Container Ship

Record 100 ships waiting offshore at LA ports with cargo

The logjam of cargo, container, and tanker ships trying to access Long Beach and Los Angeles ports has hit a record of 100 vessels as of Monday evening. Another 45 are expected to arrive in the next three days.

‘People Are Panicking Now’: Container Ship Charter Rates “Have Gone Out Of Control”

In a sign of just how frenzied the container market has become, a freight forwarder is reportedly paying $135,000 per day for a short-term charter of the S Santiago, a 15-year-old container ship with a capacity of 5,060 twenty-foot equivalent units (TEUs).

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