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Feeder services between production hubs in South China and export gateways, set to be suspended from mid-December to mid-February, are indications of an early start to the Lunar New Year shutdown in China, sources say. Premature feeder cancellations because of quarantine requirements for vessel crews will put further pressure on the intra-Asia trade, C.H. Robinson ...
All-inclusive trans-Pacific container shipping rates to North America were buoyed in the week to Dec. 17 by a renewed push to restock retail inventories in the period between the calendar year-end and Asia’s Lunar New Year celebrations beginning Feb. 1, which will curb factory and transport operations. The acceptance of premium service fees in additional ...
China has imposed a 14-day lockdown at Zhenhai, one of the six districts in Ningbo, amid an increase in coronavirus infections, prompting concerns of port disruptions and worsening supply chain blockages, market sources said. “Just received an update from our China contacts…Zhenhai district has been locked down due to three positive cases of COVID-19. The ...
All-inclusive trans-Pacific container shipping rates to North America strengthened in the week ended Dec. 3, as shortages of equipment and carrying capacity in North Asia worsened amid steady demand from cargo loaders. Premium rates were offered in a wide range by various shipping lines but were mostly $12,000-$14,000/FEU for shipments from China to the US ...
After navigating choppy waters for more than a year now, market sources fear that despite some signs of a rebalancing in demand and supply, the container industry faces another challenging year in 2022 — with port congestion issues set to remain a major pain point. Although there has been a weakening in spot rates on ...