The traditional pre-Chinese New Year sea freight demand spike, failed to materialise this year, with high inflation and the threat of recession suppressing consumer demand, with the container shipping lines blanking close to 30% of planned sailings and cargo being rolled at Asia origins.
Recent Posts by Paul Kelly
US customs require China postal codes for imports
As part of the Uyghur Forced Labor Prevention Act, which came into effect on the 21st June 2022, importers must submit China postal codes from the 18th March 2023, to prove that goods have not come from the Uyghur region.
January freight market report
Our first freight market report of 2023 considers the latest rate and capacity developments and highlights the key developments in air, sea and road freight, to keep you informed and to provide valuable supply chain insights, that will aid your decision making.
Trade with the USA is booming
Just two years after President Biden declared an end to acrimonious trade disputes with Europe, the U.S. has imported more goods from Europe than from China, with U.S/UK trade increasing 15% year on year.
US West Coast ports cancel dwell fee
When the West Coast terminal ports of Los Angeles and Long Beach were were struggling to handle record cargo volumes, as post-pandemic lockdown consumer spending spiked, they implemented dwell fees in October 2021 to discourage long-dwelling containers on their terminals.
December freight market report
Our final freight market report of the year highlights key developments in air, sea and road freight, to keep you informed and to provide valuable supply chain insights, that will aid your decision making.
CDS export deadline moved
The government has moved the planned date of the switch over to CDS for exports from the 1st April 2023 to the 30th November 2023, which means traders can continue to use the CHIEF system for export declarations for a further eight months, after which it will close.
Asia supply chain update
The main change for the supply chain industry in the two weeks since our last update has been the continued downgrading of COVID-19 handling, with major China cities now lifting controls, which will further simplify logistics, transport and shipping operations.
Roadblocks happen
Most of us are motivated to do good work, to start that project, to start training, or a company.
Asia market update
Container sea freight markets continue to face a volatile year. Norman Global Logistics personnel work locally at the primary Asia production hubs of China, Hong Kong, Vietnam, and Thailand and provide these local updates.
