March 2021

Jump in US containerized imports from Asia to extend port congestion: Demand for Chinese imports likely to put pressure on container rates

Containerized imports to the US from Asia jumped by 28.6 percent year over year in February 2021 according to the latest data from PIERS by IHS Markit. This is the seventh consecutive monthly double-digit rise with over 1,347000 TEU (twenty-foot equiva…

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Shipping companies in ‘impossible position’ as proof of seafarer vaccinations poses legal minefield

The International Chamber of Shipping (ICS) has warned that lack of access to vaccinations for seafarers is placing shipping in a ‘legal minefield’, while leaving global supply chains vulnerable. A legal document due to be circulated to the global ship…

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