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.
UNCERTAINTY ON OPENING OF THE STRAIT OF HORMUZ CONTINUES
According to a report published by Allianz Research, approximately 1,150 cargo-carrying vessels with a combined vessel and cargo value estimated at $125 billion […]
These are the world’s fastest container ports
New data from the World Bank shows where containers were handled particularly quickly in 2025 and where ships rarely had to wait. According […]
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 […]
