News 

Posts from July 2021

 
Typhoon could continue to disrupt Shanghai ports 
 
Typhoon In-Fa, which slammed into eastern China last weekend, prompting local authorities to evacuate more than 100,000 people and shut schools, markets and businesses, could continue to impact ocean and air freight flows in the Shanghai region in the coming days. 
 
Click on the below link to read more. 
 
 
Shippers urged to book early for this peak season 
 
Cargo owners are being urged to book early for this year’s air and ocean freight peak seasons, with the current strong demand for space and limited capacity likely to extend into next year – along with high prices. 
 
Click on the below link to read more. 
 
 
Ocean rates continue to climb as peak season heats up 
 
Demand for ocean freight capacity on key trades continues to outstrip supply as peak season heats up, pushing listed Asia-North Europe spot freight rates past the US$13,000/FEU mark, “and sending Europe to South America rates spiking more than 30% since last week”, the latest spot market figures and analysis from digital freight platform Freightos indicate. 
 
Click on the below link to read more. 
 
 
Confusion over UK freeports plans, survey finds 
 
Most firms still do not have a full understanding of how UK freeports will operate and be governed, several months after eight winning bids were announced for the new economic zones, a survey of UK businesses has found. 
 
Click on the below link to read more. 
 
 
Ocean freight spot rates continue to surge 
 
Ocean freight spot rates have continued to surge over the last week, with average rises close to 5% compared with the previous week across the eight major East-West trades assessed by container shipping specialist Drewry, and further rises expected this week. 
 
Click on the below link to read more. 
 
 
Driver shortages ‘pushing UK logistics towards unprecedented crisis’ 
 
Road freight groups call for urgent measures including EU drivers to qualify for a UK work visa under the UK Shortage Occupations List. 
 
UK national road freight network operator Pall-Ex Group has joined other leading logistics businesses to highlight “the growing crisis” faced by the UK road freight sector due to “crippling HGV driver shortages”, calling for a number of measures by the UK government to urgently to help alleviate the crisis. 
 
Click on the below link to read more. 
 
 
South China port disruptions ‘could extend to Christmas’ 
 
Dwell times at the major ports in and around the south China city of Shenzhen “remain disruptively high”, despite trending downward in recent days with the Port of Yantian at full capacity again, according to freight visibility platform Project44. 
 
It said the data suggests that disruptions related to China’s COVID-19 quarantine efforts could extend well into the year, impacting seasonal shipments as far out as Christmas. 
 
Click on the below link to read more. 
 
 
Shipper competition driving up ocean freight rates 
 
Rates will keep rising while there is more cargo than capacity to ship it, with some cargo owners on long-term contracts and high volumes benefitting from their scale and gaining a significant competitive advantage 
 
Click on the below link to read more. 
 
 
UK extends driver hours relaxation due to haulier shortage 
 
Business group Logistics UK has reacted with dismay to yesterday’s announcement of the continued relaxation of drivers’ hours legislation until 8 August 2021, which governs the length of time HGV drivers are legally expected to work. 
 
Click on the below link to read more. 
 
 
Ocean freight disruption could hasten re-positioning of supply chains 
 
The prolonged disruption to ocean freight logistics with continuing patterns of container equipment and vessel capacity shortages, port congestion and delays, could hasten structural change in global supply chains put to the severest of tests over the past 18 months. 
 
Click on the below link to read more. 
 

Tags