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Posts tagged “Freight Forwarding”

 
Vietnam to boost domestic box fleet as more shippers shift from China 
 
Vietnam’s state-controlled shipping group, Vietnam Maritime Corp (VIMC), plans to acquire more containerships and build more inland box depots in a bid to boost its competitiveness. 
 
VIMC is hoping to work with investors to develop the inland container depots and distribution and logistics centres in areas such as Haiphong, Hanoi, Danang, Quy Nhon and Ho Chi Minh City. 
 
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FREIGHT FORWARDERS WELCOME CONTAINER SHIPPING MARKET PUBLIC CONSULTATION 
 
The British International Freight Association welcomes the news of the launch by the Competition & Markets Authority (CMA) of a public consultation on the latter's proposed recommendation to UK government regarding the retained Liner Shipping Consortia Block Exemption Regulation. 
 
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Freeport East receives final Government approval 
 
Freeport East has received final Government approvals allowing it to move forward into the delivery phase. 
 
The development of the Freeport, which is expected to create up to 13,500 new jobs, will be boosted by £25 million in Government funding to support infrastructure enhancement. 
 
 
BIFA names new Director General 
 
The British International Freight Association (BIFA) has named Stephen Parker as its new Director General to succeed Robert Keen, who will be retiring from full time employment with the trade association in 2023. 
 
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GLOBAL FREIGHT FORWARDING REPORT PREDICTS CONTINUED GROWTH IN 2022 
 
According to Transport Intelligence, the global forwarding market exceeded pre-pandemic levels in 2021, but limited capacity and record-high freight rates present a challenging market. Ti predicts that the market will grow 5.7% in 2022, slowing to 3.7% by 2026. 
 
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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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MSC launches electronic bill of lading 
 
Moves to rid container shipping of some of its more archaic, paper-based processes have taken a further step forward with Mediterranean Shipping Co introducing a blockchain-based electronic bill of lading. 
 
The eBL enables shippers and others in the key supply chain to receive and transmit the bill of lading document electronically, without any disruption to business operations. 
 
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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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UK logistics industry welcomes Brexit trade deal 
 
The logistics industry has welcomed the signing of a Brexit trade deal between the UK and the EU while highlighting the changes that lie ahead from the beginning of next year and the need to be fully prepared. 
 
In broad terms, the agreement makes provision for the UK and the EU to have access to each other's markets, ensuring that imported goods will not be subject to tariffs or quotas, although they will still be subjected to checks and controls. 
 
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