![]() It was overtaken first in 2004 by the port of Singapore, and since then by Shanghai and other very large Chinese seaports. ![]() From 1962 until 2004, it was the world's busiest port by annual cargo tonnage. The Port of Rotterdam is the largest seaport in Europe, and the world's largest seaport outside of East Asia, located in and near the city of Rotterdam, in the province of South Holland in the Netherlands. "We are continuing to see consistent increases in storage rates all over the U.S., with the exception of the southeast, which would indicate capacity is still tight across nearly all regions."ĬNBC Supply Chain Heat Map data providers are artificial intelligence and predictive analytics company Everstream Analytics global freight booking platform Freightos, creator of the Freightos Baltic Dry Index logistics provider OL USA supply chain intelligence platform FreightWaves supply chain platform Blume Global third-party logistics provider Orient Star Group global maritime analytics provider MarineTraffic maritime visibility data company Project44 maritime transport data company MDS Transmodal UK ocean and air freight rate benchmarking and market analytics platform Xeneta leading provider of research and analysis Sea-Intelligence ApS Crane Worldwide Logistics DHL Global Forwarding freight logistics provider Seko Logistics Planet, provider of global, daily satellite imagery and geospatial solutions, and ITS Logistics provides port and rail drayage services in 22 coastal ports and 30 rail ramps throughout North America.51★3′06″N 4☁7′12″E / 51.8850°N 4.2867☎ / 51.8850 4.2867 inventories could be impactedLooking ahead at manufacturing orders and if there will be any increase in the near future, Baer told CNBC that "Transpacific to East Coast port volume will remain under pressure until companies reach a balance between existing inventory levels and their expected sales rate."ĭata from WarehouseQuote shows inventories are still at an all-time high "We are still seeing an extremely tight market with limited and industrial capacity nationwide," said Jordan Brunk, chief marketing officer for WarehouseQuote. "The spike in Covid-19 infection rates and the lack of clarity around worker availability to process and manufacture orders has reduced reliability."Īccording to the HLS report, Ningbo was expected to have peak infections this week. "The reliability of exports out of China has decreased," said Mark Baxa, CEO of the Council of Supply Chain Management Professionals (CSCMP). It took the city until mid-June to reopen after two failed attempts. The record congestion was a result of the Covid lockdowns that started on March 28th. "The container dwell (wait time) in Shanghai has begun to rise as a result of soaring Covid-19 rates," said Adam Compain, senior vice president of Global Product Marketing at Project44, "These times are expected to continue to rise as cases increase and Chinese New Year causes seasonal delays." Project44 container wait time data out of the Port of Shanghai shows delays as well. "Also, the congestion in Ningbo and Qingdao is rising as well, with 273,471 TEUs and 277,467 TEUs, respectively. "While China has recently removed its zero-Covid restrictions, the congestion in Shanghai seems to have risen as MarineTraffic data shows that during the first week of 2023 that the average vessel TEU (twenty-foot equivalent unit) capacity waiting out of port limits was 321,989 TEUs, which is the highest amount recorded since April 2022," said Alex Charvalias, Supply Chain In-Transit Visibility Lead at MarineTraffic. Three major ports across China are experiencing supply chain delivery problems because of Covid, according to the note.įor the Port of Shanghai, the world's number one container port, the report warned that "Cancellations are increasing as many factories can't operate properly due to a lot of workers getting infected with Covid." ![]() ![]() HLS also noted that "All indications that the Chinese cities are experiencing infection peaks is based on the surge of infected family members, friends, and colleagues, the long lines at the fever clinics at hospitals across the country." We expect a very soft volume after the Lunar New Year because a lot of factories have slowed production due to the increasing infection, and have to cancel or delay the bookings for the 2 nd half of January and also early February." "The container pickup, loading, and drayage (trucking) are also affected as all businesses are facing the impacts of COVID. "With 1/2 or even 3/4 labor force being infected and not able to work, many China manufacturers can not operate properly but produce less than their optimal outputs," Hong Kong-based shipping firm HLS wrote in a note to clients. Personal Loans for 670 Credit Score or Lower Personal Loans for 580 Credit Score or Lower Best Debt Consolidation Loans for Bad Credit ![]()
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