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 […]
With the holiday season upon us, and more consumers than ever doing their shopping online, retailers who are trying to stock up have added to the capacity squeeze in November. During the last several months, the demand for imports has skyrocketed, freight rates for container liners have continued to rise, and capacity has continued to […]
Several factors are resulting in a shipping shortage in the next few months as the holiday season is here. Container ordering and scheduling can tell a lot about the economy. Demand for container ordering and shipping is strong, and Chinese container factories are sold out until February 2021. With just a few producers in China […]
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 […]