A shipping container shortage that’s left everything from Thai curry to Canadian peas idling in ports may be about to get a whole lot worse as China steps up its precautions on incoming vessels.
While the global economy is reeling from the spreading coronavirus, seaports — which handle a hefty 90% of all world shipping — are a bellwether for trade.
Challenge: In order to meet demands for distribution and service, motor carriers representing beneficial cargo owners (BCOs) required increased visibility into container availability at marine terminals.
In naming new executive director Danny Wan, the Port of Oakland drew from among its ranks — Wan has served for 13 years in a variety of advisory and executive management roles, including port attorney. In this conversation with SupplyChainBrain, he outlines his vision of the port’s future.
The trade war and China’s economic shift made 2018 a tough year for global shipping and will continue to reverberate through the industry, according to the United Nations Conference on Trade and Development.
The region that straddles the Danube in Romania and Bulgaria has made it a bread basket for centuries. But after years of corruption and political upheaval, it’s finally plugged into the world economy thanks to the EU’s open borders and money.
