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A large container terminal in Ningbo, has halted operations after a dock worker tested positive for coronavirus, adding strain to an already stretched logistics chain.
Analysts warn that if the infection spreads to other terminals in the port of Ningbo, it could spell disaster for the global supply chain. They cite the recent Yantian crisis, when the incidence of …
Shanghai International Port Group and several mainline operators have launched a center to co-ordinate the transport of empty containers from Shanghai port.
Opening of Shanghai Port North-east Asia Empty Container Dispatching Centre on August 10th is an effort to relieve the equipment crunch by expediting the turnover of empty containers in the world’s busiest container port.
The slow return …
The National Retail Federation is calling for the start of peak season to kick off with a bang. The group sees imports to the nation’s largest retail container ports increasing 12.6% year-over-year in August to 2.37 million TEUs, ahead of the recent monthly record established in May of 2.33 million.
“August is the beginning of the ‘peak season,’ when …
The air freight market is entering the next phase of the never-ending peak, with intense demand resuming this month – driven largely by increasing e-commerce B2C traffic, strong growth in B2B intermediate goods, and low retail inventory-to-sales ratios.
Air freight’s agility and speed make it a ‘go-to’ mode for e-commerce brands. Air freight will need to heavily support e-commerce …
Having declined on a sequential basis in June versus May, July saw air freight rates rise again on major intercontinental lanes in anticipation of a healthy holiday peak, according to the latest analysis based on data from the Baltic Air Freight Index.
A cooling in rates was likely to be short-lived, and as we see a re-acceleration, particularly on …
Dry freight shipping container prices have skyrocketed in a year to reach record highs, but will decrease in the next years, according to Drewry’s newly released annual review and forecasts.
Consumer demand is just one factor contributing to the container shortage. Congestion also has a significant inflence since it ties up equipment. Overcrowded supply chains are very inconvenient for …
A 46% higher average freight rate was the main factor driving Hapag-Lloyd’s increased revenues in the first half of 2021.
The carrier says the freight rate development was the result of high demand combined with scarce transport capacities and severe infrastructural bottlenecks.
Revenues increased in the first half year of 2021 by approximately 51%. “In a market with very …
US retailers and manufacturers in search of additional warehouse space in major seaport and inland hubs are out of luck as distribution centers are quickly filling to capacity with peak-season imports already flooding into the country.
Marine terminal operators at the ports of LA and LB are especially concerned about conditions in the 1.8 billion square feet of warehouse …
Bangladesh update:
· The country is set to relax most of the ongoing restrictions on public movement and gathering across the country as of 11th August
· The nationwide strict lockdown will not be extended past its current deadline
· All offices, banks, financial institutions, and markets will reopen while maintaining the safety protocols
· All factories will …