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Category: News

Yantian port to reopen on 24th June

The Yantian port area (YICT) will resume normal operations from 00:00 on the 24th June, but it will take weeks to work through the backlog of container stacks in the terminal, with productivity impacted across Shenzhen, Chiwan, Shekou, and Nansha.…

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Yantian disruption impacting terminals across the Pearl River Delta

The severe congestion that has been impacting Yantian for over two weeks is now worse than March’s Suez Canal blockage and has spread to Shekou and Nansha, with new testing rules for truck drivers creating even more disruption. (more…)

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Sea market update; May

Sea freight demand from across China and Asia remains consistently strong, with rates at their highest ever levels and many sailings full into June, while continuing equipment shortages at many origins are likely to be exacerbated, as carriers cancel sailings,…

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Air market update; May

IATA is predicting a positive outlook for air cargo demand and believes it will continue to improve as bellyhold services pick up, but with freighter capacity “maxed out” and travel restrictions likely to remain in place, it is unlikely much…

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No-deal Brexit tariff

Tariffs will be removed from 87% of imports, while some imports including selected foodstuffs and cars will go up, the government announced yesterday. Goods from the EU are currently tariff-free, but in the case of a no-deal Brexit, World Trade…

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Carriers act to project rates

It is going to be another challenging year for shipping lines and shippers. The PSP Logistics team consider the factors that will come into play and what it may mean for shippers. With economic indicators forecasting a slowdown in trade…

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US Polar Vortex receding

A third of the United States has been experiencing temperatures of -17C (0F) or below, with loss of life and severe impact on freight and transport infrastructure. Temperatures are expected to swing above average over the weekend, which means that…

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Preparing for Chinese New Year

The Lunar New Year 2019 or Spring Festival, is the biggest Chinese celebration of the year, taking place 3rd to 9th February, with its usual profound impact on supply chains. Factories, offices and other workplaces will be closed for the…

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