sailing schedule of a vessel, the ONE Falcon. Here is a summary of the most recent port calling data from the vesselfinder.com website: Arrived in Hong Kong on January 21, 2021 Arrived…
With factories in China now back at full steam producing products after the Chinese New Year, the outlook for ocean freight shipping for the remainder of the year is becoming clearer. Congestion The entire supply chain is still bogged down. Vessels are sailing at maximum capacity with full utilization of carrier fleets. Those vessels sailing…
COVID-19 – Shelter in Place March 16, 2020 Six Bay Area counties (San Francisco, San Mateo, Santa Clara, Contra Costa, Alameda, and Marin) together issued a ‘Shelter in Place’ order this afternoon. The ‘Shelter in Place’ order will remain effective at least until April 7, 2020. We understand that many customers are concerned about…
90 Day Postponement of Payment of Certain Duties, Taxes, and Fees CBP has announced the postponement of payment of duties, taxes, and fees for importers experiencing significant financial hardship due to COVID-19 for 90 days. This postponement applies to entries entered from March 2020 through April 2020. Note that CBP will not return duties…