Category: China

COVID disruptions continue to impact global supply chains

The delta variant has broken through virus defences across the Indian Subcontinent and the whole of Asia and reached nearly half of China’s 32 provinces in just two weeks, threatening more supply chain disruption. Developments are raising the threat of delays at ports and airports as authori... Read more

Air cargo gains momentum from rising prices in ocean shipping

The record-breaking sea freight rates, driven by restricted volumes, equipment availability and service disruption is pushing increasing quantities of ‘distressed’ ocean cargo to air freight solutions. Metro have advised and updated regularly on the dynamic air freight market, which has re... Read more

Sea Freight market update and Q3 Rates

We are in a new world of shipping. There have been spikes in demand and freight rates before, but never for such a long time and never on such a continuously upward trajectory. The challenges we face are unique. Even with demand levels increasing on the most popular trades, equipment availabil... Read more

Shippers go out of business as ocean surcharges continue to mount

Container shipping lines are becoming ever more inventive with the names they apply to the surcharges they keep adding to already over-loaded FAK rates. The latest example is Hapag-Lloyd’s ‘value-added surcharge’ of $5,000 per 40ft, from China to the US and Canada. The carri... Read more

Westbound sea freight market update

Demand for imports from Asia and the Indian subcontinent (ISC) continues to outstrip shipping line capacity, in a sign that with inventories low, second-half volumes are unlikely to let up, keeping pressure on a global supply chain infrastructure that is already buckling. The UK’s primary co... Read more

Excessive demand likely to mean higher contract rates next year on all modes

The early start of the sea freight peak season and its likely extension through 2021 and possibly up to the Lunar New Year in 2022 means the chance of current market rates softening significantly are slender, particularly as disruption in any region creates more congestion and... Read more

Available container equipment shortage continues

Containers continue to be in short supply - particularly in the places where they’re needed most - with wait times varying region to region, country to country and port to port. And even the world’s biggest shipping lines are not sure when their containers will be available, or where. Desp... Read more

Sea freight rates to remain elevated into 2022 – and likely beyond

Economists are convinced that global sea freight demand will continue to outstrip container shipping capacity for the rest of this year and into next year, which is good news for the shipping lines’ bottom line, but not so much for shippers, who continue to pay premiums in order to get their pr... Read more

Getting ready for air freight demand peaking during ‘peak’ season

While air freight demand from Asia and the Far East to the US has remained high, buoyed by eCommerce and inventory replenishment, demand into Europe has not been so strident in June, but even so rates are now beginning to rise. May and June are normally a slack period and the air freight marke... Read more

The pain of pandemic freight rates

There cannot have been many weeks when we were either warning of impending rate increases, highlighting recent increases, or explaining why further rises were likely. And while we have protected our customers from the worst excesses of the lines, this article by Mike Wackett for The&nbs... Read more

Yantian port looking to resume full container operations

Hutchison Port’s Yantian International Container Terminal (YICT) have announced that they will resume full operation from 00:00 on the 24th June, with effective controls of COVID-19 in place in the port areas and daily handling capacity increasing to 27,000 teu’s when all 11 be... Read more

Hundreds of vessels waiting for berths, as congestion continues on a Global scale

Over 300 vessels, the most in the history of container shipping, are currently waiting for berths around the globe, as the industry continues to struggle with the operational impacts of COVID-19 and sustained demand at unprecedented levels. While we have reported many times on port congestion,... Read more