March 2022-China's lockdowns and Ukraine conflict effects on the Marketplace

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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Featured News at a Glance

2nd shift unexpectedly canceled Thursday, now 1st shift today

Customer Advisory - Update on ILWU disruptive actions in Port of Los Angeles and Long Beach

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More Blank Sailing from China

Ocean carriers plan to cancel 50 voyages from now till end of April. This signals the decline in Chinese imports to US.

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Asian Imports at an All Time Low

February 2023 is the lowest of TEU seen since covid following inventory overhang and decrease in consumer purchases.

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Wan Hai faces $950,000 fine under revised FMC settlement over detention charges

Ocean carrier Wan Hai would pay a $950,000 fine under a proposed settlement involving claims it wrongfully charged US shippers detention penalties on 21 occasions in the spring of 2021, according to a revised agreement submitted to the Federal Maritime Commission (FMC).

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