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

Panama Canal Pileup due to Drought Conditions

Panama officials enacted water conservation measures in July due to drought that's causing major pileup in the Panama Canal global shipping route.

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Tentative deal reached between ILWU and US West Coast Ports Employers

Late Wednesday, ILWU and Maritime employers reached a tentative agreement on a 6-year long contract covering all 29 US West coast ports

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Indian Ports Are Maxed Out

Due to equipment upgrades in port and cyclones hitting the coast, India's ports are experiencing a bottle neck at limited open ports. Carriers calling on the west coast of India are dealing with major service reliability challenges amid a severe port capacity strain in the busy trade corridor.

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Slowdowns and delays this week

Seattle port shutdown due to low productivity/ crane failure. Los Angeles and Long Beach Port terminal labor strike are causing delays and vessel backup.

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