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The US has its own supply-chain crisis brewing as dozens of cargo ships remain stuck off the coast of LA as they wait to dock
gkay@businessinsider.com (Grace Kay) 16 hrs ago


© Associated Press Associated Press

28 ships were anchored off the coast of Los Angeles and Long Beach waiting to dock on Thursday.
The California ports are congested and account for about one third of US imports.
The port delays pile on a host of supply-chain issues.
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While the Suez Canal jam may have captured public attention before the cargo ship Ever Given was freed, the US is quietly facing its own supply-chain crisis as dozens of freighters float off the coast of Los Angeles, waiting for dock space to open up.
California ports in Los Angeles and Long Beach account for about one third of US imports. These ports operate as a primary source of imports from China and have been heavily congested for months.
On Thursday, 28 ships were anchored off the coast waiting for a spot to open up to unload at Los Angeles and Long Beach ports, according to data from the Marine Exchange of Southern California.

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More Trouble for Evergreen Suez Canal Ship, Now Being Held Captive
Sebastian Blanco 3 hrs ago

The world cheered when the meme-worthy Evergreen cargo vessel called the Ever Given was freed from the sides of the Suez Canal, but the ship still hasn't left the waters there.
That's because Egyptian authorities, which control the canal, are investigating what happened and have said they will only let the boat go on its way after the ship's owners pay them $1 billion.
There are 25 Indian crew members on board, and the National Union of Seafarers of India has issued a statement saying they should not be held hostage. It appears the workers are being treated well.

The fate of the now-famous Ever Given cargo vessel continues to be newsworthy. While the 1300-foot-long container ship has been freed from its sideways grounding in the Suez Canal, it remains in the canal. The reason, you ask? Egyptian authorities say they want the ship's owners to pay a king's ransom to compensate for the week that the canal was shut down.

Osama Rabie, chairman of the Suez Canal Authority (SCA), said on Egyptian state television this week that the country will hold onto the ship while it investigates what happened and until the ship's owner pay $1 billion. The SCA estimates the losses from the week, ending March 29, that the Ever Given was stuck and blocking other traffic through the canal at $95 million in lost transit fees, and there are also the costs to free the ship and other expenses to reimburse. The Ever Given currently remains inside the Suez Canal, in a wider area called the Great Bitter Lake.
"The vessel will remain here until investigations are complete and compensation is paid," he said, according to the Wall Street Journal."The minute they agree to compensation, the vessel will be allowed to move."
That's a fairly straightforward description of a complicated issue. On board are 25 Indian crew members, and the National Union of Seafarers of India issued a statement that said the SCA and the boat's owners are allowed to investigate, but that these discussions should not create a piracy-like situation.

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