PSP Worldwide Logistics London China Archives - PSP Worldwide Logistics London

Spot rates from China and Asia climb new peaks

Spot rates to Europe, measured by the Shanghai Containerised Freight Index (SCFI), have risen nearly 13% in the last week, taking them above their January peaks, with momentum continuing to be strong given the current tight space situation and further…

Exports from Asia hit by port congestion

Container port congestion at key Asian hubs continues to worsen, with berthing delays in China and Southeast Asia, and nearly half of all Asia-Europe westbound sailings failing to depart on time last week. Although the number of containers waiting at…

Lines follow Maersk rate rise from China

Container shipping line Maersk took the market by surprise last Monday, announcing that it would impose a 49% freight all kinds (FAK) spot rate increase on its Asia-North Europe services, with other carriers quick to follow their lead. At this…

Shipping line rates update

In early July we reported how Maersk took the market by surprise with an FAK spot rate increase on its Asia-North Europe and Mediterranean services, with other carriers quick to follow their lead and while it remains to be seen…

Shipping lines cancel a quarter of sailings from China

In the pre and post-Chinese New Year (CNY) period, from 1st January to 17th February, Alphaliner has calculated that the three big carrier alliances plan to skip 27% of their originally scheduled Asia – Europe sailings. In a normal year,…

China COVID restrictions finally loosen

Following widespread protests the Chinese government finally appear to be relaxing their zero-COVID strategy, which will give residents more freedom and finally loosen supply chain constraints. (more…)

China lockdowns and supply chain impact

On Sunday Shenzhen entered a seven day lockdown and earlier today authorities in Langfang, which borders Beijing and Dongguan in the southern province of Guangdong were locked down for a week, while the entire province of Jilin has been placed…

Shanghai in lockdown after COVID surge

After recording 2,630 new COVID cases on Saturday, Shanghai started a nine-day lockdown yesterday, which will be conducted in two stages, so that half the city will remain functioning while authorities carry out infection testing. (more…)