Ex-Asia spot rate spiral turned into shooting star
Container shipping lines have announced significant rate hikes on all ex-Asia trade lanes, due to increased demand and increasing equipment challenges in more origins and it would be prudent to expect more of the same.
Effective capacity to North Europe has decreased by 5% compared to a year a...
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Airfreight market continues to fly – for now
The surge in Asia to Europe ocean freight (see ‘Ex-Asia spot rate spiral turned into shooting star’) is also boosting demand for airfreight to Europe and even to North and South America.
Uncertainty and delays with ocean shipments have been encouraging more shippers to transfer to airfreig...
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Red Sea diversions create Western Mediterranean port congestion
The mass diversion of container ships away from the Red Sea since December has raised fears of congestion across west Mediterranean container ports, as carriers from Asia drop boxes destined for the eastern Mediterranean.
Instead of entering the Mediterranean Sea dead end, created by the effec...
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Importers concerned at cost of Brexit trade checks
Delayed five times by the UK government, post-Brexit physical border checks of animal products, plants and plant products through the Port of Dover and Eurotunnel were finally implemented on the 30th April 2024. However, importers of affected products express concern about additional costs.
Th...
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India; sourcing opportunity
For years India has been looked to as the next global manufacturing powerhouse and it now appears to be finally becoming the manufacturing power and sourcing alternative to China that it has long promised to be.
India’s Prime Minister Narendra Modi inherited an economy that was teetering on ...
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Ocean demand outweighs supply
The ongoing impact of vessel diversions as a result of the Red Sea conflict continues to absorb available capacity at a time when demand is rapidly increasing. Container volumes are already higher than many predicted and there is a possibility that we have already entered a peak season market env...
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State of the air freight market
The effective closure of the Red Sea and the Suez Canal to container ships is adding around two weeks to supply chain transit times and creating a backlog of manufacturing components, late shipments and inventory replenishment, with critical consignments reliant on air solutions. While Iran's att...
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China makes too much, but production is moving
The West says China makes too much, but many manufacturers have moved production to other countries to cut costs, leaving once prosperous manufacturing hubs like Dongguan struggling to adjust.
In recent years workers began to demand higher wages, while companies began cutting prices in order t...
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Red Sea crisis expanding and growing
After the longest period of attack-free shipping in the Red Sea since December, the situation in the region is escalating, with an increase in Houthi attacks, fears that the ‘danger area’ may be expanding into the Arabian Sea and Indian Ocean and an Iranian vessel hijack off the Gulf of Oman....
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Strengthening global partnerships: India
Metro’s main board recently completed a multi-city tour across India, as part of a strategy to fortify existing partnerships with key suppliers and to carve out new avenues for growth, by direct engagement with prospective customers.
The visit spanned several major cities including Mumbai an...
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UK and EU customs border changes
ICS2 advance filings will be used by EU customs to identify high-risk shipments from the 3rd June, while post-Brexit import charges which come into effect on the 30th April have raised fears of UK food price inflation.
The UK Common User Charge (CUC)
The CUC will apply to each commodity line ...
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Red Sea update
The last three months of 2023 were some of the worst for liner shipping’s finances in recent years, while early volume indications for this year suggest the coming months could bring stronger trading conditions for shipping lines, especially with the Red Sea diversions and capacity management t...
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