Surely that will solve the problem(s).
/Sarc
.
Posted on 12/05/2022 5:39:22 AM PST by EBH
U.S. logistic managers are bracing for delays in the delivery of goods from China in early January as a result of canceled sailings of container ships and rollovers of exports by ocean carriers.
Carriers have been executing on an active capacity management strategy by announcing more blank sailings and suspending services to balance supply with demand. “The unrelenting decline in container freight rates from Asia, caused by a collapse in demand, is compelling ocean carriers to blank more sailings than ever before as vessel utilization hits new lows,” said Joe Monaghan, CEO of Worldwide Logistics Group.
U.S. manufacturing orders in China are down 40 percent, according to the latest CNBC Supply Chain Heat Map data. As a result of the decrease in orders, Worldwide Logistics tells CNBC it is expecting Chinese factories to shut down two weeks earlier than usual for the Chinese Lunar New Year — Chinese New Year’s Eve falls on Jan. 21 next year. The seven days after the holiday are considered a national holiday.
“Many of the manufacturers will be closed in early January for the holiday, which is much earlier than last year,” Monaghan said.
Supply chain research firm Project44 tells CNBC that after reaching record-breaking levels of trade during the pandemic lockdowns, vessel TEU (twenty-foot equivalent unit) volume from China to the U.S. has significantly pulled back since the end of summer 2022 — including a decline of 21% in total vessel container volume between August and November.
(Excerpt) Read more at cnbc.com ...
That’s one way to solve the US port congestion problem.
Does it take long to unload a “blank sailing” ship?
Well maybe US companies should make more of their products here instead of overseas. Then they wouldn’t have supply chain problems.
The feel good story of the day.
Does this mean they are sending empty ships across the ocean? Why not just keep them in port until they have cargo?
Some cargo vessels follow a fixed schedule full, half full or almost empty. But I thought that type of sailing ended decades ago.
They will.
As soon as they get enough low wage illegals to man the factories.
.....Which answers the question, Why is the communist Chinese government locking all of China’s workers in their houses.
I read into this as china is being controlled by the One World Order group as they are doing with several countries.
“OH what tangled webs we weave” comes to mind. Will this downturn force china into war they can’t win? Is the goal to set china back 100 yrs so they can be controlled easier?
With china and the US destroyed it will be easier to control the whole world. Russia and Europe as a whole is being knocked down now.
Are “blank sailings” cancelled trips or empty ships? Why don’t people use the language properly?
Surely that will solve the problem(s).
/Sarc
.
Excellent point. You may be right. It’s like OPEC cutting production.
There's no major television upgrade, computer upgrade, gaming console, or children's toy driving up shipping. The U.S. also has a declining birth rate which means fewer toys sold each year.
Of course Democrat inflation directed by Jao Bai-din and Janet Yellen means consumers are also spending more on gas and groceries instead of gifts.
They MAY have cargo in the USA/Europe/Mexico/South America that they need to pick up and bring back to Asia.
Apparently, the word RECESSION is unknown at CNBC
If a million manufacturing coolies get laid off in China should a give rats ass?
Furble slingy linguitic!!!
(Always.)
- or -
Plerique muti sunt.
https://www.marinelink.com/news/baltic-index-slips-posts-best-week-almost-501361
https://theloadstar.com/fears-that-transatlantic-rates-may-sink-under-the-weight-of-extra-tonnage/
https://www.ccbiznews.com/news/port-of-corpus-christi-sets-another-tonnage-record
On that last one, check out whats setting the record.
🤬
The cargo ship industry's best scenario is when cargo has to be shipped in both directions (i.e. dollar store junk made in Asia shipped to the U.S., then agriculture grown/raised in the U.S. shipped to Asia). That way they make money both directions that the ship travels. But if Asian exports to the U.S. are down, all while Asia still buys pork and soybeans from the U.S., then the cost of moving cargo from the U.S. to Asia increases (because little to no money is being made on the ship's trip from Asia to U.S.).
The American left has made it tough to compete with slave labor. Wage and hour laws, insurance requirements, child labor prohibitions, environmental regulations, government oversight, high taxes, lawsuits, these things combine to make adding US operations more expensive than the alternative of slaves and unregulated polluting in another country.
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