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As COVID Resurges in China, Industry Leaders Convene to Prepare and Predict the Impact of the Chinese New Year this Year on Shipping, Trade and Supply Chains


As COVID Resurges in China, Industry Leaders Convene to Prepare and Predict the Impact of the Chinese New Year this Year on Shipping, Trade and Supply Chains

Container xChange, an online container logistics platform, is hosting a free for all webinar to discuss and predict the impact of the Chinese New Year on China’s manufacturing industry, labor availability and on trade. The webinar is scheduled on Thursday, 12 January 2023, at 13:00 CET.

The eminent panel of speakers includes Cathy Morrow Roberson, Founder and President of Logistics Trends & Insights LLC, Mr. Sun, Director / General Manager @ CNTRANS and Christian Roeloffs, cofounder and CEO, Container xChange

“The infections in China and their impact on the supply chain is a very pertinent topic for many containers logistics and supply chain professionals in the industry. We know that traditionally the Chinese New Year halts the production and movement of containers for two long weeks (minimum) in China and the impact is generally felt for weeks after across the trade lanes. What we hear from the ground is that the consumer demand is considerably low and hence the impact of a shutdown in China is going to be limited as compared to the last year(s). But we believe it is difficult to predict and therefore, demands a closer look at the data and the market scenario.” said Christian Roeloffs, cofounder and CEO, Container xChange.  

“We bring a panel of experts to talk about how the Chinese New Year will impact trade and supply chain in China and for the rest of the world. We are hopeful that such discussions bring clarity to the industry professionals,”  he added.

The official public holiday for Chinese New Year only lasts a week and is scheduled this year for January 22 -28, 2023. However, in most previous years factory output in China has been impacted for far longer as many workers take extended holidays.

At the webinar, the panel will cover the predictions on how Chinese New Year will play out this year and how the industry can prepare for the coming times keeping in mind the resurgence of COVID infections in China.

About Container xChange   

The container is one of the most impactful innovations in history—using standardization to power globalization and lift billions of people out of poverty. But contrary to the standardized container itself, most processes in container logistics have not been standardized nor innovated — and are still frustratingly complex, manual and error-prone. Combined with thin margins, this makes it difficult for logistics businesses to survive and thrive.

Container xChange is the leading online platform for container logistics that brings together all relevant companies to book and manage shipping containers as well as to settle all related invoices and payments.

The neutral online platform…

  1. connects supply and demand of shipping containers and transportation services with full transparency on availability, pricing and reputation,
  1. simplifies operations from pickup to drop-off of containers,
  1. and auto-settles payments in real-time for all your transactions to reduce invoice reconciliation efforts and payment costs.

Currently, more than 1500+ vetted container logistics companies trust xChange with their business—and enjoy transparency through performance ratings and partner reviews. Unlike limited personal networks, excel sheets and emails you rely on, Container xChange gives its users countless options to book and manage containers, move faster with confidence and increase profit margins.


U.S. Lifts Sanctions on Cosco Vessel that Moved Iranian Oil

The U.S. Treasury Department and Office of Foreign Assets Control (OFAC) of removed sanctions on shipping tanker COSCO Dalian on Jan. 31.

On Sept. 25, 2019, OFAC designated COSCO Dalian and a second vessel from China’s largest shipping company on the Specially Designated Nationals and Blocked Persons List for transporting Iranian crude oil to China.

That had an enormous and immediate impact on the oil and shipping industries since a handful of COSCO subsidiaries and dozens of vessels were also considered sanctioned by OFAC and effectively removed from the petroleum shipping market.

“OFAC hasn’t announced the policy rationale yet, but [it] likely resulted from receiving credible assurances that the Chinese company would no longer ship Iranian oil,” observes Beau Barnes, an attorney at the global firm Kobre & Kim. “The speed of the removal is lightning fast by OFAC’s standards, and likely stems from the company’s critical role in the global supply chain.”

Some have opined that ongoing U.S.-China trade talks played a role in the OFAC delisting.

“COSCO’s original designation had caused increased global tanker freight rates to increase, leading OFAC to issue two waivers to temporarily allow transactions with the company,” notes Barnes, who represents clients in white-collar criminal defense matters, investigations, regulatory actions and commercial litigation, with a particular focuses on matters related to national security, economic sanctions, export controls, economic espionage and cybersecurity.