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. 

 

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https://www.lloydsloadinglist.com/freight-directory/news/Yantian-%E2%80%98resumes-full-operations%E2%80%99/79358.htm#.YNXC9ehKiUk 

 

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. 

 

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https://www.lloydsloadinglist.com/freight-directory/news/Deal-reached-on-release-of-Ever-Given/79356.htm?cl=article_2&elqTrack=true&mc_cid=d63592e9b2&mc_eid=bb81110dd5#.YNWkPehKiUk 

 

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. 

 

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https://theloadstar.com/port-congestion-and-rising-demand-forces-carriers-into-schedule-adjustments/ 

 

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. 

 

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https://www.lloydsloadinglist.com/freight-directory/news/Liverpool-recovering-from-severe-port-disruption/79330.htm?cl=article_1&elqTrack=true&mc_cid=edf4f4414e&mc_eid=bb81110dd5#.YNCue2hKiUk 

 

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. 

 

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https://www.lloydsloadinglist.com/freight-directory/news/Ocean-freight-spot-rates-rise-further/79323.htm?cl=article_1&elqTrack=true&mc_cid=d4067bccd9&mc_eid=bb81110dd5#.YMzIk2hKiUk 

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. 

 

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https://www.lloydsloadinglist.com/freight-directory/news/European-road-freight-prices-leap-as-available-capacity-plummets/79255.htm#.YMDP__lKiUk 

 

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. 

 

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https://www.lloydsloadinglist.com/freight-directory/news/Yantian-%E2%80%98contagion%E2%80%99-will-spread-around-the-world/79257.htm?cl=article_2&elqTrack=true&mc_cid=647b44b5b3&mc_eid=bb81110dd5#.YMDOSflKiUk 

 

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). 

 

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https://www.lloydsloadinglist.com/freight-directory/news/Truck-driver-shortages-to-worsen-significantly/79223.htm#.YLjw8vlKiUk 

 

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). 

 

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https://www.lloydsloadinglist.com/freight-directory/news/Asia-North-Europe-ocean-rates-jump-further/79228.htm#.YLjvOvlKiUk 

 

A number of significant lower-value commodities such as furniture and large electrical and electronic appliances are becoming ‘priced out’ of major intercontinental ocean freight markets because of the elevated freight rates facing importers currently, new analysis by Sea-Intelligence has revealed. 

 

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https://www.lloydsloadinglist.com/freight-directory/news/Mid-value-products-%E2%80%98getting-priced-out%E2%80%99-of-ocean-freight/79211.htm?cl=article_1&elqTrack=true&mc_cid=6a683d648a&mc_eid=bb81110dd5#.YLjtn_lKiUk