China

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

Container shortage intensifies

Finding an empty container in Shanghai, Ningbo, Yantian or any other major Chinese gateway port, is becoming a major problem, yet again, as Asian container availability is tightening, and purchase and rental costs are soaring, and equipment will become even scarcer as demand builds through May into the peak season.  Continuing and sustained demand for

Ocean Freight Update; On the front line from Asia

Our sea freight ops team continue to perform in a very challenging global ocean freight environment and with global supply chains likely to be under pressure for the rest of the year, they will continue to deliver the highest possible levels of service and performance available with all options being considered. Overcoming operational impacts and

Pandemic impacting Asia’s growth

The sustained threat of US tariffs through 2019 meant that supply chains were diverted away from China to factories in other regional economies. As the Covid-19 pandemic took hold in January 2020, factories closed, inventories fell and supply chains around the world began to stall. With manufacturing reduced in all but essential areas, because of

China overtakes US as EU’s biggest goods trading partner – but for how long ?

China is now the EU’s biggest trading partner, overtaking the US, as volumes of goods grew in both directions, propelled by sustained pandemic demand. As business with Europe’s major partners fell due to the COVID-19 pandemic, trade with China (import and export) was worth €586bn last year, rising €25bn in 2020, compared with €555bn worth

Challenges for shippers, pre and post Chinese New Year

Shanghai and Yantian port disruption, refusal of heavy weight containers onto quay and the serious issue of drivers returning home ahead of CNY, due to Government enforced covid related travel restrictions are bad enough, and now the signs are the shipping lines will do everything possible to maintain elevated rate levels post-CNY. In normal years,

Global shipping; record-breaking congestion

The economic turmoil triggered by the continuing pandemic, has disrupted global container shipping through 2020, with port congestion battering the shipping lines’ schedules and wiping out reliability. Port congestion began in Asia, as the first Coronavirus waves passed last May and factories rushed to ship the orders they had on hand to satisfy pent up

Continuing demand from Asia prompts some unusual responses

The shortage of container ships and record-breaking freight rates has prompted some carriers to come up with new and creative alternatives. The continued demand for sea freight space, that started last May, and the ensuing volume crisis, caused by a shortage of vessel availability and empty containers in key locations globally has prompted some ’creative