MARKET BRIEF | November 2021
A BRIEF look at what’s happening in the logistics and shipping industry.
In this Edition:
Christmas Tree Shortage | Port Wait Times Update
Container Dwelling Fee | Largest Wreck Removal in U.S. History
Christmas Tree Shortage | Port Wait Times Update
Container Dwelling Fee | Largest Wreck Removal in U.S. History
CHRISTMAS TREE SHORTAGE
Consumers can expect to pay more for, both, live and artificial Christmas trees this year. Not only will the current supply chain issues play a part, but also extreme weather events in the Pacific Northwest and Midwest United States have adversely affected supply. This not to say that you won’t be able to find a tree that’s “perfect” (despite the bare spot that always seems to appear once you get it home), but you definitely won’t be able to wait until the final days before Christmas to get it. And if you’re not the kind of person who needs the scent of fresh pine permeating through your home, and you opt for an artificial tree, you better order now! Yes, you save money over the long term with such a tree, but it will be subject to the same shipping delays that are affecting most other purchases. For more tips on buying a Christmas tree, visit the American Christmas Tree Association’s website.
PORT WAIT TIMES UPDATE
Issues and challenges continue across prominent ports across the United States. Port congestion, combined with equipment shortages, and labor shortages are contributing factors leading to these current wait times:
CONTAINER DWELLING FEE
As a directive of the Biden-Harris administration’s Supply Chain Disruptions Task Force, an emergency surcharge went into effect November 1, and has been assessed by carriers since November 15. This fee is assessed on all containers dwelling for nine days, or more, for truck moves, and for six days, or more, for rail moves. The fee will be assessed by the Port Authority, Los Angeles and Long Beach.
LARGEST WRECK REMOVAL IN U.S. HISTORY
One of most complex removals of this century has finally been completed. It took more than two years, and three million man-hours, for the remains of the MV Golden Ray carrier to be fully extracted. The vessel capsized on September 8, 2019, in Saint Simons Sound, near the Port of Brunswick, in Georgia. It was carrying 4,100 vehicles as cargo. The capsizing was caused by incorrect stability calculations. The remains of the wreck will be sent to Louisiana to be recycled.
Consumers can expect to pay more for, both, live and artificial Christmas trees this year. Not only will the current supply chain issues play a part, but also extreme weather events in the Pacific Northwest and Midwest United States have adversely affected supply. This not to say that you won’t be able to find a tree that’s “perfect” (despite the bare spot that always seems to appear once you get it home), but you definitely won’t be able to wait until the final days before Christmas to get it. And if you’re not the kind of person who needs the scent of fresh pine permeating through your home, and you opt for an artificial tree, you better order now! Yes, you save money over the long term with such a tree, but it will be subject to the same shipping delays that are affecting most other purchases. For more tips on buying a Christmas tree, visit the American Christmas Tree Association’s website.
PORT WAIT TIMES UPDATE
Issues and challenges continue across prominent ports across the United States. Port congestion, combined with equipment shortages, and labor shortages are contributing factors leading to these current wait times:
- Seattle: 25 days
- Long Beach: 20 days
- Los Angeles: 20 days
- Houston: 2-4 days
- Oakland: 2 days
CONTAINER DWELLING FEE
As a directive of the Biden-Harris administration’s Supply Chain Disruptions Task Force, an emergency surcharge went into effect November 1, and has been assessed by carriers since November 15. This fee is assessed on all containers dwelling for nine days, or more, for truck moves, and for six days, or more, for rail moves. The fee will be assessed by the Port Authority, Los Angeles and Long Beach.
LARGEST WRECK REMOVAL IN U.S. HISTORY
One of most complex removals of this century has finally been completed. It took more than two years, and three million man-hours, for the remains of the MV Golden Ray carrier to be fully extracted. The vessel capsized on September 8, 2019, in Saint Simons Sound, near the Port of Brunswick, in Georgia. It was carrying 4,100 vehicles as cargo. The capsizing was caused by incorrect stability calculations. The remains of the wreck will be sent to Louisiana to be recycled.
For more information on Aeronet Worldwide, visit Aeronet.com.
