Items Tagged with 'Port of Long Beach'

With the Covid-19 shipping boom fading into history, the maritime community faces a new crisis: slumping demand and plummeting rates.

Containership lines racked up record profits in 2021. Entering the second half of 2022, protecting those margins is job one, but as demand eases, a softer market may have other ideas. For the nation’s ports, congestion once again may raise its ugly head as the 2022 peak season swings into full gear. 

An inexorable march of containerships arriving from Asia has stressed U.S. ports like never before, resulting in record peak-season cargo volumes. As the surge rolls on into 2022, what does the recovery roadmap look like?

Initiative would shift inventory to Utah for inland transport, following other plans to charge carriers for slow box moves, stack containers in higher piles, and run ports 24/7.

A year ago, maritime operators were laying up ships and canceling sailings. By the close of 2020, ship lines were awash with freight, swamping U.S. ports. What’s next?