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 […]

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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 […]

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17 Mar 2022

Equipment shortage flares up in Bangladesh amid Chinese lockdown and Russian war

As 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 […]

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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 […]

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09 Mar 2022

Demand and Congestion Drive Up Trans-Pacific Contract Rates

Vessel 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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08 Mar 2022

Hong Kong air cargo hit by massive reduction in trucking from mainland

The southern China air freight market has changed “dramatically” as Covid rages in Hong Kong, severely impacting the local trucking market to and from the mainland. Forwarders estimate there is a 70% cut in truck capacity, further diminishing Hong Kong’s air export market. “Cross-border trucking has been impacted a lot, mainly due to truckers being […]

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07 Mar 2022

Russia-Ukraine Sanctions

Western nations, including the United States, the United Kingdom and European Union along with Japan, Australia, Switzerland, New Zealand and Canada have imposed what they describe as “strong” and “severe” sanctions on Russia, following Moscow’s invasion of Ukraine. The new restrictions – which focus on additional individuals being added to watchlists, expanded export controls (especially […]

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