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Posts tagged “Freight”

 
Over half of container bookings rolled at some ports 
 
Container shipping service quality is continuing to worsen, with the number of boxes being rolled increasing. 
 
Figures from freight visibility platform project44 shows the percentage of containers missing their scheduled sailings is rising, with some carriers and ports rolling more than half their cargo in April. 
 
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Ocean freight rates and challenges rise further 
 
Ocean freight rates out of Asia have continued rising, especially to the US, as reduced capacity, high demand and equipment issues leading to “extreme capacity or equipment shortages” in North China, southeast Asia, and Taiwan. 
 
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Ex-China air freight rates continue rise 
 
Ex-China air freight prices are continuing to rise this week on the back of highly constrained air freight capacity and strong demand, leading to very high load factors. 
 
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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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Post-Suez box port crunch in Europe less severe than feared 
 
While the Suez Canal blockage at the end of last month is set to prolong the current operational capacity issues in ocean freight, it has not led to the catastrophic congestion crisis some had feared, major forwarders have told Lloyd’s Loading List. 
 
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Ex-Shanghai ocean freight rates edge up to new record highs 
 
Ex-Shanghai ocean freight rates edged up to new record highs last week due to continuing strong demand and ongoing bottlenecks and capacity constraints – exacerbated and prolonged by the knock-on effects of last month’s blockage of the Suez Canal. 
 
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UK post-Brexit lorry management measures stood down 
 
Some post-Brexit road freight traffic management measures put in place ahead of the UK’s departure from EU rules on 1 January will be removed this month, “as trade returns to normal levels” the UK’s Department for Transport (DfT) today announced. 
 
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Container prices surge in China and India 
 
The container shortages that have been adding to logistics logjams in Asia and beyond are showing few signs of being resolved, according to the latest data from Container xChange, an online platform for the leasing and trading of shipping containers. 
 
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Evergreen blocked from offloading cargo from Ever Given 
 
Efforts by Evergreen, the operator of Ever Given, to have the vessel’s cargo separated from the ship in any legal action have failed. 
 
The 20,000 teu Ever Given (IMO: 9811000) was arrested by Egyptian authorities, pending settlement of the Suez Canal Authority’s almost $1bn claim for compensation, after the grounding of the vessel shut down the key waterway for six days last month. 
 
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