AJOT Newsroom
| January 11, 2022
| Maritime | Liner Shipping
Key insights:
1 Restrictions around Ningbo have mostly been lifted, with logistics operations largely back to normal, though new outbreaks are being addressed in Shenzhen and Tianjin.
2 Ex-Asia ocean rates climbed this week ahead of the Lunar New Year holiday, though are still well below September’s peak season levels.
3 Still-surging demand and congestion are keeping delays a reality for US importers. Freightos.com data show the average monthly end-to-end transit time for China-US ocean shipments hit a record of 80 days in December, 50% longer than in December 2020, and 85% longer than in 2019.
