Maersk eyes 'cut and run' moves as port congestion brings delays
*Edited at 10:45am on 12 February to include a response from PSA Singapore and Maersk* Maersk ...
Lockdowns across China’s Zhejiang province have prompted multiple factory closures, and new restrictions have been placed on trucking.
China reported new Covid cases in Tianjin and Guangzhou this week, including the Omicron variant, but the outbreak in Zhejiang, another major manufacturing heartland, remains the most serious.
For example, 20 listed companies operating in the province have suspended operations, according to Reuters, including battery, textile and pharmaceutical manufacturers.
They include those in Ningbo’s Zhenhai district, a key petrochemicals hub, currently under lockdown, and Shangyu ...
'Disastrous' DSV-Schenker merger would 'disrupt European haulage market'
New senior management for DSV as it readies for DB Schenker takeover
Volumes set to 'fall off a cliff' as US firms hit the brakes on sourcing and bookings
Asian exporters scramble for ships and boxes to beat 90-day tariff pause
Amazon pushes into LTL for small package fulfilment and UPS does a u-turn
Temporary tariff relief brings on early transpacific peak season
Pre-tariff rush of goods from US to China sees air rates soar, but not for long
'Tariff madness' will prompt renegotiation of ocean shipping contracts
Comment on this article