Container freight rates including premium service fees continued to escalate this week on trans-Pacific trade lanes from North Asia to North America on the back of widespread restocking by retailers ahead of Lunar New Year beginning Feb. 1, which is marked by operational slowdowns in East Asia. Available empty containers and space on ships leaving .
The premium surcharge, which overstayed in the trans-Pacific route and later in other ex-Asia routes for nearly a year, is expected to continue at least through the first half of 2022 due to firm demand and worsening schedule reliability, despite reports of easing in some regions post China’s Golden Week holiday. “Premiums would most likely .
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 .