US regulator monitoring Asia shipping alliances
The United States Federal Maritime Commission (FMC), the body responsible for the regulation of ocean carriers and intermediaries, is intensifying its monitoring of shipping alliance activity on the trans-Pacific and trans-Atlantic trades.
Citing market fluctuations, the FMC’s regulators are...
Read more Consumer goods boom driving sea freight rates
Reuters report shows how global container shipping rates have surged to record levels due to spikes in restocking demand in the United States and Europe, container scarcity at export hubs, and changes in freight flows because of the coronavirus pandemic.
The Freightos Baltic Global Container I...
Read more Asia container shortage intensifies
The lack of container equipment at Asian origins is so severe that carriers are leaving export cargo on the quay, to ship empty containers back from Europe and the United States.
The container shortages are so acute, particularly at the Chinese ports of Qingdao, Xiamen, Ningbo, and Shanghai, t...
Read more Chinese New Year
The Lunar New Year 2019 or Spring Festival, is the biggest Chinese celebration of the year, taking place 3rd to 9th February, with its usual profound impact on supply chains.
Factories, offices and other workplaces will be closed for the entire week of Chinese New Year, with most Chinese trave...
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