Uncertainty caused by US President Donald Trump’s soaring tariffs on Chinese imports brought activity at the Port of Shanghai to a complete halt last week,according to Asian online publication Caixin.
With our portfolio of international container shipping services for both LCL and FCL import and export cargoes, the article makes interesting reading for the U-Freight Group.
Caixin reported that on April 7 and 8, nearly half the vessels docked at Shanghai’s Yangshan and Waigaoqiao terminals were bound for the USA and racing against the clock.
The publication stated that containers that missed the narrow window now sit idle in stacks along the docks. Many shippers are either pulling cargo back or scrambling for alternatives.
The impact is evident from the altered sailing schedules, with many major carriers drastically cutting back on Transpacific routes.
Caixin reported that MSC, the world’s largest shipping line, cancelled six voyages in April.
Ocean Network Express (ONE), one of three major Asian carriers in the Premier Alliance, which operates on east-west routes, has advised customers that its PN4 service, scheduled to commence in May, will remain suspended until further notice.
For more information about our ocean freight forwarding and logistics services, please visit the relevant pages of this website, or contact your local office, which can be seen here: https://ufreight.com/locations
