Record shattered: 65 container ships stuck waiting off California
There were an all-time-high 65 container ships in the queue in San Pedro Bay on Thursday, according to the Marine Exchange of Southern California. Of those, a record 23 were forced to drift because anchorages were full.
Big Lots plans ‘bypass network’ to mitigate port congestion during peak season
Big Lots is setting up a “pop-up” DC bypass network in Q3 and Q4 to help process its holiday imports and ship them direct to store, CEO Bruce Thorn said during the company’s Q2 earnings call.
FMC announces 2 initiatives related to detention, demurrage and compliance
The Federal Maritime Commission voted on Wednesday to move forward with two initiatives related to demurrage and detention, according to a press release. The first initiative aims to provide guidance on complaint proceedings and protection against carrier retaliation. The second initiative will issue an Advance Notice of Proposed Rulemaking, which will seek public comment on how carriers should divulge information and practices on detention and demurrage.
Shipping insiders caution against new capacity as prices surge
Shipowners and financiers should avoid sinking money into new container vessels despite a global crunch because record orders have driven up prices, according to industry insiders.
LA/LB ports to test expanded night, weekend hours
Facing an unprecedented shipping crisis, the ports of Los Angeles and Long Beach on Friday announced their intent to extend operating hours at truck gates in an effort to reduce a massive backlog of containers gumming up retail, manufacturing and agricultural supply chains.