As freight levels return to lows not experienced since before the COVID-19 pandemic, there are growing concerns of a container glut across some of China's busiest ports such as Shanghai and Yantian (Shenzhen). As orders of manufactured goods from Chinese SMEs and exporters fall, the balance...
The tail end of 2022 saw numerous factors such as a decrease in volume and the alleviation of port congestion across major port locations contribute to a reduction in freight rates. As such, according to Freightos data, freight rates fell across the board in the final...
The calmer end of year shipping season has seen empty containers pile up at Chinese ports such as Guangzhou, Yantian and Shekou, marking a complete reversal of the severe equipment shortages experienced during 2021’s pandemic-induced consumer spending boom. Indicative of the slower pace are the lower...
Recent data from shipping analyst Sea-Intelligence indicates that the global "empty container problem" is intensifying, with the transportation time between cargo being ready for export and the importer taking delivery increasing from an average of 45 days (pre-pandemic) to 112 days at its peak in...
The inevitable consequence of the first-half inventory buildup that continues to force dozens of ships to wait off major US East Coast ports is that the containers that carried those goods must eventually be unloaded and sent back empty to the ports, amplifying the disruption...