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Posts tagged “Freight”

 
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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China to tighten inspection on box shipping carriers’ pricing practices 
 
China’s Ministry of Transport has defended carriers’ reasoning when responding to a shipper’s complaint about skyrocketing container shipping costs, but has said it will tighten its scrutiny on carriers’ pricing practices. 
 
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CNY 2021 blank sailings currently ‘far below previous years’ 
 
As strong ocean freight demand continues on the major trades, container lines look set to blank far fewer sailings around Chinese New Year (CNY) than in previous years with less than six weeks left before the usual annual shutdown of China’s manufacturing capacity and the normally associated slowdown of the ocean logistics systems that support it. 
 
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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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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. 
 
Container shortages exacerbated by slow turnaround times 
 
Container availability in China remains at a record low as the length of time equipment is sitting in depots is increasing. 
 
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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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AMBITIOUS VISION SET OUT FOR INNOVATIVE NEW FREEPORT IN EAST OF ENGLAND 
 
Freeport East would focus on the Port of Felixstowe and Harwich International Port – both owned by Hutchison Ports – and be a strategic hub linking UK importers and exporters with suppliers and customers across the globe, situated as it is at the heart of vital trading routes to Asia and Northern Europe 
 
To read more, click on the link below.  
 
 
Brexit border checks trial causes long lorry queues in Kent 
 
Queues of trucks stretching for five miles unexpectedly built up in Kent earlier this week after the French started a trial of post-Brexit checks, according to The Guardian. 
 
Lorries on their way across the English Channel were forced to stop in long lines up to junction 11 on the M20 as they tried to approach the Eurotunnel entrance just outside Folkestone and the Port of Dover. 
 
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