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Arca Intl
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Shippers cancel cargo movements as China imposes new COVID-19 lockdowns

Shippers in China are canceling cargo bookings while forwarders are diverting freight to other ports amid worsening COVID-19 outbreaks across the country that have led to widespread lockdowns in key port cities, including Shenzhen and Shanghai. China reported more than 5,000 new COVID-19 cases over the weekend, the highest number in two years. While carriers and port operators said terminals…

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Arca Intl
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War Shocks Ripple Across Shipping Lanes

File Photo: Jaromir Vanek/Shutterstock War Shocks Ripple Across Shipping Lanes By Bryce Baschuk (Bloomberg) Importers from London to Warsaw will soon face higher shipping costs, longer delays and an obstacle course of sanctions to navigate as Russia’s widening assault on Ukraine complicates the movement of cargo between Europe and Asia. President Vladimir Putin’s invasion, and retaliatory steps designed to paralyze…

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