GLOBAL MARKET INSIGHTS

Keeping you updated on the latest industry news and events.

Dear Valued Client, As you know, shippers have been allotting more cargoes to the U.S. East and Gulf Coasts in an effort to avoid supply chain disruptions on the West Coast and to diversify their risk ahead of the upcoming labor negotiations, scheduled to begin on May 12. While we [...]
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Severe congestion is on the rise again at major gateways along the West Coast, and fears are mounting that terminals will soon run out of room to accommodate incoming cargos. In the San Pedro Bay, container dwell times have increased from 3.5 days in January to 7.4 days at the [...]
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  The Phase 1 lockdown of east Shanghai, including Pudong, was set to end today, but officials have decided to extend the lockdown after mass testing revealed that Shanghai residents now account for three out of every four asymptomatic cases across the country.  Meanwhile, Phase 2 went into effect as [...]
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