Newsletter #3 - May 2020 - Your question

Is the Asian recovery on the cards?

Today, in the wake of the health crisis and then the production crisis, the new challenge is the demand crisis, particularly in China.

So, although factory activity has been reactivated, the latter export mainly to Europe and the United States, areas still under lockdown or at the very beginning of recovery. Many orders scheduled for March or April have been postponed until June.

In South Korea, a country that has not experienced general lockdown, the economic situation has never stopped, although it is largely dependent on other countries for its own industry. As a result, paralysis in foreign markets has had a very heavy impact on its economic activity. This is particularly the case for certain raw materials coming from Africa and sophisticated spare parts manufactured in Europe. The health crisis and lockdown in these countries is slowing down the supply chain of imports and, at the same time, the level of production.

Asian ports are 100% operational

Thanks to the lifting of lockdown, Asian ports have been able to resume their activity, with maritime services maintained and blank sailings - cancellation of ship rotations - declining.
In China, ports, considered critical for the economy, were among the first to restart. Transport companies, which were closed during Chinese lockdown, have resumed their activity, allowing the transport and unloading of goods at ports again.
In South Korea, port services are also provided.

Please feel free to contact us, and we will respond to all your requests: push@haropaports.com or by phone on 02 32 74 72 06

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