News — Global Supply chain

223 additional warehousing facilities worldwide! Maersk buys Li & Fung Logistics in Hong Kong for US$3.6 billion →

Global Supply chain international trade

223 additional warehousing facilities worldwide! Maersk buys Li & Fung Logistics in Hong Kong for US$3.6 billion →

Maersk to enhance logistics capabilities in Asia Pacific through acquisition.On December 22, A.P. Muller Maersk (MAERSKa) ("Maersk") announced that it has reached an agreement to acquire LF Logistics, a contract logistics company headquartered in Hong Kong, China, in a transaction valued at US$3.6 billion, subject to regulatory approval, according to Maersk Group WeChat. The acquisition, which is subject to regulatory approval, is expected to be completed in 2022. According to the introduction, Li & Fung Logistics is a private company jointly owned by Li & Fung Limited and Temasek Holdings, with Li & Fung and Temasek holding 78.3% and 21.7%...

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Market Demand and Freight Rates Will Remain Strong Through 2022

Global Supply chain international trade

Market Demand and Freight Rates Will Remain Strong Through 2022

A freight forwarder reports that no real disruption or significant decline in air cargo demand is expected in the first half of 2022, and rates may remain high.Even the Lunar New Year holiday, which runs from Jan. 31 to Feb. 6, is likely to be busy, said one Shanghai-based freight forwarder."There are strict quarantine regulations due to the Beijing Olympics, and the government will likely again encourage people to cut back on unnecessary travel during the Chinese New Year. This means that some factories will still be producing goods and there may not be as long a hiatus as in...

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Port congestion has eased, but high ocean freight rates may continue to...

Global Supply chain international trade

Port congestion has eased, but high ocean freight rates may continue to...

  01 U.S. agricultural exporters are calling for greater scrutiny of the behavior of shipping alliances and shipping companies during the pandemic.Today, a global alliance system dominates global shipping, with nine carriers forming three alliances that control about 80 percent of the global shipping market and 95 percent of important east-west trade routes," said the Agricultural Transportation Alliance (AgTrans). "Until 2011, alliances controlled 29 percent of the market," added AgTrans, "and the lack of competition left U.S. companies at the mercy of three alliances. Even if they can't move their containers, retailers need to charge for containers that remain on...

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Disinformation? "The U.S. retail industry has restarted restrictions on the purchase of daily necessities, and the Federal Reserve is deeply concerned about the "inflation crisis"...

Global Supply chain

Disinformation? "The U.S. retail industry has restarted restrictions on the purchase of daily necessities, and the Federal Reserve is deeply concerned about the "inflation crisis"...

According to several foreign media reports, the shelves of Costco, the largest membership-based warehouse chain in the United States, are empty again, and even began to limit the number of toilet paper purchases to relieve supply pressure (shelves empty! Millions of dollars of goods stranded in Chinese warehouses and ports, what is the reason behind the "supply crisis"? This time, it's not a panic rush caused by the new epidemic, but a supply chain crisis and soaring logistics costs. And Costo is not alone, as Target, Home Depot and Sears are all experiencing shortages on their shelves.     01...

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Another Inflation Alert? High freight rates expected to continue, container shipowners bullish on 2022 boom

Global Supply chain

Another Inflation Alert? High freight rates expected to continue, container shipowners bullish on 2022 boom

  As global demand for commodities and freight surges, demand for container ships is at an all-time high, and freight rates continue to be high, executives at companies that lease vessels to ocean carriers don't expect this boom in the market to end anytime soon. Instead, their optimism could be another sign of inflation.As the epidemic disrupted global supply chains, many ports around the world became congested, causing transportation costs to soar. According to data from Kuehne+Nagel, one of the world's largest freight forwarders, there are now 584 container ships stranded outside ports around the world, a number that has...

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