You may all have heard it through the grapevines, China is starting lockdowns again. Shenzhen is in complete lockdown while other cities like Shanghai and Qingdao are increasing safety measurements. Terminals at present are open but with factories closing, as reported in the media – the Hang seng takes a dive today dropping 1K points .
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I hope everyone had a wonderful summer. While the dark clouds may be forming around the 4th quarter and international trade in general, remember that we, as an industry, are resilient and innovative. There is always a way... Funny enough, I had planned on sending this last month, but with the consistent changes from August through even today, it seemed like an exercise in futility, which is not my favorite exercise.
Read MoreQuick market summary entering what will be a very tumultuous summer - Global demand is pivoting sharply toward the Asia-U.S. corridor as the 90-day U.S.–China tariff reprieve drives front-loaded orders and carriers rush to monetize tightening space.
Read MoreIEEPA Reciprocal Tariffs: Section regarding clarification on the date of loading and final mode of transport.
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