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Posts tagged “Freight”

 
DP WORLD TO INVEST £300M IN NEW FOURTH BERTH AT LONDON GATEWAY 
 
DP World has announced that it will begin work next month on a new fourth berth at its London Gateway logistics hub to increase supply chain resilience and create more capacity for the world’s largest vessels. 
 
The £300m sum - which builds on the £2bn investment DP World has made in Britain over the last decade – represents the next step by the leading global provider of smart logistics in delivering integrated supply chain solutions for customers. 
 
Click on the below link to read more. 
 
 
Air freight rates ex-Asia rise to new highs 
 
Air freight spot rates ex-Asia have surged again this week to their highest level this year and some of the highest levels on record, with significant increases from Hong Kong (HKG) and Shanghai (PVG) to North America and Europe. 
 
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Little relief in sight for container equipment shortages 
 
The shortage of boxes that is plaguing shippers is not due to any underinvestment in the equipment fleet, but due to the extended time they are spending in transit, according to container shipping specialist Drewry 
 
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Port operations in Shanghai and Ningbo halted by Typhoon Chanthu 
 
Ports in Shanghai and Ningbo, the world’s largest and third-largest container hubs, have closed for the second time due to the impact of a typhoon this summer. 
 
China’s National Meteorological Centre has issued an orange alert, the second-most serious level, for the Typhoon Chanthu, which is expected to make landfall in the Zhoushan Archipelago, Zhejiang province on Monday with strong gales and heavy rainfall. 
 
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UK haulage shortages hit McDonald’s, Nando’s and other leading firms 
 
Fast-food giant McDonald’s has joined a growing list of companies forced to cut parts of their services or operations in the UK due to shortages of stock caused by the country’s lorry driver crisis, which is adding to stock problems caused by blockages in intercontinental supply chains. 
 
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Ningbo’s Meishan terminal partially reopens 
 
THE blocked Meishan terminal in the major Chinese container port of Ningbo appears to have partly been reinstated, with new arrivals of three containerships last weekend – and after Meishan started to handle vessels at berth in the middle of last week. 
 
The development comes after two large boxships – 22,000 teu CMA CGM Rivoli and 8,633 teu CMA CGM Samson – left Meishan over the weekend after being at berth for more 10 days due to the coronavirus-led closure of the facility. 
 
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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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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. 
 
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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. 
 
Click on the below link to read more. 
 

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