Dry bulk shipping rates hit $80,000 per day as buyers scramble for coal
Yet another sign of stress for energy supplies and global supply chains: Spot rates for large dry cargo ships just topped $80,000 per day for the first time since 2009, and freight derivatives for the fourth quarter — a period when rates for these vessels normally pull back — just spiked.
Inbound containers staying elevated into 2022, congestion limiting ‘larger gains’
The National Retail Federation expects imports to the nation’s largest retail container ports to continue at a high clip through at least February.
Supply chain crisis may have caused oil spill
The gridlock of container ships outside the Ports of Los Angeles and Long Beach may have been the cause of a major oil spill off the coast of Orange County, California, according to authorities.
Retail imports surged to historic highs in 2021, bringing port congestion too
U.S. ports will have processed 4 million more TEUs by the end of 2021 than they did in 2020 as retail imports surged despite supply chain delays…
German industrial production slumps on supply chain disruption
German industrial output suffered its steepest drop in August since April last year, due to supply chain disruptions that are holding back growth in Europe’s biggest economy and hitting the auto sector particularly hard, official data showed on Thursday.