Contract season in limbo as carriers eye conditions for a Red Sea return
The Asia-Europe shipping contract season appears stuck in limbo, with shippers having delayed proceedings as ...
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By Sam Whelan
Shanghai airport’s “worst-ever” cargo backlog is slowly easing, but forwarders are still recommending shippers turn to expedited ocean freight.
A perfect storm of lack of uplift, the global rush to buy face masks and China’s crackdown on shoddy PPE, saw aircraft “flying out empty” over the country’s Labour Day holiday, forwarders told The Loadstar.
“Before the holiday [1-5 May], it was as bad as it could get,” said Stefan Holmqvist, MD of Norman Global Logistics (NGL) Hong Kong.
“There were huge truck queues and ...
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