Biden hopes fines on lingering cargo containers ease congestion at major U.S. ports

TRANSPORTATION

 

PUBLISHED TUE, OCT 26 20215:09 PM EDTUPDATED WED, OCT 27 202112:11 PM EDT
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KEY POINTS
  • The Biden administration is hopeful new fines imposed on carriers at the nation’s busiest port complex will ease the intensifying logjam of cargo ships.
  • The twin ports of Los Angeles and Long Beach will charge carriers $100 per day for each container lingering past a given timeline starting Nov. 1.
  • The nation’s knotted supply chain is bearing the brunt of surging consumer demand, high transportation expenses, crippling labor shortages, overseas manufacturing delays, trade policies and inflation.
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Ports of Long Beach and Los Angeles to fine companies that leave containers on the docks
 

WASHINGTON – The Biden administration is hopeful

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Las tarifas de los transportistas de GNL superan los $ 260,000 por día ya que las ganancias de arbitraje superan los $ 100 millones

 

 

 

Lloyd's List

La escasez del Pacífico impulsa una prima récord sobre las tarifas del Atlántico a medida que aumentan los precios del gas en Europa

 

Los comerciantes obtienen ganancias por las nubes a medida que el arbitraje se extiende a 124 millones de dólares para la carga de GNL cargada en EE. UU. Que navega hacia Japón

LOS PRECIOS DEL GAS NATURAL SE HAN DISPARADO DURANTE LAS ÚLTIMAS SEIS SEMANAS ANTES DEL PICO INVERNAL, ALCANZANDO RÉCORDS EN EUROPA Y ASIA.

La crisis del gas natural y la energía que azota Asia y Europa ha impulsado las tarifas spot para los transportistas de gas

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Container shipping and US business cycle fluctuations

 

 

 

Reuters

Lutz Kilian, Nikolaos Nomikos, Xiaoqing Zhou 15 July 2021

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China exports in surprise jump despite power crunch

 

 

 

ASIA TImES

Exports rose a better-than-expected 28.1% on-year in September, according to authorities – up from 25.6% in August
 
   
 
A March 24, 2021, aerial picture of container cranes and containers at the Lianyungang Port Container Terminal in Lianyungang, Jiangsu province. Photo: AFP / Hector Retamal

China’s exports rose unexpectedly in September, official data showed Wednesday, but analysts warned of a looming hit from the country’s power crunch that has disrupted supply.

The data came after a sharp jump in trade in the world’s second-largest economy in August, suggesting that overseas demand for consumer goods had surged as a domestic virus outbreak was brought to heel.

But last month many factories were forced to halt operations owing to power outages

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Extreme Freight Rates Begin to Change Shippers' Calculations

 

 

 

 

 maritime executive

Yantian Port has experienced extreme congestion, disrupting multiple vessel services (File image courtesy Gigel Atat)

PUBLISHED JUN 28, 2021 1:52 AM BY BRIAN GICHERU KINYUA

The containerized shipping industry has been essential to global commerce for its low shipping costs. However, high freight rates are starting to have an impact on consumer goods. Already, consumers have started to feel the pinch of the surge on items such as furniture and coffee. Along the transpacific route, Alan Murphy, CEO of Sea-Intelligence recently estimated that freight rates for assembled furniture now account for a whopping 62 percent of the total retail value. It’s the same case for large appliances, for which up to 41 percent of the retail price is the shipping. As container

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