Shanghai lockdown goes on
While some residents were allowed to step out of their homes for the first time in several days, Shanghai enters the second week of an indefinite lockdown, leading to ocean carriers increasingly omitting calls at the world’s largest sea port and preparing to announce more blank sailings.
The Port of Ningbo-Zhoushan, which had been serving as an alternative to Shanghai’s stalled port, is now facing congestion of its own. And now Guangzhou has become the latest port city to undergo mass Covid-testing, a frequent precursor to tough restrictions under China’s zero-Covid policy. City-wide testing began on Saturday evening, along with travel restrictions on who can leave and enter the city.
The maritime and air freight supply chain continues to be characterised by unprecedented disruptions, unpredictability and extreme increases in freight rates. The full impact of China’s ‘dynamic zero-Covid’ strategy will not be felt by consumers in Europe and elsewhere for a month or two.
Middle East Supply Chain Update
Sea Freight
Following the withdrawal of war risk coverage as of 5 March, most carriers have suspended new bookings to and from the Middle […]
Information about effects of Middle East escalation
Due to the current geopolitical development in the Middle East, we would like to inform you about the potential impacts on ongoing and […]
The war in Iran is having a massive impact on shipping and air freight
The situation in the Middle East is escalating, causing massive disruptions to maritime shipping. Maersk and Hapag-Lloyd have suspended all ship passages through […]
