China ports hit by Covid restrictions

The outbreak is reportedly growing at nearby Tianjin. While the port is open, restrictions on truck drivers are causing delays. Carriers are changing vessel rotations at short notice to avoid badly impacted ports, diverting cargo for example to Shanghai, which is already severely congested.

We believe China may relax its zero-Covid policy after the Winter Olympics in Beijing, ending on 20 February, but have to warn of supply chain disruptions until then.

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A surprisingly strong market, plus lower vessel capacity due to the Red Sea crisis, is creating a

Singapore-based Grace Ocean has officially declared General Average on its vessel, the

From 1 January 2024, shipping lines whose fleets call at European ports will have to purchase freely

Shortly before the next general rate increase (GRI) by the liner shipping companies, market rates

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