Uncertainty caused by US President Donald Trump\u2019s soaring tariffs on Chinese imports brought activity at the Port of Shanghai to a complete halt last week,according to Asian online publication Caixin.<\/p>\n\n\n\n
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.<\/p>\n\n\n\n
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.<\/p>\n\n\n\n
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.<\/p>\n\n\n\n
The impact is evident from the altered sailing schedules, with many major carriers drastically cutting back on Transpacific routes.<\/p>\n\n\n\n
Caixin reported that MSC, the world’s largest shipping line, cancelled six voyages in April.<\/p>\n\n\n\n
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.<\/p>\n\n\n\n