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 .
For More of the LINER LYTICA Market Pulse
Customer Advisory - Update on ILWU disruptive actions in Port of Los Angeles and Long Beach
Read MoreOcean carriers plan to cancel 50 voyages from now till end of April. This signals the decline in Chinese imports to US.
Read MoreFebruary 2023 is the lowest of TEU seen since covid following inventory overhang and decrease in consumer purchases.
Read MoreOcean 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).
Read More