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Newsletter – August 28, 2020
OCEAN FREIGHT UPDATES
Ocean freight recovering faster than expected
lloydsloadinglist.comContainer markets will likely continue to bounce back through the third and fourth quarters of this year and return to 2019 levels next year as the recovery from Covid-19 lockdowns continues, according to Rolf Habben Jansen, CEO of Hapag-Lloyd. Read more here.
OOCL announces new China Straits Service 1 (CSS1) and China Straits Service 2 (CSS2)
oocl.comWe are proud to announce that OOCL will be strengthening our China to South-East Asia service network by introducing two new products, namely the China Straits Service 1 (CSS1) and China Straits Service 2 (CSS2), both to be launched in September, 2020. Read more here.
Ocean freight rates continue their peak season climb
lloydsloadinglist.comDespite the continuing turbulent effects of the COVID-19 pandemic on global markets, shipping costs from China to the US have continued to climb, reaching new highs, with significant rises also on Shanghai-Europe prices during the past week. Read more here.
GROUND AND RAIL FREIGHT UPDATES
Unifor calls for review of container trucking black market
insidelogistics.caVANCOUVER – Lack of proper monitoring and enforcement of “off-dock” trucking shipments threatens the livelihoods of all law-abiding Port Metro Vancouver container truckers and demands action, says Unifor.“When there’s no enforcement, unscrupulous businesses will create a black market,” said Jerry Dias, Unifor national president. “Under illegal markets legitimate businesses suffer, workers lose their jobs, and government quickly loses control. Truckers are demanding justice.” Read more here.
INTERNATIONAL BUSINESS – GOVERNMENT UPDATES
What trade war? US imports from China are booming
freightwaves.comRemember all the media coverage just a few months ago about Chinese manufacturers poised to collapse due to lack of overseas buyers? It didn’t happen. Chinese factories are booming. Chinese goods are flooding into U.S. ports. Read more here.