Supply chain disruptions in Far East
Access to South Korea’s two busiest container ports, Busan and Gwangyang, has been blocked, causing box traffic to fall to 40% of normal levels. The blockades are due to 25,000 truckers, members of the Cargo Truckers Solidarity Union, going on strike again today, demanding a minimum wage system to manage the relentless increase in fuel prices.
Eight districts in Zhengzhou, China are under a five-day Covid lockdown. This has led to violent protests have at Foxconn’s iPhone factory in Zhengzhou, prompting renewed concerns over Chinese supply chains.
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 […]
