China

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. Despite relationships going back decades, long-standing

Excessive demand likely to mean higher contract rates next year on all modes

The early start of the sea freight peak season and its likely extension through 2021 and possibly up to the Lunar New Year in 2022 means the chance of current market rates softening significantly are slender, particularly as disruption in any region creates more congestion and delays, pressuring prices as shippers try to secure scarcer slots. If they have the

Westbound sea freight market update

Demand for imports from Asia and the Indian subcontinent (ISC) continues to outstrip shipping line capacity, in a sign that with inventories low, second-half volumes are unlikely to let up, keeping pressure on a global supply chain infrastructure that is already buckling. The UK’s primary container ports will be expecting a spike in imports from

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 Loadstar lays bare the stark reality for some shippers. In normal times

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 berths return to normal operating levels. All berths, including those in the west port area,

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 and City airports, Birmingham International is one of the UK’s only designated airports for direct flights

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 and making global trade unsustainable. The FBX Baltic index reading this week for