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Posts tagged “China Imports”

 
Yantian ‘resumes full operations’ 
 
China’s key southern container port of Yantian is expected to return to full operations today following several weeks of partial closure – although it will take weeks or even months to clear backlogs of cargo, freight sources warn, especially as peak season approaches. 
 
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Port congestion and rising demand forces carriers into schedule adjustments 
 
Increased demand and worsening port congestion in Asia is forcing the east-west alliance carriers to temporarily adjust their liner service networks. 
 
With long waits for berths on the US west coast and at several North European ports, attempts by shipping lines to recover a vessel’s schedule are being thwarted. 
 
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Ocean freight spot rates rise further 
 
Ocean freight spot rates on major East-West trades have seen further significant rises this week, including double-digit percentage rises on some transpacific and transatlantic lanes, the latest data from Drewry reveals, with further rises expected this week. 
 
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Yantian ‘contagion’ will spread around the world 
 
Long-suffering cargo owners face another wave of pain as the terminal congestion from the coronavirus outbreak in southern China threatens to ripple around the world. 
 
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Asia-North Europe ocean rates 'jump' further 
 
Aside from another “jump” in Asia-North Europe ocean rates, which spiked 15% and US$500 past the US$10,000/FEU mark this week, prices stayed level on most major lanes, according to the latest international freight update published by digital rates specialist Freightos, which incorporates the Freightos Baltic Index (FBX). 
 
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Mid-value products ‘getting priced out’ of ocean freight 
 
A number of significant lower-value commodities such as furniture and large electrical and electronic appliances are becoming ‘priced out’ of major intercontinental ocean freight markets because of the elevated freight rates facing importers currently, new analysis by Sea-Intelligence has revealed. 
 
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Yantian Port halts entry for export containers 
 
The Port of Yantian said it will stop taking in loaded containers as congestion at the export hub in Southern China deteriorates. 
 
The restriction will be implemented from 2200 hrs local time on May 25 to 2359 hrs on May 27 and will only be partly lifted afterwards for export boxes with their vessels expected to arrive at the port within the next four days. 
 
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Over half of container bookings rolled at some ports 
 
Container shipping service quality is continuing to worsen, with the number of boxes being rolled increasing. 
 
Figures from freight visibility platform project44 shows the percentage of containers missing their scheduled sailings is rising, with some carriers and ports rolling more than half their cargo in April. 
 
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Ocean freight rates and challenges rise further 
 
Ocean freight rates out of Asia have continued rising, especially to the US, as reduced capacity, high demand and equipment issues leading to “extreme capacity or equipment shortages” in North China, southeast Asia, and Taiwan. 
 
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Ex-China air freight rates continue rise 
 
Ex-China air freight prices are continuing to rise this week on the back of highly constrained air freight capacity and strong demand, leading to very high load factors. 
 
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