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Posts tagged “Containers”

 
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. 
 
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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. 
 
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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. 
 
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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 
 
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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. 
 
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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. 
 
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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. 
 
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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. 
 
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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. 
 
 
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. 
 

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