News 

Posts from June 2021

 
Yantian ‘resumes full operations’ 
 
China’s key southern container port of Yantian is expected to return to full operations today following several weeks of partial closure – although it will take weeks or even months to clear backlogs of cargo, freight sources warn, especially as peak season approaches. 
 
Click on the below link to read more. 
 
 
Deal reached on release of Ever Given 
 
The insurer of Ever Given said an agreement in principle has been reached to release the ship from the Suez Canal. 
 
The UK P&I Club said the deal followed extensive discussions with the Suez Canal Authority’s negotiating committee in recent weeks. 
 
Please click on the below link to read more. 
 
 
Port congestion and rising demand forces carriers into schedule adjustments 
 
Increased demand and worsening port congestion in Asia is forcing the east-west alliance carriers to temporarily adjust their liner service networks. 
 
With long waits for berths on the US west coast and at several North European ports, attempts by shipping lines to recover a vessel’s schedule are being thwarted. 
 
Please click on the below link to read more. 
 
 
Supply chain disruption set to hit Amazon ‘Prime Day’ 
 
E-commerce is set for another mini-peak in volumes over the next couple of days generated by an anticipated record Amazon annual Prime Day megasale. 
 
However, the two-day discount bonanza could be affected by the well-documented widespread supply chain bottlenecks, making it more challenging to stock stores and distribution centres and keep up with consumer demand. 
 
Please click on the below link to read more. 
 
 
Liverpool recovering from severe port disruption 
 
The Port of Liverpool is hoping to make significant progress this week towards recovering from a period of severe disruption in the last two weeks that has led to high levels of delays and frustration among cargo customers. 
 
Please click on the below link to read more. 
 
 
Ocean freight spot rates rise further 
 
Ocean freight spot rates on major East-West trades have seen further significant rises this week, including double-digit percentage rises on some transpacific and transatlantic lanes, the latest data from Drewry reveals, with further rises expected this week. 
 
Click on the below link to read more. 
 
 
European road freight prices leap as available capacity plummets 
 
European road freight spot prices jumped by more than 8% in May to a three-year high as available capacity plummeted to a three-year low, according to the latest monthly analysis by Transporeon, which attributed the changes largely to signs of economic recovery after the worst effects of the pandemic. 
 
Click on the below link to read more. 
 
 
Yantian ‘contagion’ will spread around the world 
 
Long-suffering cargo owners face another wave of pain as the terminal congestion from the coronavirus outbreak in southern China threatens to ripple around the world. 
 
Click on the below link to read more. 
 
 
Truck driver shortages to worsen significantly 
 
Truck driver shortages are expected to worsen significantly this year, a leading trade body has warned. 
 
The penury is expected to increase by over a quarter on 2020 levels in almost all of the 23 countries included in a recent global survey of road transport firms conducted by the International Road Transport Union (IRU). 
 
Click on the below link to read more.  
 
 
Asia-North Europe ocean rates 'jump' further 
 
Aside from another “jump” in Asia-North Europe ocean rates, which spiked 15% and US$500 past the US$10,000/FEU mark this week, prices stayed level on most major lanes, according to the latest international freight update published by digital rates specialist Freightos, which incorporates the Freightos Baltic Index (FBX). 
 
Click on the below link to read more. 
 

Tags

Our site uses cookies. For more information, see our cookie policy. Accept cookies and close
Reject cookies Manage settings