With Asia returning from Lunar New Year celebrations and holidays, our regional offices provide updates on the local situation, as factories return to operation and demand on all shipping modes picks up.
The first freight market update of the year and 2022 is starting very much as last year finished, with freight operations challenges and continuing demand for capacity.
The impact of the COVID pandemic has shone a spotlight on the global supply chain and the challenges in keeping goods moving efficiently along it, with disruption likely to continue well into 2022 and some expectation that its impact may be felt into 2023.
The UK’s most important container ports continue to struggle with the vast volumes they are processing and with unclaimed imports building up, because of the HGV Driver crisis container stacks are reaching crisis levels.
The supply chain disruption triggered by the pandemic has revealed the problems caused by megaships and the chronic state of many of our most important container ports.
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Operations at a terminal in the world’s largest port were suspended today, following a single case of COVID being detected on a 34-year-old worker.
Ho Chi Minh City’s Cat Lai port is experiencing significant congestion, while Saigon Newport toughened controls on cargo movements, with a temporary halt on trans-shipping laden reefer boxes and the transfer of laden import boxes.
First announced at a news briefing by Hu Zhaoyang, the deputy head of the government of Yantian district and now confirmed in an announcement from the terminal, Shenzhen’s Yantian port area (YICT) will largely resume normal operations from 00:00 on the 24th June.
Yantian International Container Terminal (YICT) handles 13 million TEU which is why its partial closure is having a greater impact on Asia supply chains than March’s Suez blockage.