A significant slump in order volumes across US supply chains took the shine off a slight improvement in global trade activity in Q4-2022, according to the latest data from Tradeshift, the digital network for global trade. Tradeshift’s Index of Global Trade Health shows the total volume...
Now China’s Covid restrictions have been relaxed, worker shortages and factory closures, due to outbreaks of the virus, are the latest disruptions to hit the country’s supply chains. The sudden about-face on zero-Covid has led to soaring cases nationwide, with hospitals “struggling to cope”, according to...
Predictions that congestion at rail yards in Canada’s interior would ease this month and next are not playing out so far, prompting frustrated importers and forwarders to ask for government intervention. The problems are most pronounced at rail hubs around Toronto and Montreal. “The Montreal rail terminal...
Congestion at the Port of Montreal has declined, but low water levels have prompted a new surcharge. And on the West Coast, long wait time for vessels at the Port of Vancouver continues. In its weekly ports update, Maersk reports on vessel wait times at North...
We would like to inform you that the deep depression over East-Central Bay and adjoining area moved North-westwards and lay over the same area, about 780km South-Southwest of Chattogram Port, 715km South-Southwest of Cox’s Bazar Port, 730km South of Mongla Port, and 695km South of...
Ocean carriers are ramping up their vessel blanking programmes from Asia as export demand weakens, but last-minute cancellations are causing chaos in supply chains and confusion within liner offices. Moreover, shippers are having to navigate their way around ‘officially’ announced blank sailings and voyages pulled just...
According to Environment Canada, Storm Fiona made landfall as a category-2 hurricane strength post-tropical cyclone near Whitehead Nova Scotia during the early morning hours of September 24th, 2022 with what is expected to be the lowest recorded barometric pressure in Canadian History. The storm generated...
Freight forwarders in Bangladesh have raised forwarding charges by 57% for each import bill, blaming fuel oil prices in the domestic market. Importers are the primary payee of the additional forwarding costs, which will raise the price of imported goods at a consumer level, while the export industry...
Canada's economy lost 40,000 jobs in August, enough to push up the jobless rate by half a percentage point, to 5.4 percent, Statistics Canada reported Friday. Economists had been expecting the economy to add between 10,000 and 15,000 jobs during the month, which would have been...
Asia’s largest container shipping hub may face another major storm as Typhoon Muifa bears down on Shanghai and nearby Ningbo. The US Joint Typhoon Warning Center projects the typhoon’s path will hit the ports on China’s east coast Wednesday. The storm follows close on the heels...