News

Lines set to impose new round of increased fuel surcharges for Q2

The sea freight bunker industry has been undergoing significant change since the introduction of the IMO2020 rule and the impact of measures taken in response to the Coronavirus pandemic have contributed to major shifts in oil market dynamics, with rising prices encouraging shipping lines to increase their BAF surcharges from April 1st 2021. The Bunker Adjustment

Q2 sea freight market report

With the 2nd quarter (Q2) of 2021 just a week away, we review five key issues, that are likely to impact maritime logistics platforms over the next three month period and the actions that you can take to protect your cargoes and the integrity of your supply chains. Equipment, space and congestion issues remain a

Suez Canal blocked by container ship

At 7:40 am on 23 March 2021, the 20k TEU container ship Evergreen Ever Given was navigating the Suez Canal when it ran aground, turning the ship sideways and blocking the canal, with the potential to impact oil and sea freight prices if she cannot be freed quickly by the tugs currently trying to assist. Update

The mind-boggling logistics of Singles’ Day

Singles’ Day is an unofficial Chinese holiday celebrating people who are not in relationships, with the unmarried commemorating the occasion by treating themselves to gifts, making Singles’ Day the largest online shopping day in the world, by quite some margin. With 1.9bn products ordered in 2019 and many more expected this year, 3m people, 4,000

UK export surge thanks to manufacturers

Manufacturing output continued to rise in September, after the three-month low recorded in June. September saw manufacturing continue its recovery from the steep Covid-19 induced downturn, as global importers continue to demand goods from the UK. The IHS Markit Manufacturing Purchasing Managers’ Index (PMI) recorded a small dip in September to 54.1, following August’s two-and-a-half

US Polar Vortex

A third of the United States has been experiencing temperatures of -17C (0F) or below, with loss of life and severe impact on freight and transport infrastructure. Temperatures are expected to swing above average over the weekend, which means that the situation will quickly normalise. The polar vortex’s most severe impact has not been long,