A new working arrangement that for the first time allows pilots from Hong Kong and Shenzhen to navigate in each other’s waters aims to mitigate delays stemming in part from a pilot shortage in Yantian.
Bonded trucking services in and out of Shanghai’s Pudong have been suspended and most flights have been canceled, bringing operations at China’s busiest cargo airport to a standstill.
Strong demand and constrained air freight capacity on the Asia-US trade lane has prompted Flexport to secure a strategic agreement to increase access to space on the trans-Pacific.
Hong Kong-based container carrier OOCL saw significant increases in freight rates and per container revenues thanks to supply chain disruption across key origin and destination markets.
Initially considered a temporary measure, some forwarders believe the shift from relying on fixed-price block space agreements with airlines to full charter operations has become permanent.
An update to new COVID-19 quarantine rules in Hong Kong has prompted Cathay Pacific to halted long-haul freight flights, potentially exacerbating a supply crunch ahead of the Lunar New Year peak.
Toughening Hong Kong’s quarantine requirement for air cargo pilots would severely disrupt airfreight operations during peak air cargo season and ahead of China’s Lunar New Year holiday.
Maersk will significantly expand its Asia Pacific contract logistics and e-commerce footprint in Asia Pacific with its latest multi-billion-dollar acquisition.
Carriers keep building their fast-growing orderbooks, with OOCL adding another 10 vessels to the already significant capacity the Cosco Shipping subsidiary has on order.
Disruption across major ocean trade lanes has tightened capacity at a time of soaring demand, pushing container rates to historically high levels and generating extreme profits for carriers.