Freight News: Week of July 3rd, 2024

Congestion at Major European Ports?

Ocean carrier Cosco announced a new congestion related fee at several major European ports, due to “the current handling situation in the ports and the availability of infrastructure are leading to considerable restrictions.”

The fee, per Cosco, relates to any shipments to and from the ports of Hamburg, Bremerhaven, Wilhelmshaven, Rotterdam and Antwerp.

Additionally, ocean carrier CMA CGM has added extra capacity on major transits from China to Europe during the summer months. This includes seven additional TEU vessels on the China to Northern Europe and Mediterranean route, per ShippingWatch.

Total Daily Transits in the Panama Canal Up to 35 Starting Early August

More good news for the Panama Canal: Starting August 5th, the total number of transits will be at 35 per day.

Back in May total daily transits were at 24 but on June 1st, the Panama Canal Authority announced another increase with the total number of daily transits increasing to 32.

Then, starting July 11th that number will increase to 33 and up to 34 daily transits starting July 22nd.


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