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Posts tagged “Freight Forwarding”

 
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. 
 
Click on the below link to read more. 
 
 
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. 
 
Click on the below link to read more.  
 
 
Brexit border ‘catastrophe’ warning over lack of customs agents 
 
UK government ministers criticised for failing to ensure enough customs agents have been trained to handle the expected surge in demand caused by the end of the UK’s Brexit transition period from EU rules from 1 January 
 
To read more, please click on the below link. 
 
 
If you require any information or assistance with customs declarations, contact a member of our team who would be happy to help you. 
 
Asia-Europe container freight spot rates hit new highs 
 
Container spot freight rates from Asia to northern Europe have broken the $2,000 per teu level for the first time in a decade after rising by more than a quarter this week. 
 
The Shanghai Containerised Freight Index reported rates of $2,091 per teu on the Asia-northern Europe trade. The last time rates were this high was during the “dead cat bounce” that followed the global financial crisis, when rates topped £2,100 per teu in May 2010. 
 
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Shippers switching to air freight to escape sea freight hell 
 
With sea freight rates reaching some of the highest levels ever seen, along with equipment shortages, late vessels and still no guarantee of uplift, some shippers are starting to switch to air, driving up rates on a mode that had been enjoying some stability. 
 
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UK-EU freight trade set for bumpy ride in January 
 
With the end of the UK’s Transition Period from European Union trade rules fast-approaching, there continues to be a significant lack of preparedness on the part of the trading community with regard to the post-Brexit business landscape and the implementation of the systems that will be needed from the end of December, according to leading UK customs technology specialist Peter MacSwiney, chairman of UK customs clearance solutions provider Agency Sector Management (ASM). 
 
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New UK report warns of widespread disruption to UK-EU freight transport from 1 January 
 
The UK’s National Audit Office (NAO) has reported that there is still likely to be widespread disruption to UK-EU freight transport from 1 January 2021, despite some progress in recent months implementing the changes required to systems, infrastructure and resources to manage the border at the end of the UK’s post-EU Exit transition period. 
 
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CMA CGM and MSC complete TradeLens integration 
 
Major global container carriers, CMA CGM and MSC Mediterranean Shipping Company (MSC), have announced they are now integrated onto TradeLens, helping ensure a more fully integrated, timely and consistent view of logistics data for their containerized freight around the world. The digital platform is run on IBM Cloud and IBM Blockchain, and was jointly developed by IBM and A.P. Moller – Maersk. 
 
To read more click on the below link. 
 
 
 
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