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Posts tagged “China Exports”

 
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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Ex-Shanghai ocean freight rates edge up to new record highs 
 
Ex-Shanghai ocean freight rates edged up to new record highs last week due to continuing strong demand and ongoing bottlenecks and capacity constraints – exacerbated and prolonged by the knock-on effects of last month’s blockage of the Suez Canal. 
 
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Container prices surge in China and India 
 
The container shortages that have been adding to logistics logjams in Asia and beyond are showing few signs of being resolved, according to the latest data from Container xChange, an online platform for the leasing and trading of shipping containers. 
 
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Ports prepare for Suez surge 
 
Following the refloating of the 20,000 teu Evergreen containership ‘Ever Given’ that has been blocking the Suez Canal for the best part of a week, attention is now turning to the surge of imports that are due to arrive at Europe’s shores as a backlog of vessels begin to transit the canal. 
 
Among those ships that have been waiting to transit the canal are 100 containerships with an aggregated capacity of 1m teu, according to figures from Lloyd’s List Intelligence. While some of that cargo is outbound or empties, on average 52% of canal capacity each week is northbound to Europe. 
 
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No let-up expected in buoyant air cargo market 
 
High demand will continue to buoy air cargo charter activity over the next few months, consolidating the strong start to 2021, although prices may cool somewhat from their current high levels, according to a leading air freight broker. 
 
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Asia-Europe ocean freight markets show signs of slight easing 
 
Forwarding and other freight sources report some easing of ex-Asia ocean freight markets in the last three or four weeks, including reductions in pricing from China, better availability of containers at origin, and some easing of congestion in destination ports. But some believe it may be ‘the eye of the storm’, with more disruptions to come as recently blanked services come back on line. 
 
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Ocean freight pressures set to continue until at least summer 
 
Difficulties experienced throughout much of the global ocean freight logistics chain for several months look set to continue well into the second quarter (Q2) of this year, according to freight forwarding and other sources, including high prices, poor vessel reliability, capacity issues and acute equipment shortages. 
 
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Higher contract rates ahead as shippers seek security 
 
Contract freight rates have risen sharply and could well remain high for the remainder of 2021 and beyond, as shippers that had successfully played the spot market in the past have been hit hard by the recent ocean supply constraints and now seek longer-term commitments. 
 
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