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Posts tagged “Logistics”

 
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.  
 
 
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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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. 
 
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UK government signs $100m Brexit freight capacity deals 
 
The UK government has signed agreements with four ferry operators to provide freight capacity equivalent to over 3,000 HGVs per week, in an attempt to mitigate the risk of disruption to key freight flows and supply chains as the UK and the European Union (EU) adjust to new border processes at the end of the UK’s transition period from EU rules at the end of this year. 
 
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Proud member of BIFA & FIATA 
 
We are pleased to announce that we have become a member of The British International Freight Association and International Federation of Freight Forwarders Association. 
 
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