Although the SCFI freight indicators on SHA-RTM continue to rise by around 3%, some of the major carriers are beginning to project market demand to soften after CNY.
The Ningbo Beilun lockdown has been lifted during the week. The transportation situation is recovering quickly. This will relieve some of the pressure on the surrounding ports, like Shanghai.
The Beilun COVID outbreak has been the main topic recently. The entire area of Beilun is locked down and limited to essential activities only.
A recent wave of COVID-19 infections across China has led to a tightening of anti-epidemic measures, especially in Hebei Province where a spike in infections led to the lock down of the capital Shijiazhuang, which is only 300 kilometers away from the national capital city Beijing.
Global Transport Solutions Holding (GTS), the holding company of third-party logistics service provider Best Global Logistics, has acquired HERA Global Forwarding. HERA is a 4PL service provider specialized in logistics of ship spare parts.
Dear customer, in response to the Corona virus outbreak, we would like to give you an update of the current situation and the consequences. The situation continues to evolve but BGL is well prepared for the challenging task ahead and remains strongly committed to mitigate the potential impact on our customers supply chains.
Global Transport Solutions Holding, the parent company of 4PL Marinetrans and 3PL BGL, has acquired ship spare parts and general logistics services provider Altus Norway.