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Imbalance in productivity between Asia and the US causing congestion

Thursday Mar 4th 2021

“Low US productivity compared to Asia where factories and logistics companies, including ports, work 24 hours a day compared to their counterparts in the US is causing the backlog of cargo in Southern California.” See the original story at Container News. Source: Container News (JK)

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Maersk Eindhoven sets course for LA

Thursday Mar 4th 2021

“The Maersk Eindhoven set sail for the US on 2 March, following a stack collapse that saw 260 boxes lost on 17 February, which saw the ship divert to Yokohama Port for repairs and to discharge damaged boxes.” See the original story at Container News. Source: Container News (JK)

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Seaspan buys two ULCV’s on a charter with a major line

Thursday Mar 4th 2021

“Seaspan Corporation (Seaspan) has entered into an agreement to acquire two 15,000TEU scrubber-fitted container ships on long-term charter with a global liner.” See the original story at Container News. Source: Container News (JK)

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Wan Hai buys another ship from CMB

Thursday Mar 4th 2021

“Wan Hai has purchased its 11th ship since earmarking US$360 million to buy second-hand ships. The Panamax vessel was bought from CMB for US$21 million.” See the original story at Container News. Source: Container News (JK)

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