Container lines continued their strong performance in 2021 in the first quarter of this year, but the container equipment market showed signs of weakness. Container production will also rise as more shipping lines and chartering companies order new containers. At the same time, liner companies will have to rent containers for longer periods of time,
According to foreign media, three major shipping alliances are preparing to cancel more than a third of their Asian sailings in the coming weeks to cope with a drop in export volumes. The alliance’s blank navigation strategy to mitigate the impact of the pandemic lockdown will further extend delivery times, particularly to Northern Europe. Between
On May 12, Amazon announced that it would shrink its over-saturated logistics network this year and cut the number of third-party service partners. BrianOlsavsky, amazon’s chief financial officer, said the company had greatly expanded its distribution network during the pandemic by building warehouses and hiring more people than it needed. However, huge cost pressures amid
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