Bangladesh’s garment industry determined to rebuild global confidence
As factories reopen, truck movements increase, and key logistics operations resume, Bangladesh’s garment industry is determined to recover and win back their customers’ confidence.
Rail freight operations resumed on Monday, 12th August, and airports, container freight stations, terminals, ...
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Container ship fires trigger operational and financial risks
The temporary closure of the Beilun Phase III Terminal at Ningbo (one of the world’s busiest container ports) following an explosion on the YM Mobility on the 9th of August, is yet another example of the fragility of global supply chains and the inevitable ripple effects such events have on shi...
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Economic momentum for UK businesses in 2024
With increasing confidence, improving trade prospects, and a focus on stability, the environment is ripe for businesses to capitalise on opportunities. Data from multiple sources shows positive trends, underscoring the resilience and potential of the UK economy.
Business confidence reaches new...
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Bangladesh supply chain disruptions
Bangladesh's Prime Minister, Sheikh Hasina, arrived in India this week following the army's seizure of power after violent riots. This development adds another challenge to global supply chains, with the world’s third-largest garment exporter now experiencing the world’s longest vessel berthi...
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Asia westbound market update
Air and sea freight from Asia continues to demonstrate remarkable resilience and growth, fuelled by robust demand, strategic capacity management, and dynamic trade routes, with India recording significant increases, driven by pro-industry government initiatives, eCommerce, and manufacturing growt...
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US market update: Navigating high demand and looming strikes
Shippers in the US are currently navigating a particularly challenging landscape, marked by elevated air cargo demand and looming threats of labour strikes on the East and Gulf coasts.
Air Cargo
Air cargo on the main trade lanes out of Asia remains in peak season mode. The situation is driven...
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European market review and group developments
The European freight market continues to face a complex landscape, characterised by fluctuating demand and evolving capacity challenges. In this review, we examine the current state of the road freight market and highlight recent group developments, including the acquisition of a Portuguese inter...
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Rising lorry thefts prompt calls for government action
The Road Haulage Association (RHA) has urged the government to establish a specific offence for freight crime and to develop more secure truck stops. This call comes in response to organised crime gangs (OCGs) increasingly targeting cargo, with over £1 million worth of goods stolen in a single i...
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Bangladesh Lockdown Easing
Peaceful protests by university students against a government job quota system favouring relatives of war veterans escalated into nationwide violence last week, resulting in over 150 deaths, communication blackouts, and curfews. Today, Bangladesh began to gradually lift the curfew imposed last Th...
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Record volumes raise concerns for peak season
Global demand for ocean freight container shipping has surged to unprecedented levels, surpassing even the peak during the Covid pandemic and comes when available capacity is already strained due to diversions around Africa, leading to concerns that any peak season demand could be calamitous.
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Global IT outage disrupts supply chains
On Friday, a faulty update to Microsoft software by cyber-security firm Crowdstrike, saw global supply chain operations significantly disrupted, with the fallout expected to take weeks to fully resolve.
Thousands of flights were grounded or delayed at major air freight hubs in Europe, Asia, an...
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SECURITY UPDATE: Red Sea
The recent sinking of the Prestige Falcon oil tanker, following a Houthi attack, marks the deadliest incident involving these strikes to date.
The vessel capsized near the Omani coastal city of Duqm, and while the Indian Navy rescued nine of the 16 crew members, one was found deceased, and six...
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