project44
The project44 supply chain visibility platform has received a $420 million investment from a syndicate led by Thoma Bravo, TPG and Goldman Sachs Asset Management. It will be used to support the company’s strategic acquisition program and product development.
Combined with $202 million equity funding in May of 2021, project44 says it has set a funding record for Logistics Tech enterprise software as a service companies. The company now generates more ...
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Dwell times at major Shenzhen ports remain disruptively high, despite trending downward in recent days with the Port of Yantian at full capacity again, reported shipping analysts project 44 on 6 July.
It said that disruptions related to China’s Covid quarantine efforts could extend well into the year, potentially affecting Christmas shipments.
Last month, Chinese ...
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The situation at China’s port of Yantian, where operations have been hit by a Covid outbreak, “is not looking particularly good” reports supply chain visibility specialist, Project44.
Between 1 and 15 June, 298 container vessels with a combined total capacity of over 3m teu skipped the port, a 300% increase in ...
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Delays at the Yantian Port in Shenzhen in southern China, have been worsening over the last week due to a Covid outbreak, reports liner visibility firm Project44. The port is expected to remain congested throughout the month, it says.
Project44 adds that the outbreak continues to spread as authorities in Guangzhou, ...
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Carriers are canceling sailings well into the summer, indicating that under capacity will remain a headache for the foreseeable future, says shipping analyst Project44.
It adds that among the three major alliances, there is a significant variance in blank sailing rates, with certain carriers like HMM skipping ports more often than ...
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With delayed ships now on their way following the Suez Canal incident, cumulative delays are at 1,017 days, threatening to swamp ports with bottlenecked cargo for weeks to come, says visibility platform Project44. Some 1.9 million teu of capacity is involved in the incident.
In Rotterdam, 15 ships representing 196,600 teu ...
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Some 34 container vessels are either immobilized in the Suez canal behind the grounded Ever Given or en route to the zone, totalling 379,200teu of capacity, says the Project44 shipper visibility platform.
It added that, with more than 50 ships passing through the canal on any given day, “the congestion is ...
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