Air at capacity for rest of month
Despite an increase in air cargo charters and passenger aircraft operating as freighters, that has added significant air cargo capacity, the demand to air freight critical goods outstrips demand and is likely to do so for some time
With lockdowns set to continue for at least another month in E...
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Indian port congestion looms
In an emerging situation that has potential ramification for UK exporters, India’s already congested ports face further turmoil after Prime Minister Narendra Modi has suggested that the country’s three-week lockdown may have to stay in place beyond April 14 for a further two weeks.
With mo...
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Government support for exporters welcomed
To help drive the UK’s recovery, from the any economic downturn, the Department for International Trade (DIT) emailed 160,000 exporters across the country this week to outline the support measures available to them.
As well as advice on what financial support is available to manage the impac...
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Idle containership capacity hits all time high
The high number of service withdrawals and blank sailings that carriers have announced for the coming weeks is expected to push the inactive containership fleet capacity to more than 3 Million containers (teu). Easily passing the previous high, recorded in early March, by over half a million cont...
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WTO forecast economic rebound next year
The World Trade Organization (WTO) is predicting a severe decline in international commerce this year, with a rebound of 21-24% in 2021.
The Geneva-based WTO forecast yesterday a plunge in global trade in goods this year of between 13% and 32% due to the COVID-19 pandemic before a likely rebou...
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Containership wipes out Korean port
On Monday, K Line’s 15,000 TEU ship the Milano Bridge collided with a berth at the South Korean port of Busan, demolishing one gantry crane and damaging four others.
At the time of the incident, the ship was in a berthing operation, with tugs in attendance and a pilot aboard.
Port officia...
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Emirates increase service
Commencing today, 7th April, Emirates are increasing cargo frequency/capacity between Dubai and London Heathrow, with new passenger flights joining their two weekly freighters.
The additional flights will operate on Monday, Wednesday, Thursday and Saturday as detailed below:EK029 07Apr20-30Apr...
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Containerised tribute to NHS
To coincide with last Thursday’s show of support for the NHS, the London Container Terminal at The Port of Tilbury, undertook a container shuffle of 137 containers to create a special message to NHS workers.
Commenting on the container shuffle, Paul Dale, Asset & Site Director at the Por...
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Shipping line void the Suez Canal
Shipping lines seeking to reduce costs have often contemplated the historic trade route around Africa’s Cape of Good Hope, because it’s a move that would save them millions by avoiding the toll charges of the Suez Canal, but it depends on very low fuel costs and shippers willing to accept sai...
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Chinese introduce medical export control
Reacting to concerns raised by western countries about the quality of some medical products, Chinese authorities said last week that destination quality certification is no longer acceptable and that only those manufacturers with accreditation to sell their products within China will be allowed t...
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ALL supply chain workers are essential
The Department for Transport (DfT) has confirmed that workers in ALL supply chains are “essential” and should continue to work to the greatest extent possible through the current Coronvirus lockdown.
There has been much uncertainty with regards to the government’s definition of ‘essent...
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Rates are not guaranteed to do anything
Economic shutdown in the UK and US, together with passenger air traffic suspensions by the US, has meant demand for imports has dropped, as retailers and other importers closed.
With cancelled orders diminishing demand the container lines have begun an aggressive blanking programme of more tha...
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