Prolonged factory shutdowns following coronavirus pandemic outbreaks in China have stoked concerns of escalating port congestion and supply chain backlogs, sources said. Shanghai, among other regions in China, is under a lockdown with strict testing and checking protocols, resulting in disrupted trucking activity and strained port operations. While lockdown protocols have been largely lifted in .
All-inclusive container shipping rates from North Asia to North America held steady in the week to Feb. 25, but shipping lines were more bullish as cargo loading in China ramped up towards the end of the month. Space on ships was still sometimes available from North Asia on a Freight All Kinds Basis, assessed by .
All-inclusive container rates out of Asian production hubs held their balance at a significant discount to previous highs seen in the December and January loading period as demand for cargo faltered on limited production capacity during the Lunar New Year holiday period. “Premiums skyrocketed before Lunar New Year, now have decreased a bit,” a US-based .
Sources say that all-inclusive rates for trans-Pacific sailings in the March loading period have edged dropped significantly from pre-Lunar New Year bookings. The shipper demand and Asian output picture for late February are still unclear, as a longer-than-normal holiday period, coinciding with the Beijing Olympics, could result in a slowdown in Asian exports. During the .
All-inclusive container shipping rates from North Asia to North America held steady in the week to Jan. 21 as cancelled sailings to counterbalance a pocket of weaker demand around February’s Lunar New Year holiday in Asia kept carrying capacity in short supply. There were some discounted rates available from Chinese forwarders eager to fill space .