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Posts tagged “Shipping”

 
LONDON GATEWAY IS NEW PORT OF CALL FOR TWO MAJOR INTERNATIONAL SHIPPING SERVICES 
 
DP World has announced that London Gateway, Britain’s fastest growing container terminal, is now the UK port of call for two new major international shipping services, connecting the economies of Western Europe with the Eastern Mediterranean, North Africa and Russia. 
 
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Red hot box rates show first signs of cooling 
 
Sky-high spot rates have been sustained on container shipping’s trunk trades in 2021 so far, but there are finally signs of respite ahead of the post-Chinese New Year period. 
 
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Global supply chains ‘unlikely to fully recover this year’ 
 
Supply chain industry executives hold little hope for a global recovery from the Covid-19 pandemic in 2021, although many still see opportunities to increase business activity in emerging markets, despite a shift in the factors driving such investments, the annual Agility Emerging Markets Logistics Index survey today reveals. 
 
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Box port delays causing service cancellations 
 
Major global container lines are being forced to cancel significant numbers of east-west services due to exceptionally long delays to vessels caused by congestion in Asian and North American ports. 
 
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China reaffirms attempt to cap box shipping rates 
 
China said it is planning to release measures to tackle the thorny supply issues for shippers in the container shipping market, raising concerns about another round of clampdowns on freight rates. 
 
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PORT OF FELIXSTOWE SELECTED FOR UK GOVERNMENT 5G TRIAL 
 
Hutchison Ports’ Port of Felixstowe will be the largest UK port to deploy 5G technology and the Internet of Things (IoT) to enhance productivity, efficiency and safety across its core operations 
 
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Ocean freight issues adding to squeeze on air cargo capacity 
 
Shortages of containers and capacity for ex-China exports plus vessel schedule disruption are continuing to drive modal shift to air, adding to a squeeze on air freight capacity already stretched by buoyant demand. 
 
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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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