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Asia’s export trades are as challenging today as they were during the pandemic, with extremely tight vessel space, equipment shortages, and port congestion leading to a surge in spot rates, which analysts forecast could reach stratospheric levels. Vessel schedule reliability from
Sea freight spot rates ex-Asia to both North Europe and the Mediterranean have fallen again, prompting carriers into last-minute cancelled sailings, while they are being hit by a huge spike in fuel costs. Container shipping lines across the three alliances
Despite the apparent lack of a traditional peak season, excess capacity and new container ships queuing up to join the trade, Maersk has announced a massive rate increase, with other lines following in their wake. Traditionally, at this point in the
Last Sunday, the 22nd January, marked the start of the Lunar New Year holidays, with factories and most other parts of Chinese society closing down for at least a week and typically two, causing a pause in exports leaving the
All importers are required to comply with the Uyghur Forced Labor Prevention Act, which came into effect on the 21st June 2022, with the requirement to submit China postal codes, to prove that goods have not come from the Uyghur
After achieving three consecutive days with no new COVID-19 cases, Shanghai is resuming outdoor activities in stages, but with most restrictions on movement remaining in place until 21st May 21, after which public transport and other services will resume, with
After a week of partial closure, Shanghai now faces full lockdown while Puxi’s lockdown, in the west of the city begins today, with residential areas where people have tested positive sealed off for an additional 10 days. The city said
China’s most populous city and its financial hub, is implementing a city-wide lockdown, after battling a new wave of COVID-19 outbreaks for nearly a month. In the following nine days, Shanghai will be locked down in two stages, with the
Shipping lines are considering schedule adjustments as the Chinese city of Shenzhen begins lockdown, until Sunday, at the earliest and Shanghai Pudong airport closes to to inbound passenger flights. Authorities in Langfang, which borders Beijing and Dongguan, in Guangdong prvince, have
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