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OOCL sees significant revenue growth despite drop in box volumes
OOCL sees significant revenue growth despite drop in box volumes

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For the second quarter of 2022, the total revenue of Orient Overseas Container Line (OOCL) increased by 52.4%, compared to 2021 Q2, reaching US$5.285 billion.

China port congestion seen growing on back of local lockdowns and poor weather
China port congestion seen growing on back of local lockdowns and poor weather

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Local lockdowns combined with stormy weather is seeing congestion rise at many ports across China again.

CONTAINERS LOST AT SEA INCREASED 400% IN 2020 - 2021
CONTAINERS LOST AT SEA INCREASED 400% IN 2020 - 2021

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According to figures from the World Shipping Council (WSC) 3,133 containers were lost overboard in the 2020 – 2021 period compared to 779 in the previous period, an increase of 400%.

 

China cuts quarantine for vessels moving from international to domestic trades
China cuts quarantine for vessels moving from international to domestic trades

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China is reducing the quarantine time for foreign-going vessels which will be deployed on domestic routes after arriving at Chinese ports.

CHINA CONGESTION EASING AFTER PROJECTED CARGO BOOM FAILS TO MATERIALISE
CHINA CONGESTION EASING AFTER PROJECTED CARGO BOOM FAILS TO MATERIALISE

1542 Views

China’s port congestion is easing as Shanghai’s post-lockdown cargo boom fails to materialise, and the city’s container supply chain recovery seems unaffected by a sudden lurch back to lockdown last weekend.

 

NEW COVID CASES SEND SHANGHAI INTO PARTIAL LOCKDOWN
NEW COVID CASES SEND SHANGHAI INTO PARTIAL LOCKDOWN

1419 Views

Shanghai will go into partial lockdown this weekend after six new cases were found in China’s largest city, home to the world’s largest container port.

 


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