Scrap recyclers who spent decades refining the export of red metal scrap to China now view the disruption caused by China’s sudden restrictions on imported scrap, and the unintended consequences that are emerging.
China is getting ready for Golden Week, a seven-day festival, for which the country goes into virtual shut-down. Factories close and forwarders, logistics providers and other supply chain participants also shut their doors as China and Hong Kong celebrate this holiday.
Shanghai is one of China’s most important cities and a powerhouse for the country’s logistics infrastructure. We have a great team in place and are pleased to welcome our newest member: Business development manager Niclas Andersson.
Sluggish German demand and Brexit uncertainty contributed to a disappointing first half year for the shipping lines, as volumes from Asia to North Europe failed to keep up with other booming markets, but there are signs that things may be moving in the lines favour.
Ocean and air carriers are benefitting from massive increases in demand ahead of the traditional peak season, as US shippers try to deal with President Trump’s tariffs. The question is what impact (if any) this will have on the China-Europe trade lane.
A study by the International Monetary Fund has concluded that the UK will be hit harder by Brexit than the European Union, as Freight industry leaders urge forwarders and shippers to prepare for a hard Brexit.
Shocking shipping line reliability is a direct result of the low freight rates that shippers have benefited from for years, says Drewry Shipping Consultants, so they should not be surprised that service levels have continued to fall.
While the port of Felixstowe has been highlighting recent performance improvements to 80%, Maersk has announced two services are moving to Liverpool.
MAERSK’s and the Mediterranean Shipping Co’s (MSC) 2M Alliance plans to suspend one of its loops on the Asia-North Europe trade in September, but resume it in December when business picks up, reports American Shipper.
The Port of Felixstowe’s chief operating officer confirms that incidences of delays and disruption may continue until 10th July.