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Weekly updates on China and Southeast Asia markets situation

22 Dec 2021

By Ashley Kao      Photo : ammiel jr 

Too many false bookings! KMTC Announces Collection of Lost Cabin Fees

Due to the current serious false bookings, customers who have actual shipping needs cannot make bookings smoothly and lead to loss of space. For this kind of malicious bookings and violations of the booking agreement. From12/20, KMTC decided to charge a loss fee of 300RMB/UNIT for bookings that were not shipped normally after the booking was confirmed.

The below is an updated information about China and Southeast Asia markets in week 50.

 

Shenzhen

Seaports: There were Covid-19 cases happened in Dongguan last week, it has a certain impact on shipments. The drivers are required to show the Covid-19 test results within in 72 hours. The space is tight, and the freight rates have soared in the past week.

Airports: Some flights from Shenzhen, Guangzhou, Hong Kong to South Africa have resumed. The space is tight, the freight rate increased.

 

Hong Kong

Air Export: QR & ET resumed flight services to South Africa while other carriers are not yet. Air space is still critical need to wait for space for uplifting.

Seaport: Port operations are normal, there are occasional shortages of containers.

 

Shanghai-AIR

TK: Due to labor short last week, there were two flights took off with less than half of cargos loaded on weekend. There are many TK cargos piled up in the terminal, the flights have been postponed and lined up.

Pola air (PO) keeps rising their air rate from Shanghai to Latin America. Pola air (PO) joint service with Amerijet International (M6) for Latin America. The route is from SHA to MIA by PO and transfer to Latin America by M6. According to PO, M6 freight rate soared ex Miami to Latin America, therefore they have to confirm with Amerijet Int’l ex MIA to airport of destination for every shipment. It caused that freight forward can’t get airline’s offer until next day.

 

Qingdao/ Dalian

The current space is very tight, especially space for IPI point is even more difficult. The Chinese Lunar Year is coming soon, the freight rates are expected to increase.

 

Ningbo

The Covid-19 situation has not eased yet in Zhejiang, Ningbo port has strengthened the Covid-19 regulations, which will have some impacts on shipments. The freight rates soared last week.

 

Xiamen

The market rates have soared compared to last week, the main reason is the space is too few.

 

Vietnam

Seaports: The shortages of empty containers are getting worse; the customers need to pick up the empty containers far away from factories. Continuous delays of departure time at POL, it may delay for 1 month.

Airports: The cargos need to be delivered to airports within ETD or ETD-1. Air rates increase weekly, and the space is tight.

 

Thailand

The local situation for import/export Thailand as below.

-Export: Some carriers are short of empty containers, the space fully booked until the end of Jan. The rates still increase every 15 days. The port facility and manpower are in full service, no problem for stuffing and loading.

-Import: The vessels still delay at least 3 days to 1 month due to port congestion at POL. The devanning process of LCL shipment took 2-5 days because the delays caused the warehouse full. 

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