X-Press Feeders has launched a new Panama Venezuela X-Press (PVX) service connecting Manzanillo (Pan), Cartagena, La Guaira, Puerto Cabello, Manzanillo (Pan) from 15 November 2023 with the 2,526 teu CALLIOPE. The service turns in 14 days with a fortnightly frequency initially using 1 ship.
Container port congestion remained steady over the past week, with the total capacity tied up at anchorages at 1.7m teu or 6.4% of the fleet. There has been no significant changes across the 3 main regions of North Asia, North America and Europe with the congestion situation remaining steady throughout the past week. The resolution of the ILWU contract negotiations is expected to see further improvements across the US West Coast ports but the threat of a strike across the border remains as th
Mexico has been a key beneficiary of the container traffic boom in the last 2 years where Mexican ports have enjoyed a significant spillover of North American cargo demand