Shanghai Port Lockdown Update
Shanghai customs department has taken special measures to prevent disruptions in customs clearance at the world’s largest port for imports and exports.
$81m fine imposed on liner operators by KFTC
Twenty-three major and regional liner operators have been directed to pay a hefty penalty to the Korea Fair Trade Commission (KFTC) for allegedly ‘fixing’ freight rates on South Korea to Southeast Asia lane between 2003 and 2018.
Another Chinese port is hit by Covid restrictions with delays persisting in Dalian
Dalian is the latest port city in China to detect the Omicron variant, meaning more shipping delays are anticipated in the countdown to Chinese New Year. Dalian’s port operations have not been affected thus far, but the outbreak has been growing at Tianjin.