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Posts tagged “China Imports”

 
Asia-Europe container freight spot rates hit new highs 
 
Container spot freight rates from Asia to northern Europe have broken the $2,000 per teu level for the first time in a decade after rising by more than a quarter this week. 
 
The Shanghai Containerised Freight Index reported rates of $2,091 per teu on the Asia-northern Europe trade. The last time rates were this high was during the “dead cat bounce” that followed the global financial crisis, when rates topped £2,100 per teu in May 2010. 
 
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Shippers switching to air freight to escape sea freight hell 
 
With sea freight rates reaching some of the highest levels ever seen, along with equipment shortages, late vessels and still no guarantee of uplift, some shippers are starting to switch to air, driving up rates on a mode that had been enjoying some stability. 
 
Click below to read the full article. 
 
 
Air freight prices ex-China continue to rise 
 
China-Europe rates end October 25% higher than in September, despite a dip in demand in the final week of last month, with the market’s six-month recovery broadly continuing. 
 
Please click on the below link to read the full article. 
 
 
Covid-19 / Coronavirus Update 
 
This week we have seen many factories and businesses return to work following the extended Lunar New Year holidays due to the Covid-19 / Coronavirus outbreak. Although many factories and businesses have returned to work, there are still areas that remain closed and those that are working, are doing so at a reduced capacity as they are short staffed due to travel restrictions still in place.  
 
Click below to read more about how we can help get your supply chain back on track. 
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