Coronavirus

Yantian port disruption widens with global ripple effects

While some container shipping lines will continue calling at Yantian, other carriers have already diverted ships as the port’s operations have deteriorated, with Maersk warning that delays are now expected to last two weeks. The Yantian congestion is yet another disruption to global shipping still reeling from the impact of the Suez Canal blocking in

Sea freight rates continue rise

Monitored ocean Freight all Kinds (FAK) rates rose yet again this week from their already record-high levels, across all major East-West trades, up 518% on their level a year ago into Northern Europe and expected to remain on the higher side due to port congestion, huge demand and lack of equipment availability. Shippers from Asia are bracing for imminent General Rate Increases

Air Freight Market Update; 20th May 2021

Asia’s economic bounce back continues to show strong growth, driven by new manufacturing orders and the ensuing increase in export sales, which is putting more pressure on supply chains, leading to increased lead times, shortages of aircraft space and rising prices. Purchasing managers data is showing the largest price increases in a decade, in the

Ocean capacity and equipment challenges continue globally

Container shipping rates from China to the US and Europe continue to rise, as reduced capacity, high consumer demand and equipment shortages across China and Southeast Asia escalate. While container freight rate increases on the transpacific trade from Asia have outstripped increases to Northern Europe over the last year – almost double on some routes – the rate level increases are driven

China export’s soar but factory prices rise

China’s exports have surged, driven by post-lockdown demand from the US and Europe, while factory gate pricing has risen at the steepest rate for more than three years. China’s economy grew 18.3% in the first quarter of 2021 compared to the same quarter in 2020, in its biggest GDP jump since China started keeping records in

Container shortage intensifies

Finding an empty container in Shanghai, Ningbo, Yantian or any other major Chinese gateway port, is becoming a major problem, yet again, as Asian container availability is tightening, and purchase and rental costs are soaring, and equipment will become even scarcer as demand builds through May into the peak season.  Continuing and sustained demand for