41 ships at anchor while CP, CN share reopened tracks in British Columbia Follow on TwitterTuesday, July 13, 2021 The Port of Vancouver is continuing to feel the domino effect from the disruption caused by wildfires in British Columbia even as CN and Canadian Pacific rail service resumes. As of Tuesday afternoon, 41 ships were…
Container industry body the World Shipping Council has issued a robust defense of its members after reports of US President Joe Biden issuing an executive order aimed at increasing competition among liners. Biden is due to announce the order formally later on Friday, according to media reports, directing the Federal Maritime Commission to ‘protect American…
DANIEL LOGAN The major challenges facing the container industry with unprecedented high freight rates, delays and bottlenecks are primarily driven by the extreme demand for imported goods from the US and the nation’s consumers. This is the candid response from the container carrier lobby group World Shipping Council (WSC) in the wake of US President…
President Biden informed in an address prior to signing the executive order that US society is built on open and fair competition and that the transport sector, including the container industry, appears to be lagging behind. “We have to get back to an economy that grows from the bottom up and the middle out. The…
The Biden administration is particularly focused on the fact that there are currently three major container alliances that control more than 80 percent of the market. Specifically, the alliances comprise Maersk and MSC’s 2M alliance, THE Alliance composed of Hapag-Lloyd, Yang Ming and ONE as well as Ocean Alliance, which consists of Cosco, Evergreen, OOCL…
Michael Angell, Associate Editor US and Canadian shippers are bracing for longer rail delays as Canada’s two Class I railroads slow their train speeds and share a single track to the Port of Vancouver in the wake of a wildfire that closed one of two tracks that run through British Columbia. Vancouver, Canada’s busiest port,…
Speed limit puts more pressure on train service Intermodal volumes dropped by nearly 20 percent in the wake of the July 1 fire that is severely limiting intermodal capacity out of Vancouver. CP’s intermodal carloads fell 27 percent for the week ended July 10 from the prior week, while CN’s fell 15 percent, according to…
The sobering picture of the state of containerized shipping is captioned below. Exclusive data from maritime intelligence service eeSea shows the world’s most congested box spots, ranking all ports by the sum of mainline vessels either in port or waiting. The ratio between in port and waiting is an approximation of the congestion. Hong Kong,…
