China

China factories closed by power cuts

The Chinese government has implemented strict controls on the use of electricity that will seriously affect production in factories across ten critical provinces and could see US$120 billion of trade flows delayed. With severe disruption throughout the supply chain from China, this adds a new headache for manufacturers of products that are being exported globally

September Update: Air cargo under serious and sustained pressure – and it has only just begun….

Industry data released today shows that international demand for air cargo capacity versus a shortfall in supply pushed average global air cargo rates up 112% beyond their pre-COVID level, as lockdown in Vietnam and the closure of cargo handling terminals at Shanghai highlighted the fragility of Asia supply chains.  Dhaka in Bangladesh is also very

Global air freight market and situation update

Peak Season for air cargo traditionally arrives in the latter half of September. It’s predictable although always a pain to negotiate and ensure that product, raw materials and components are available for the busy back end of the year, including the traditional retail festive season. This year air freight has become an essential mode earlier

Global vessel congestion and schedule delays grows further after Ningbo closure

Just two weeks since the Ningbo-Zhoushan containers terminal closed after a worker tested positive for COVID-19 and container port congestion has spread across China and many other regions. Data from consultancy eeSea highlights how global container port congestion has grown over the past fortnight in China and neighbouring nations, yet has momentarily eased in Europe. Not unsurprising

Ningbo container terminal to reopen

Ningbo Meidong Container Terminal will open tomorrow, having suspended all operations early last Wednesday morning after a port worker tested positive for COVID-19. Local sources now advise that the Meishan Island container terminal will restart operations from 18th August. Despite the Ningbo port authority claiming that it had been able to work at 90% capacity

Shippers go out of business as ocean surcharges continue to mount

Container shipping lines are becoming ever more inventive with the names they apply to the surcharges they keep adding to already over-loaded FAK rates. The latest example is Hapag-Lloyd’s ‘value-added surcharge’ of $5,000 per 40ft, from China to the US and Canada. The carrier told customers the new surcharge was due to “extraordinary demand from China and the

Sea Freight market update and Q3 Rates

We are in a new world of shipping. There have been spikes in demand and freight rates before, but never for such a long time and never on such a continuously upward trajectory. The challenges we face are unique. Even with demand levels increasing on the most popular trades, equipment availability continues to be an

Air cargo gains momentum from rising prices in ocean shipping

The record-breaking sea freight rates, driven by restricted volumes, equipment availability and service disruption is pushing increasing quantities of ‘distressed’ ocean cargo to air freight solutions. Metro have advised and updated regularly on the dynamic air freight market, which has restricted lifting capacity through the grounding of passenger aircraft and increased costs as carriers rely