News
Global container carrier reliability plumbs new depths in January
Global container vessel reliability fell to 34.9 percent in January, the lowest ever recorded, as ports around the world continued to struggle with near-record volumes for the sixth consecutive month. “Global schedule reliability was down 33.5 percentage points compared to January 2020, and is now the lowest figure ever recorded by Sea-Intelligence [Maritime Analysis],” the maritime consulting firm said Thursday
Trans-Pacific container system slows under Asia import surge
The trans-Pacific container shipping system is sagging under a seemingly unending deluge of imports from Asia into North America. The winter storms have only stressed some port gateway further and slowed cargo through rail hubs including Chicago. Importers are often shelling out more than double the posted rates to secure ship and container equipment capacity and watching demurrage fees stack
Surge of US imports from Asia in January extends peak into 2021
US imports from Asia in January increased 14 percent from January 2020, extending the peak shipping season that began last July for an unprecedented seven consecutive months. If import volumes remain near January’s level of 1.59 million TEU through the spring — as retailers, terminal operators and freight forwarders said is possible given the importance of e-commerce merchandise to the US trade
Ports of Los Angeles/Long Bech Congestion Update
Ports of Los Angeles/Long Beach – The Port of Los Angeles processed an increase of 27.3% TEUs in October 2020 compared to October 2019. Propelled by replenishment of inventories and retailers preparing for upcoming holidays, October marked the busiest month in the Port’s 114-year history. In Los Angeles, vessel wait time is 4 days due to yard congestion, high import
Montreal and Halifax Update
Montreal and Halifax Update Dear Valued Client , As you are aware, due to prolonged labor disruptions at the port of Montreal in August, a number of sailings were diverted to the Port of Halifax. While some congestion due to the influx of additional cargo was expected, we regret to advise excessive dwell times continue to be experienced. To add to
Montreal Longshore Workers Launch Indefinite Strike
Montreal longshore workers started an indefinite strike Monday, August 10th escalating their dispute with employers after two recent four-day strikes that prompted container lines to divert ships from the port. The latest strike action, coupled with low expectations among some employers of federal intervention, suggests the second-largest Canadian port faces a long-lasting disruption. Leading up to the strike, longshore workers
Team Building: K1 Speed Go-Kart Racing
At Transatlantic we like to keep spirits high with our team, even during these chaotic times in the world. Team building is a huge way to relieve stress together, so yesterday we hit the track at K1 Speed in Addison, IL for some friendly competition. Of course Peter won, but we all got to let loose on the track, and
PORT of Montreal – 72-Hour Strike to begin on July 27th
Dear clients and partners, We want to inform you that the Maritime Employers Association has received a strike notice effective Monday, July 27 at 7:00 a.m. until Friday, July 31 at 6:59 a.m. there will be a suspension of mooring services usually provided by longshoremen and cargo handling services at Port of Montreal terminals during this four-day period.
Fresh Tariff Threat Could Put Pressure On Westbound Trans-Atlantic
The latest round of potential tariffs on EU imports to the United States could be as high as 100 percent imports. A rush to get European imports into the United States before a potential wave of tariffs is imposed in August could further tighten westbound trans-Atlantic capacity in the coming weeks, increasing the risk of rolled cargo. There was front-loading
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