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Posts tagged “Imports”

 
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 
 
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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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Forth Ports and DP World push forward with Thames Freeport bid 
 
As the Government launches the competitive bidding process, DP World and Forth Ports continue to push forward their bid for a Thames Freeport with London Gateway, the Port of Tilbury and Ford's Dagenham engine plant at its heart. 
 
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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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Felixstowe congestion to continue into December 
 
The Port of Felixstowe says high container volumes may continue through into the New Year, claiming it is taking action to increase resources and remove ‘slow-moving PPE containers’. 
 
Congestion at the UK’s largest container port, Felixstowe, is expected to continue into December and possibly into the new year, as unexpectedly high import volumes, slow-moving containers of PPE, and problems managing the high activity levels persist. 
 
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Air freight prices ex-China continue to rise 
 
China-Europe rates end October 25% higher than in September, despite a dip in demand in the final week of last month, with the market’s six-month recovery broadly continuing. 
 
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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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