Unionised truck drivers in South Korea went on strike today, demanding that freight rates which guarantee basic wages must be achieved. The Safe Trucking Freight Rates System was introduced during the first wave of the Covid-19 pandemic in 2020 to deter dangerous driving and to ensure...
Port congestion at Shanghai, home to the world’s busiest port, is returning to normal levels as the city emerges from its two-month COVID-19 lockdown. This is according to new data from VesselsValue.com which analyzed average waiting times across vessel types. As a whole, average waiting times for tankers, bulkers...
It is with much pleasure that we can confirm today the lifting of the Shanghai Lockdown as anticipated for June 1st. This lockdown lasted sixty-five days and crippled the city and its twenty-five million residents as China fought the spread of the virus in the country’s...
Clothing companies and gadget makers are among manufacturers across Asia seeing early signs of cooling demand from their global customers as soaring inflation takes hold. Bumper exports from Asia, especially China, were a major dynamo in the global economy’s recovery from the pandemic. Recent data suggest...
The U.S. will ban imports of all goods made in whole or in part from any good from the Xinjiang Uyghur Autonomous Region in China effective June 21. Companies should be finalizing efforts to ensure their supply chains do not include such goods. ST&R will be...
Shanghai has begun to emerge from a lockdown that has constrained the global economy and created even more turmoil for supply chains. The city's deputy mayor, Zong Ming, said in an online news conference on Monday that the city would emerge from restrictions in phases, aiming...
A continuous deterioration in the accuracy of transit and arrival times in global container shipping means the sector is in the worst state it has been in for 50 years, according to Drewry Shipping Consultants. The situation is not expected to start improving until the...
LONDON, May 3 (Reuters) - Global supply chain problems look to set to worsen, a new report published on Tuesday said, as China's COVID-19 lockdowns, Russia's invasion of Ukraine and other strains cause even longer delays at ports and drive up costs.The study by analysts...
Production in spinning mills in this peak season has remained halted over the past six days because of a severe crisis of gas for overhauling at the Bibiyana gas field. Following the suspension in production, the millers are fearing that the export of garment items will...
The Shanghai lockdown is delaying shipping schedules in South China and bringing down spot rates. 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...
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