Cargoccino October 10th 2023
Cargoccino is our bi-monthly post for logistics professionals and importers, delivering bite-sized industry news straight to your inbox. Stay informed while enjoying your favorite drink, with updates every 2nd and 4th Tuesday of the month.
Savannah Port Tackles Backlog Amidst Infrastructure Upgrades 🌊🏗️
The Port of Savannah is clearing a backlog of 16 vessels due to recent closures and delays. Delays for East Coast-bound vessels have increased in September, but shippers report minor disruptions. Savannah is investing $4.5 billion in infrastructure to meet future trade growth and stay ahead of market demands.
📌 Source JOC: Read more
Russia Resumes Diesel Exports After Partial Ban Lift 🇷🇺
Russia, a leading global diesel exporter, has restarted diesel exports after easing a recent ban due to falling domestic prices. The ban on gasoline and cross-border diesel supplies remains. This move comes as the country grapples with fuel shortages and high prices, particularly affecting farmers during the harvest season.
📌 Source GCaptain: Read more
Panama Canal Cuts Daily Ship Limit ⚓
The Panama Canal has reduced its daily ship limit from 32 to 31 due to a drought affecting freshwater supply for locks. Typically, it handles 36 to 38 daily ships. Nine NeoPanamax locks and 22 older Panamax locks will be allowed. The Canal Authority ensures a 44-foot draft, essential for 70% of ships. The drought also impacts the freshwater supplies for Panama City, housing half of the country's population.
📌 Source AP News: Read more
Sunset Logistics Shuts Down 🚚😔
Sunset Logistics, operating in Grand Rapids, Michigan, has suddenly closed, leaving around 90 employees without their final paychecks and escrow. Financial struggles dating back to March and personal investments from the owner have been cited as reasons for the closure. The Gainey family, known in the transportation industry, owns the company. As of the publication date, there has been no comment from the company owner, Harvey N. Gainey III. 😔💼
📌 Source Freight Waves: Read more
☕ What is Brewing at BlueCargo? ☕
Great news for our valued BlueCargo customers!
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