Mixed performance on sea freight lanes
Last week’s spot rate data saw trans-Pacific rates into the US West and East Coasts increase for the 3rd consecutive week, while rates from Asia into North Europe flatlined, Asia…
Archive: China
China and Western supply chains are interlocked
The countries with which China has the closest economic relationships are Western, including America, South Korea, Singapore, Japan and Germany and China’s export industries remain highly dependent on Western demand.…
Asia freight market update; February 2023
The traditional Chinese New Year air and sea freight demand spike was extremely muted this year, with the container shipping lines reducing the number of westbound departures due to the…
Asia freight market update; December
Our final Asia freight market report of the year includes the latest news from China, as the country finally relaxes COVID control measures and provides multi-modal situation updates and insights,…
Rates soften despite disruption at European ports
Market analysts are surprised that freight rates from Asia to Europe have fallen so far in the third quarter (Q3) despite the fact that schedule reliability is only 30% and…
Asia market update; May
With the Shanghai lockdown finally lifting after two months, it is great to see our Hecny colleagues returning to the office and while the local situation is already much improved,…
Shanghai reopening
The city is resuming outdoor activities in stages, with some public transport and other services already resuming, with the aim of lifting lockdown by the 1st June. Beijing has been…
Asia market update
Ahead of Asia's Lunar New Year holidays, the market for ocean and rail was particularly congested, with high demand and rates. With factories across China reopening this week, after the…
Freight market report
As supply chains continue to battle with insufficient capacity, surging rates and overwhelmed transport systems, we asked our colleagues in seven key markets to share their insights on operations, demand,…
Ningbo closure contributes to global vessel congestion
Two weeks since Ningbo container terminals closed after a worker tested positive for COVID-19 and port congestion has spread across China and Asia, while easing in Europe. The lessening of…
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