Container Shipping: Tables Have Turned at TPM 2023
By Mike Wackett in Long Beach (The Loadstar) – One year ago, there were more than 100 ships waiting outside the ports of Los Angeles and Long Beach, loaded to the gunnels with imports from Asia. With premium fees, shippers were paying up to $20,0…
By Mike Wackett in Long Beach (The Loadstar) – One year ago, there were more than 100 ships waiting outside the ports of Los Angeles and Long Beach, loaded to the gunnels with imports from Asia. With premium fees, shippers were paying up to $20,000 to ship a 40ft container from China to the US west coast. Just 12 months later, as the annual JOC TPM Conference at Long Beach gets into gear, there are very few containerships to be seen in the San Pedro Bay, and those that are discharging at LA/LB terminals came straight to a berth. Moreover, much of the...