Port congestion had finally looked like it was easing in May and early June, ship queues had reduced to double digits. As of June 10th, there were 92 vessels held up offshore, led by 25 at the Savannah port, Georgia
Inchcape Shipping Services has announced that the container ship blocking the Suez Canal has been refloated as of early this morning, Monday, March 29. The good news has also been confirmed by Osama Rabie, head of the Suez Canal
The erosion of ocean carrier schedule reliability is one of the glaring by-products of the pandemic induced port congestion. In January, global container vessel schedule reliability fell to 34.9%, the lowest ever recorded, and down 33.5% year over year. The
Source: National Retail Federation Press Release – May 8, 2020 Imports at major U.S. retail container ports are expected to see double-digit year-over-year declines this spring and summer as the economic effects of the coronavirus pandemic continue, according to the
Source: National Retail Federation Press Release – April 7, 2020 Estimates show that imports at major U.S. retail container ports dropped to their lowest level in five years in March, and imports are projected to remain significantly below normal levels
Source: National Retail Federation Press Release – March 9, 2020 The coronavirus outbreak is expected to have a longer and larger impact on imports at major U.S. retail container ports than previously believed as factory shutdowns and travel restrictions in
Source: National Retail Federation Press Release – February 10, 2020 With coronavirus causing longer Lunar New Year shutdowns of factories in China, imports at major U.S. retail container ports are expected to see a sharper-than-usual drop this month, according to
Source: National Retail Federation Press Release – January 10, 2020 After a year of fluctuations driven by the uncertainty of the trade war with China, volume at the nation’s major retail container ports is expected to return to its usual
Source: National Retail Federation Press Release – December 9, 2019 Volume at the nation’s major container ports bumped up significantly in November as retailers imported merchandise ahead of new tariffs set to take effect this month, according to the Global