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Posts from January 2021

 
China reaffirms attempt to cap box shipping rates 
 
China said it is planning to release measures to tackle the thorny supply issues for shippers in the container shipping market, raising concerns about another round of clampdowns on freight rates. 
 
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PORT OF FELIXSTOWE SELECTED FOR UK GOVERNMENT 5G TRIAL 
 
Hutchison Ports’ Port of Felixstowe will be the largest UK port to deploy 5G technology and the Internet of Things (IoT) to enhance productivity, efficiency and safety across its core operations 
 
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UK’S LIVERPOOL2 £400 MILLION EXPANSION NEARS THE NEXT PHASE OF COMPLETION 
 
Peel Ports Group, owner of the Port of Liverpool, welcomed an additional five cantilever rail-mounted gantry (CRMG) cranes on the 7th January, as part of the next phase of growth at Liverpool2, the port’s deep-water container terminal. 
 
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Ocean freight issues adding to squeeze on air cargo capacity 
 
Shortages of containers and capacity for ex-China exports plus vessel schedule disruption are continuing to drive modal shift to air, adding to a squeeze on air freight capacity already stretched by buoyant demand. 
 
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US box imports set for record in 2020 despite pandemic 
 
US container imports seen during 2020 appear to be headed toward a new annual record despite the coronavirus pandemic, and remain at high levels as 2021 begins, according to the latest monthly Global Port Tracker report from the National Retail Federation (NRF) and Hackett Associates. 
 
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Record Asia-Europe ocean freight rates rise further 
 
As prices soar to multiple times their normal level, further hikes are expected later this month, with equipment shortages, port delays and lack of capacity set to continue right up to lunar new year in mid-February
 
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China to tighten inspection on box shipping carriers’ pricing practices 
 
China’s Ministry of Transport has defended carriers’ reasoning when responding to a shipper’s complaint about skyrocketing container shipping costs, but has said it will tighten its scrutiny on carriers’ pricing practices. 
 
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CNY 2021 blank sailings currently ‘far below previous years’ 
 
As strong ocean freight demand continues on the major trades, container lines look set to blank far fewer sailings around Chinese New Year (CNY) than in previous years with less than six weeks left before the usual annual shutdown of China’s manufacturing capacity and the normally associated slowdown of the ocean logistics systems that support it. 
 
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