26 Mar 2022

Shipping Group Warns of More Supply Chain Disruption if Free Movement of Ukrainian and Russian Seafarers is Impeded

The International Chamber of Shipping is calling on shipping stakeholders and governments to help prevent Russian and Ukrainian seafarers from becoming ‘collateral damage’ in the conflict between Russia and Ukraine. According to a 2021 report published by BIMCO and ICS, there are 1.89 million seafarers operating over 74,000 vessels in the global merchant fleet. The report estimates that 10.5% […]

Read More
19 Mar 2022

Zero Covid lockdowns to cause greater damage to China’s supply chain than the Russia-Ukraine crisis

After two weeks since Russia’s invasion of Ukraine, there seems to be a negligible impact on the container prices and leasing rates in China. Container availability has improved soon after the Chinese New Year until Friday across key ports in China. However, with the announcement of nationwide lockdowns, the supply chain must prepare for another […]

Read More
18 Mar 2022

Maersk Subpoenaed in U.S. Department of Justice Probe of Ocean Carriers

Danish shipping giant Maersk has confirmed that it has been subpoenaed by the U.S. Department of Justice related to ongoing investigations into ocean carriers and supply chains disruptions. The subpoena, which has not been confirmed publicly by the DOJ, comes as the Biden Administration is ramping up pressure on international ocean carriers and shipping alliances that the […]

Read More
11 Mar 2022

Return of blanked Asia-Europe sailings as carriers bid to get back on schedule

The 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 More