Global Beef Trade is on the rise with an increased demand for beef imports in China who imported 1.69 million tons of beef in the first three quarters of 2022. An ever-increasing part of it is sourced from New Zealand who increased beef exports to China by 49% in the first three quarters of 2022. As a result, we see the availability of NOR containers which need to be repositioned/returned after the voyage to China.
Analysis – Container volumes fell around the world with Oceania being one of the bright spots – export volumes growing 5.3% and imports rising 4.9% in July-Sep 22
Supply chain resilience is a feature of more and more logistics solutions and extends to the fixing of contract rates, selection of billed/paid currency and transit time guarantees being offered by carriers in the contract product portfolio,
China – Australia ocean services continue to be affected by overcapacity and lack of demand. Rates are expected to hold at lower levels running up to Lunar New Year at the end of January.
EU trade with Australia is forecast to grow in 2023. Book Systems International is in negotiations with partners to create an EU hub for logistics in the Netherlands.
Ocean carriers are planning to blank sailings after CNY by 50% of overall capacity to maintain profitability.
US National Retail Federation estimates imports to drop by 7.2% (Dec), 8.8% (Jan), 20.9% (Feb, 18.6% (Mar).
Ocean carriers are introducing LNG-fueled container vessels (ULCV) capable of carrying 23,500 TEU on the China – North Europe trade lane.
Amazon is unable to make timely delivery of 10% of its parcels and is giving this to UPS +USPS at a rate of 1 million parcels a week.
Book Systems International is introducing a third weekly service from London to Australia in response to larger demand for air services from the U.K.
BSI is offering additional information, and we hope you remain safe and well.
