China

Sea freight rates continue rise

Monitored ocean Freight all Kinds (FAK) rates rose yet again this week from their already record-high levels, across all major East-West trades, up 518% on their level a year ago into Northern Europe and expected to remain on the higher side due to port congestion, huge demand and lack of equipment availability. Shippers from Asia are bracing for imminent General Rate Increases

Carriers skipping congestion hit China ports

As Yantian announces further reductions in container gate-in times, to try and alleviate congestion, shipping lines are skipping calls at Chinese ports, with the mission to improve schedule reliability and equipment availability. The partial shutdown of Yantian International Container Terminal (YICT) last week is a stark reminder of the impact that local COVID-19 outbreaks can have, with

Why Sea/Air is the smart choice from Asia

The global freight market continues to present challenging circumstances wherever you are shipping, by whatever mode you have chosen and on whatever trade lanes that you are operating. It is a global situation which has worsened over the last 12 months from famine to feast from a carrier perspective – so they can consider it has

Start your Christmas shipping planning right now – do not delay

Retail sales and consumer demand are still outpacing attempts to build inventory and despite the massive boom in imports, the inability to create inventory is likely to continue all year for many commodities and finished goods. So, if you want stocked shelves this Christmas, it’s time to start planning your shipping schedule, or you may find your

Yantian Port halts entry for export containers

Restrictions have been announced after an ongoing coronavirus outbreak in the port area since last week, with areas suspended from operation for cleaning and disinfection, while high storage density has built up in the terminal. We have been informed by our colleagues in China today, 25th May, that Yantian International Container Terminal (YICT) has announced

Unlucky ‘spot’ shippers faced with rate hikes to get cargo shipped

Spot market shippers have seen continued rate spikes this week and the shipping lines are preparing for further rate elevation, as excess demand leads to cargo-rolling increases at many origin and transhipment ports. Shippers using the spot market for consignments from Asia to Europe over the last few weeks saw a further spike in container spot rates, according to indexes that track the

Ocean capacity and equipment challenges continue globally

Container shipping rates from China to the US and Europe continue to rise, as reduced capacity, high consumer demand and equipment shortages across China and Southeast Asia escalate. While container freight rate increases on the transpacific trade from Asia have outstripped increases to Northern Europe over the last year – almost double on some routes – the rate level increases are driven

China export’s soar but factory prices rise

China’s exports have surged, driven by post-lockdown demand from the US and Europe, while factory gate pricing has risen at the steepest rate for more than three years. China’s economy grew 18.3% in the first quarter of 2021 compared to the same quarter in 2020, in its biggest GDP jump since China started keeping records in