Chinese New Year, also known as Lunar New Year, is the biggest holiday in China. This year, the holiday runs from January 21, 2023, until February 5, 2023. Before and during the holiday, manufacturing and export operations across most of the country will come to a halt as factories shut down. It is important, then, […]
South China’s port congestion is getting worse, with the delays that began at Yantian (YICT) now spilling over to nearby Shekou and Nansha and the situation may continue to deteriorate as more positive COVID cases have been confirmed in Shenzhen, where Yantian and Shekou ports are located, and in Guangzhou, where Nansha port is located. […]
Just as the blockage of the Suez Canal threw a major wrench in maritime operations earlier this spring, congestion at Yantian port in Shenzen, China has put a halt to operations. Major shipping companies are warning their clients about the congestion situation at this port after several asymptomatic cases of COVID-19 were discovered. The port’s […]
The major port of Yantian in Shenzhen, South China, which handled 13 million teu last year, temporarily suspend operations following congestion and Coronavirus outbreak. Consequently, all operations in the western area of YICT remain suspended until further notice. – From 00:00 on May 25th to 23:59 on May 30th, export laden containers are not accepted […]
As predicted, the outlook for the container shipping market remains strong for 2021. Indications are showing that there might not be relief anytime soon in terms of capacity restrictions. The ongoing COVID-19 pandemic, increase in e-commerce trade, and high spot rates mean there is a strong outlook for container shipping and that the shortage of […]
The difference between this time last year and this year in the container market is like night and day. A year ago, routes were being cancelled because of soft volumes as well as the industry coping with the new emissions standards that require low-sulfur fuels or that ships install exhaust-cleaning systems. As compared to last […]
FOR IMMEDIATE RELEASE Dear Valued Red Arrow Logistics Customer, Due to unprecedented demand in the Trans-Pacific trade, customers are experiencing extensive delays and service interruptions. This also has resulted in an extreme shortage of equipment at origin ports, exacerbating the issues and preventing carriers from meeting transportation demands. We are working proactively with our […]
Dear Valued Red Arrow Logistics Customer, Effective December 1, 2020 General Rate Increase (GRI) has been filed for all cargo imported from Asia ports of loading, to the U.S.A., Canada, and Mexico ports/ramps of discharge. The proposed increases are as follows: General Rate Increase – December 1, 2020 USD 900 / 20′ USD 1,000 / […]
All Greater China offices and export CFS have operated to near-normal levels for the first time since the Chinese New Year (except for Wuhan). Some continue to operate with local restrictions of on-site personnel and require additional work shifts. PRC Government continues to promote the resumption of production in factories across the country. While some […]
Shipowners and operators should get ready for a rough ride in 2020 as several economic and political factors will continue to shape the industry. The Trans-Pacific Eastbound will struggle, with not enough of a demand increase to make up for the excess capacity, amid an ongoing trade war between the U.S. and China. Volume Contracts […]