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The supply chain updates and developments that matter
Shanghai Pudong, Hongqiao and Hangzhou cancelled inbound and outbound flights from Saturday, and container terminals stopped accepting cargo since the 24th July and there is now a heavy backlog in Shanghai, which we estimate will clear by the end of…
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Air, ocean and rail supply chains from Asia continue to be impacted by high demand levels, increasing rates and falling service reliability. (more…)
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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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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 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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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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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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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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