Fashion & Lifestyle

‘Move boxes to private yards’ plea as Chittagong congestion worsens

Bangladesh customs authorities have allowed logistics operators to shift a further six types of goods in containers to private off-docks in a bid to reduce the number of containers in Chittagong’s yards.
The authority have also asked importers to redirect Dhaka Rail Inland Container Depot-bound containers to a private box terminal near the capital by waterways.
The measures are a bid to reduce the number of containers in Chittagong port yard, which …

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https://theloadstar.com/move-boxes-to-private-yards-plea-as-chittagong-congestion-worsens/

Drop in box shipping contract rates points to ‘a recession of seismic proportions’

Long-term container shipping contracts have registered their first pricing decline since last October, prompting fears that the industry is heading towards “a recession of seismic proportions”.
According to figures published today by Xeneta, its crowd-sourced freight rate benchmarking platform XSI Public Indices saw a 0.5% decline in long-term contracted rates this month, following “a sustained period of growth”.
Year on year, the XSI was up 5.8% on March 2019 and up 2.2% …

The post Drop in box...

https://theloadstar.com/drop-in-box-shipping-contract-rates-points-to-a-recession-of-seismic-proportions/

Congestion looms at US ports as shops and factories close and imports pile up

The repercussions of Covid-19 have begun to hit US imports.
As retail outlets, as well as many manufacturing operations, in North America are shuttered, anticipation of a surge of imports to compensate for China’s extended lunar new year hiatus are quickly disappearing.
Instead, as more containers arrive, there are concerns about mounting storage costs.
US importers have not wasted time in shifting gear – having tried to speed-up deliveries from China a few …

The post Congestion looms at US...

https://theloadstar.com/congestion-looms-at-us-ports-as-shops-and-factories-close-and-imports-pile-up/

Bangladesh in lockdown as virus halts business and threatens the economy

Bangladesh’s key seaport, Chittagong, is facing heavy congestion in its yard as a government-decreed national holiday restricts the flow of goods.
The government has declared a 10-day general holiday between 26 March and 4 April, barred people from going outside from home and halted all types of commercial activities except emergency services.
Chittagong is continuing operations amid the virtual lockdown in an attempt to avoid vessel congestion and the creation of a …

The post Bangladesh in...

https://theloadstar.com/bangladesh-in-lockdown-as-virus-halts-business-and-threatens-the-economy/

Global retailers cancelling orders threatens Bangladesh garment industry

Major retailers are cancelling or postponing orders, putting Bangladesh’s garment industry, the country’s top foreign currency earner and employer, in jeopardy.
The value of order cancellations up to yesterday reached $124m – but the industry expects more to follow.
The top buyers so far forced to cancel or withhold orders include C&A, Zara, Pull and Bear, Baby Shop, Blackberrys, Inditex and Primark.
Apparel manufacturers say that just after Covid-19 hit China, they faced …

The post Global...

https://theloadstar.com/global-retailers-cancelling-orders-threatens-bangladesh-garment-industry/

Chittagong depots won’t handle boxes from non-payers Maersk and OOCL

The off-docks at Chittagong have stopped handling the containers of Maersk Line, OOCL and Gold Star Line, as part of a dispute over fees.
Since Wednesday morning, the depots have provided no service to these shipping lines, which have a 20%-25% market share in transporting export cargo.
In January, the depots raised fees by nearly 22%, a rise the shipping lines did not accept and they have paid no bills since then, …

The post Chittagong depots won’t handle boxes from non-payers Maersk and OOCL...

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Retailers now believe sea-air the best way to get their goods out of China

Major retailers awaiting their spring-summer stock are planning to opt for sea-air to get their goods out of China.
The garment industry wants its new season launches into shops before Easter, in eight weeks’ time, but “some 70% to 80% of Chinese factories are still not back up to speed,” said Grant Liddell, business development director for Metro Shipping.
“So there will be at least another week’s delay in production, and a lot …

The post Retailers now believe sea-air the best way to get their...

https://theloadstar.com/retailers-now-believe-sea-air-the-best-way-to-get-their-goods-out-of-china/

Coronavirus a fashion supply chain disaster

Virtually no sector is safe from the supply chain disruption emanating from China and the outbreak of the coronavirus. In the case of the apparel and clothing vertical, there is a double whammy – not only is China the largest garment producer in the world, it is also one of the most important material sourcing locations, and both channels are likely to see substantial production delays, reports Quartz. “China is …

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The Little Birdy Group partners with Import Services as distribution portfolio grows

The Little Birdy Group has appointed Import Services as logistics partner, to provide retail supply chain services to serve customers across the UK & Continental Europe.

The post The Little Birdy Group partners with Import Services as distribution portfolio grows appeared first on The Loadstar.

https://theloadstar.com/the-little-birdy-group-partners-with-import-services-as-distribution-portfolio-grows/

DP World unveils $1bn Bangladesh logistics infrastructure investment plan

Dubai-based terminal operator DP World wants to invest US$1bn in Bangladesh’s container supply chain infrastructure, including ports, rail network and inland container terminals.
The global port giant has tabled a formal proposal to Bangladesh’s government after a meeting organised with the Dubai Chamber last month.
Last February, DP World chairman Sultan bin Sulayem and Bangladesh Shipping Secretary Abdus Samad signed memorandum of understanding on a similar proposal.
In its new proposal, DP...

https://theloadstar.com/dp-world-unveils-1bn-bangladesh-logistics-infrastructure-investment-plan/

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