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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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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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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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