Trade Updates | Member Contribution

The following is provided by AIV member A.N Deringer

Conditions in the Panama and Suez Canals: May drive more US-bound cargo ships from Asia to West Coast ports

The Panama Canal is currently under drought restriction, which has caused an implementation of surcharges which has increased pricing on Asia–US East Coast routings by several hundred dollars per FEU. Meanwhile, a Hapag-Lloyd vessel in the Red Sea was struck by a missile, following a near-miss of a Maersk ship in the same area last week, according to the Journal of Commerce.

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A.N. Deringer, Inc. is a leading provider of international logistics services including Freight Forwarding, Warehousing & Distribution, Customs Brokerage, Logistics Consulting, Cargo Insurance, and Meat Inspection. Deringer combines over 30 US offices with a global agency network to facilitate the movement of cargo throughout the world.