Port Congestion No End in Sight
A week past the Chinese New Year peak and exports are still at record highs.
A week past the Chinese New Year peak and exports are still at record highs.
Even Chinese New Year didn’t slow down Asian exports, putting upward pressure on freight rates.
The World Trade Organization has chosen Nigeria’s former finance minister Ngozi Okonjo-Iweala as its new leader, handing her the task
E-commerce growth is the catalyst needed for drive infrastruction improvement; Air cargo rates ex-Asia breaking new records; Brands are wary about Myanmar’s coup – and more
Ocean rates hit a ceiling, while port congestion worsens.
Despite their best efforts, ocean carriers are stymied as they try to cope with a relentless surge in demand.
The UK is making a bold move to ramp up free trade agreements with key markets.
Ocean containers seeing less severe shortages, but strong demand is keeping rates at record highs.
An extended ‘peak season’ causing serious delays out of Asia – with no end in sight.
Shortages of equipment, backed up ports and export imbalances have made it impossible for lower margin goods to ship.
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Freight rates hit new highs on all trade routes due to extreme equipment shortages.
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