01 Fully out of control! Mass protests broke out in Europe
Hundreds of thousands of people gathered, without masks, violent confrontation of police, mass protests in more than 10 European countries!
More than 10 countries erupted in France, Britain, Italy, Greece, Ireland, the Netherlands, Spain, Japan, and Australia. More than 160,000 people in France alone participated in the protests. In many places, the demonstrators clashed with the police in intense conflict. Berg connector, female header and ribbon cable connector should be noted.
Sources said that there were at least over 275 demonstrations.
There were 161,000 demonstrators in the law, including 11,000 in Paris alone, more than half of Australia were blocked, about 5,000 in Greece gathered against government vaccination, thousands of demonstrators in Italy against "certificates" and government restrictions on unvaccinated people.
Starting on August 6, the "vaccine certificate" is required to enter cinemas, museums and other places, and to dine in the restaurant.
The EU will assess in September whether to extend the use of the certificate to the public transport system.
If you have any commercial cooperation with customers in these countries recently, please pay attention to the collection of payment and receipt and delivery risk control. If you have any business travel plan, please also be sure to check the entry and exit rules in advance and protect them!
Shipping costs are difficult not to rise! Inventory replenishment will continue until 2022
The surge in US imports has led to chaos in global container shipping, up 10% per year since 2019, while other trades grew modestly. Low inventories, a strong U. S. economy and shippers who do not want out of stock or emptied shelves kept demand prospects strong growth until at least early 2022.
Alan Murphy, CEO of Marine Intelligence Maritime Analysis (sea intelligence Maritime Analysis), said the tight supply of container vessels was entirely a result of North American demand.
CTS data showed that monthly TEU imports from 2020 into the west coast of the United States from June 2020 to May 2021 were on average 29% higher compared to the same period in 2019.
As many Americans are still enjoying pandemic stimulus such as unemployment benefits and COVID-19 lockdowns, the growth in demand for North American container ships sees no end.
After surging demand, US retailers need to increase inventory to much higher than in 2019. Many companies are also signalling investors that US consumer demand seems not to ease and they will have to continue to pressure shipping carriers to continue replenishing inventories.
Last week, China's export container transport market transport demand remained high, after July 16, the Shanghai Shipping Exchange released the Shanghai export container comprehensive freight index first exceeded the 4000 mark of 4054.42, the latest index of 4100.00, up 1.12%.
European routes, affected by the rebound of the European epidemic and the UK epidemic prevention is unsealed and other factors, demand is generally at a high level. In addition, some ports are congested by extreme weather; cabin utilization is close to full load level.
On North American routes, the market is in the traditional transportation season, and the transportation demand continues to remain high by the increasing prevalence of the variant strain. However, the container stagnation, poor transport turnover and port congestion caused by the epidemic still have shown no signs of effective easing, and the transport dilemma has not been substantially changed.
"The problem is that demand is too hot and a backlog," said Monroe of Jon Monroe Consulting Consulting Some factories in China are unable to ship, and one of them has more than 100 containers of products trapped without shipping.
BCO increasingly turn to NVOCC to perform contracts and in turn are using the rental market to gain capacity. In fact, it was reported that the container owner seized the opportunity exceeded the value of the ship.
American Outdoor Brands's inventory at the end of fiscal 2021 increased 23% over last year. CFO Andy Fulmer told analysts that inventory would have to be higher unless " supply chain constraints and port congestion hinder our ability to increase inventory to the ideal level. "Fulmer added:" We have increased safety inventory to address considerable delivery periods in the industry and, in many cases, from 16 to 28 weeks, " Fulmer added
Keith Reardon, vice president of Canadian National Railways (CNR), said the need to replenish inventory should help to continue the company's operations through next year. "Customers in North America believe this will continue until 2022," it said in a conference call with analysts on July 20
Judah Levine, a research director at Freightos Group, also doubts whether rate volatility will be resolved by 2022. "Demand continues to exceed supply, and once consumer demand moves significantly from commodity to service, things should return to some balance, but even so, low inventory levels require some replenishment. This will take us to the next small peak, around the Lunar New Year in early February."
One freight forwarder believes the peak season for 2022 might already begin when the surge and its support lost momentum. "Demand will change by the middle of next year."
Freight Right Global Logistics founder Robert Khachatryan said. "We've been shipping Christmas products since May," he explained, and importers won't wait until September to order the products because so they won't arrive in the United States by January. He predicted that the industry would not see shipping prices return to pre-epidemic pricing.
This is ominous for importers of low-value goods. Khachatryan expects them to be excluded from the market and must be purchased closer to the United States.
It is speculated that many importers are more concerned with the impact of the supply chain than with the final pricing level. According to the American Retail Federation survey, 97 percent of the surveyed retailers were affected by port and transportation delays, and 70 percent had to increase their supply chain for two to three weeks.
03 Note! The epidemic blockade caused Chittagong to be unable to carry the box! The dock was heavily congested
Bangladesh's ongoing blockade has begun to seriously affect the shipping industry due to the outbreak, especially at port terminals, which has become almost impossible for importers to receive containers.
As of 26 July, the Chittagong terminal yard had 43,574 TEU (total capacity of 49,018TEU), while on 25 July 1,901 TEU, was delivered from the yard versus the usual delivery capacity of 4,000 TEU. The lowest delivery was on July 21, and the importer received a delivery of 128TEU.
Importers said the factories and warehouses are now closed due to the lockdown and all employees were on leave, so no one was able to extract containers from the port yard.
In this case, the Bangladesh Sea regarding the 25 July approval of the transfer of all imported containers to 19 privately owned inland container yards (ICD) to reduce the number of boxes in the port yard.
Typically, 38 imported containers are transferred to ICD and delivered by ICD. But due to new approval, all types of imported containers are transferred to ICD. by August 31
Chittagong Port Authority Director Omar Faruk argued that the crisis was caused when importers did not respond to the Port Authority's call to withdraw the containers. He said all types of import boxes were transferred to ICD. from July 26 The total capacity of 19 ICD is 78700TEU, versus 53845TEU. on Sundays Therefore, they will be able to store more than 25,000 containers, while the rest of the areas need to move the boxes.
Ruhul Amin Sikder, secretary general of the Inland Bangladesh Container Warehouse Association (BICDA), says containers of 11,838 TEU that have been waiting for a long time, causing a serious space shortage in ICD. He added, about 6,000 such boxes were left outside the dock.
At the same time, the Port Authority also threatened to punish illegal importers who did not pick up the goods within four days after unloading at the port terminal. In Chittagong, importers do not pay the rent for the storage container four days before the unloading. The rent is charged on the fifth day. Under the Chittagong Work Regulations, when the number of containers in the yard increases, the authorities can impose punitive rents for overdue stranded containers.
Post time: Aug-02-2021