China has mandated a strict “zero COVID” policy since the onset of the global pandemic, which has led to tight lockdowns across the country whenever cases have started to spike. Recently, lockdown restrictions have been enacted in major cities like Shenzhen and Shanghai, as China deals with one of its worst outbreaks since Wuhan in December […]
Read MoreNo material impact on blank sailings has yet been observed from the lockdown in Shanghai said Sea-Intelligence. The lockdown in Shanghai differs from the Yantian closure in 2021 as Shanghai port remains open and operational, Sea-Intelligence said, with the “problematic part” being the closed manufacturing sites and warehouses, as well as a reduction in available […]
Read MoreThe outlook on U.S. logistics is grim to say the least. Despite efforts to help ease congestion and increase workflow, the volume that ports, rails, and warehouses are dealing with is unprecedented. The infamous congestion seen at Los Angeles and Long Beach has yet to be dampened, and now the list of nearly impossible ports […]
Read MoreThe Federal Maritime Commission (FMC) has provided an additional 30 days for public comment on the Advance Notice of Proposed Rulemaking (ANPRM) on Demurrage and Detention Billing Requirements. interested parties now have until April 16, 2022 to file comments with the Commission. The Commission initiated the ANPRM to gauge if a new rule governing demurrage and detention […]
Read MoreShenzhen might have got through the worst of another Covid lockdown, but the ripple effects of China’s battle with omicron are seeing ships back up along the nation’s coastline with carriers forced to change schedules to avoid growing congestion issues. Shenzhen came out of a seven-day lockdown yesterday, and while its port workers were allowed […]
Read MoreAverage vessel waiting times for berth and labor have improved significantly at the San Pedro Bay ports of Los Angeles and Long Beach in the past few weeks, halving the number of queueing ships to below 50. Moreover, according to the latest data from the Los Angeles Signal port optimizer platform, the average waiting time at LA […]
Read MoreAs an impact of the Chinese New Year linked import slowdown from China, followed by the latest Covid connected lockdown in various Chinese provinces, and the Russian invasion in Ukraine, Bangladesh’s shipping circle is facing severe equipment shortage. Ship liners fear a further spike of box shortages in the coming weeks as the situation further […]
Read MoreThe global seaborne commodities trading map continues to be redrawn at a blistering pace in the wake of the Russian invasion of Ukraine two weeks ago. Yesterday, the United States announced a ban on Russian oil and other energy imports. “We’re banning all imports of Russian oil and gas and energy,” President Joe Biden said […]
Read MoreThe spectre of blank sailings may be about to return to haunt shippers and forwarders on the Asia-Europe trades, as carrier begin to cancel departures in an effort to restore schedule reliability. Japanese carrier ONE this morning told customers THE Alliance would cancel three sailings on the FE2 and FE3 service departing Asia at the […]
Read MoreVessel capacity and service have been prioritized above price. Retailers and Importers have signed long-term contracts at significantly higher levels in Trans-Pacific Eastbound trades than in previous years, Xeneta reported. Rates have continued to climb the past two months even as contract negotiations continue. “Trans-Pacific contracts are catching up with spot market rates,” Alan Murphy, […]
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