President Joe Biden is pushing to ease supply shortages and tame rising prices in time for Christmas, but unsnarling U.S. supply lines could take far longer, experts told Reuters.Biden brought together powerbrokers from ports, unions and big business on Wednesday to address shipping…
President Joe Biden on Wednesday launched an effort to ease supply chain blockages that are threatening to disrupt the U.S. holiday season, relying on expanded port and shipping operations and urging other businesses to speed up operations.The moves were a first step…
There is no end in sight to the shortage of shipping containers, port congestion and sky rocketing freight rates that have rattled global trade, the chairman of Dubai ports giant DP World said on Wednesday. The bottlenecks have been caused by…
President Joe Biden will host a meeting on Wednesday to hail progress in addressing supply chain problems weighing on the economy and threatening the holiday season, while he asks business and union leaders to do more to ease shipping backlogs…
Hapag Lloyd has temporarily rerouted a European-U.S. container service through the Jacksonville Port Authority (JAXPORT). The change is part of an effort to “optimize our service portfolio, stabilize schedules and adapt to market needs,” according to Hapag Lloyd…
Britain said on Wednesday that people should buy normally for Christmas and there would be no shortage of gifts after shipping containers carrying toys and electrical goods were diverted from the country’s biggest port because it was full.Maersk…
The trade war continues to rage in the shade of the headline-grabbing supply chain disruptions. The tariffs are still in place and are unlikely to go anywhere despite the change of administration in the United States. While higher exports from…
Liebherr Container Cranes said it has been awarded a contract for the supply of three ship to shore (STS) container cranes for Maher Terminals LLC at the Port of New York & New Jersey. The cranes will take their place alongside the existing eight Liebherr STS cranes at Maher’s terminal…
ZIM Integrated Shipping Services Ltd. on Wednesday announced the creation of a new subsidiary, Ship4wd, a digital freight forwarding platform offering an online self-service end to end shipping solution.Launching October 18, 2021, Ship4wd is…
The Jacksonville Port Authority (JAXPORT) Board of Directors unanimously awarded a $48.8 million construction services contract to Superior Construction Company LLC for terminal improvements to enable the SSA Jacksonville Container Terminal at Blount Island to accommodate more containers…
Dubai ports giant DP World sees no early end to disruptions in global supply chains that have set off delays at ports and logistics hubs around the world, its chairman said on Friday.The disruptions, a result of pandemic lockdowns and an unexpectedly rapid recovery in demand…
Supply constraints thwarting global economic growth could still get worse, keeping inflation elevated longer, even if the current spike in prices is still likely to remain temporary, the world’s top central bankers warned on Wednesday.The disruptions…
Global container liner problems related to post-corona logistics hiccups have intensified in the third quarter and show no sign of letting up, the world's number five operator, Hapag-Lloyd, said on Thursday.Chief executive Rolf Habben Jansen…
For almost three months now, the spot freight rate for containerized goods shipped by sea from North Europe to the U.S. East Coast has been 210% higher than last year (July 1 – September 23), according to shipping organization BIMCO.It wasn’t until April 1…
Indian officials said on Tuesday they had seized nearly three tonnes of heroin originating from Afghanistan worth an estimated 200 billion rupees ($2.72 billion) amid the chaos following last month's takeover of the country by the Taliban.Afghanistan is the world's biggest illicit opiate supplier…
