News 

Posts tagged “Freight”

 
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 
 
Click on the below link to read more. 
 
 
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. 
 
Click on the below link to read more. 
 
 
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. 
 
Click on the below link to read more. 
 
 
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. 
 
Click on the below link to read more. 
 
 
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. 
 
Click on the below link to read more. 
 
 
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. 
 
Click on the below link to read more. 
 
 
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. 
 
Click on the below link to read more. 
 
 
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. 
 
 
South China port disruptions ‘could extend to Christmas’ 
 
Dwell times at the major ports in and around the south China city of Shenzhen “remain disruptively high”, despite trending downward in recent days with the Port of Yantian at full capacity again, according to freight visibility platform Project44. 
 
It said the data suggests that disruptions related to China’s COVID-19 quarantine efforts could extend well into the year, impacting seasonal shipments as far out as Christmas. 
 
Click on the below link to read more. 
 
 
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 
 
Click on the below link to read more. 
 

Tags

Our site uses cookies. For more information, see our cookie policy. Accept cookies and close
Reject cookies Manage settings