U&I Logistics - January import volumes at the ten largest US container ports fell 17.9% against the record throughput of January last year, with the biggest declines at west coast ports.
U&I Logistics - The average contract cost to ship a container from China to the U.S. West Coast fell from $8,607 last April to $2,618 in February.
U&I Logistics - Port of Hamburg has reported lower cargo figures for the first nine months of the year, compared with the same period in 2021.
U&I Logistics - On top of falling freight rates, data shows container depots — used to house containers after they are unloaded — are now filling up or full. It points to more signs of falling global demand and an impending economic slowdown.
U&I Logistics - Spot container freight rates on the largest deepsea trades rebounded this week, despite continuing weak demand.
According to new port data obtained, the flow of containers in and out of major Indian ports is slowing down amid the downturn in export trade.
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The Port of New York and New Jersey announced new tariffs related to empty containers and export volumes to reduce container congestion.
Total container throughput of China's ports will continue to grow this year, giving support to the country's foreign trade and global supply chain operations, according to a report released on Tuesday.
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The constant and high demand for transportation from supply chains has created pressure on major ports where cargo and containers are congested.
