Inflation considered biggest risk for shipping industry in 2023
Supply Chain88 per cent of shipping companies see inflation as the biggest hindrance for businesses in 2023. Other fears are the implications of war, the impact of Covid in China and strikes.Read more
Lockdowns in China put even more strain on the supply chain at a critical time
China’s zero Covid policy, meaning the enforcement of lockdowns even with the slightest increase of corona cases, will probably have a long-term impact on the supply chain. As a result, container availability will decrease, and...Read moreContainer rates plunge just in time for Christmas
The average price for a 40-foot high cube container in China has decreased by 22 per cent. The reduced price comes at a critical time, between China’s Golden Week holiday and Christmas. Before that, container...Read more
Suez blockage ‘only aggravated’ container imbalance in EU ports
For European port hubs, the Suez Canal disturbance proved to be less impactful than expected. Nevertheless, container imbalances between imports and exports are still going strong, causing many issues to shippers. In fact, a survey...Read more