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COVID-19 Latest Updates

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COVID-19 Latest UpdatesFreight Market Update
June 23, 2022

Airfreight Volume Surge Causes Worry Among Forwarders, Flight Cancellations Rise Amid Weather Issues and Staffing Shortages, President Biden Signs New OSRA Into Law.

Ocean World’s largest cargo ship arrives in UK. The world's largest cargo ship, the Ever…
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COVID-19 Latest Updates
June 16, 2022

House Passes Ocean Shipping Reform Act, U.S. Ready to Ban Imports from Xinjiang, 29 Truck Manufacturers Facing Recall Over Steering Loss.

Ocean Dry-bulk shipping spot rates drop. Spot rates dropped in the past week across dry…
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COVID-19 Latest Updates
June 9, 2022

U.S. Port Queue Numbers Remain Down from Highs, Federal Maritime Commission Wants More Oversight for Container Shipping Industry, New Aluminum Import Monitoring Requirements Start June 29.

Ocean Federal Maritime Commission wants more oversight for container shipping industry. The U.S. Federal Maritime…
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COVID-19 Latest Updates
June 2, 2022

Shippers Frustrated with Trailer Shortage, Delta Expects Revenue to Return to Pre-Pandemic Levels, Shanghai to Begin Lifting Lockdown Measures.

Ocean Supply chain challenges caused by Chinese lockdowns continue. Container demand is exceeding capacity and…
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COVID-19 Latest Updates
May 26, 2022

Rio Tinto and BP Agree to Year-Long Trial of Biofuels, Environmental Groups Petition for Ban on LNG Delivery by Rail, Transatlantic Airfreight Rates Falling as Airlines Ramp Up Passenger Flights.

Ocean Rio Tinto and BP agree to year-long trial of biofuels. The results of what…
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COVID-19 Latest Updates
May 19, 2022

Defense Production Act Invoked in Light of Formula Shortage, Biden Administration Temporarily Suspends 232 Tariffs on Ukraine Steel, Canadian West Coast Ports Can’t Handle U.S. Cargo Spillover

Ocean Container shipping indexes in Asia-U.S. down around 20%-30% from peaks. Shipping rates are continuing…
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COVID-19 Latest Updates
May 12, 2022

Ocean Shipping Industry Requesting Overhaul on Emission Directives, CPSC Unveils E-Filing Plans During NCBFAA Conference, Surface Transportation Board Wants Improvement Updates from Class I Railroads

Ocean Ocean shipping industry requesting overhaul on emission directives. Bloomberg reports that the World Shipping…
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COVID-19 Latest Updates
May 5, 2022

California Ports Brace for Another Cargo Surge, Price of Diesel at All-Time High, Maersk Stopping all Vessel Operations in Russia and Belarus.

Ocean FMC advised to expand oversight of demurrage fees to include excessive dwell fees. JOC.com…
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COVID-19 Latest Updates
April 28, 2022

Strike-authorization Ballot to be Voted on by Alaska Airlines Pilots, Transportation Companies Pledge Aid to Ukraine, Cummins Files for Filtration Business IPO.

Ocean Environmentally friendly cargo ship in the works. SailCargo INC is developing a fleet of…
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COVID-19 Latest Updates
April 21, 2022

Georgia Governor Declares Supply Chain State of Emergency, Airlines Drop Mask Mandate After Federal Judge Ruling, Biden Administration Requires U.S. Produced Materials Be Used for Infrastructure Projects

Ocean Chinese lockdowns may have lasting impacts on supply chain disruptions. The spread of COVID…
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