Available container equipment shortage continues
Containers continue to be in short supply - particularly in the places where they’re needed most - with wait times varying region to region, country to country and port to port. And even the world’s biggest shipping lines are not sure when their containers will be available, or where.
Desp...
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Sea freight rates to remain elevated into 2022 – and likely beyond
Economists are convinced that global sea freight demand will continue to outstrip container shipping capacity for the rest of this year and into next year, which is good news for the shipping lines’ bottom line, but not so much for shippers, who continue to pay premiums in order to get their pr...
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The pain of pandemic freight rates
There cannot have been many weeks when we were either warning of impending rate increases, highlighting recent increases, or explaining why further rises were likely. And while we have protected our customers from the worst excesses of the lines, this article by Mike Wackett for The&nbs...
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Pandemic reveals weak links in global supply chain
Global supply chains have been under pressure since the outbreak of COVID-19 at the beginning of last year, highlighting deficiencies that have resulted in disruption, delays and rising costs. Along with a roller coaster journey from start to finish.
In time, most of the congestion and di...
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Container ocean freight update; another week in sea freight
Sea freight spot rates have surged further on the trans-Atlantic trade and routes ex-Asia, as a month of port restrictions, congestion and disruption across south China ports diminishes container shipping’s already severe global capacity and equipment shortages.
Shortages of space ...
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Carriers profits soar, but shippers are distressed as a consequence
Rising shipping rates, sea freight disruption and port congestion, will only come to an end when global consumer demand eases, shipping lines believe. But as demand continues to outstrip supply, shippers are already in for a bumpy and expensive summer, with backlogs of growth and inventory st...
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Air cargo peak season starts early with no end in sight
Chaotic sea freight markets are driving delayed distressed planned ocean cargo over to faster air freight, creating an artificial early peak season, in which massive global demand meeting limited capacity, means that only the highest paying cargo will make it out of Asia on a flight, reg...
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Yantian port looking to resume full container operations
Hutchison Port’s Yantian International Container Terminal (YICT) have announced that they will resume full operation from 00:00 on the 24th June, with effective controls of COVID-19 in place in the port areas and daily handling capacity increasing to 27,000 teu’s when all 11 be...
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Hundreds of vessels waiting for berths, as congestion continues on a Global scale
Over 300 vessels, the most in the history of container shipping, are currently waiting for berths around the globe, as the industry continues to struggle with the operational impacts of COVID-19 and sustained demand at unprecedented levels.
While we have reported many times on port congestion,...
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Sea freight rates from China 1,000% higher than a year ago into UK/ Europe
With the container shipping lines imposing yet another round of general rate increases (GRI), FAK (freight all kind) rates from China are looking at passing $20,000 per 40’ container, while calls are rising for the industry to be regulated as a utility to prevent it restricting capacity an...
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Air Freight Update; Central UK hub re-opens for Metro air freight arrivals
With increased support from key carrier partners, Metro has recommenced routing air freight traffic directly to our Birmingham Airport hub, from key Middle East and Asia origins, as well as trucking consignments directly from southern airports and mainland Europe.
Alongside Heathrow, Gatwick a...
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Severe driver shortage threatens freight collections & deliveries
The mass departure of EU lorry drivers from the UK since Brexit has left hauliers facing an acute staff shortage of qualified drivers, that has been compounded by a backlog of driving tests due to the pandemic and is a looming crisis for the UK transport industry, with an impact on container mo...
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