Supply Chain

Global vessel congestion and schedule delays grows further after Ningbo closure

Just two weeks since the Ningbo-Zhoushan containers terminal closed after a worker tested positive for COVID-19 and container port congestion has spread across China and many other regions. Data from consultancy eeSea highlights how global container port congestion has grown over the past fortnight in China and neighbouring nations, yet has momentarily eased in Europe. Not unsurprising

Ningbo container terminal to reopen

Ningbo Meidong Container Terminal will open tomorrow, having suspended all operations early last Wednesday morning after a port worker tested positive for COVID-19. Local sources now advise that the Meishan Island container terminal will restart operations from 18th August. Despite the Ningbo port authority claiming that it had been able to work at 90% capacity

Carriers inject capacity, but rates stay high

Container carriers are injecting additional capacity into the critical Asia-North Europe trade as they prepare for a strong and prolonged peak season and elevated rates. With the massive consumer and inventory demand continuing, carriers are transferring capacity from other trades and deploying additional vessels, which will increase market volume by 15.1% over the next 12

COVID-19: The critical worker crisis

In an effort to protect supply chains and essential services the government released a list of sectors where fully vaccinated workers may be exempt from isolation if they are told to quarantine after coming into close contact with a positive COVID-19 case. Many of these are within the supply chain and global logistics platforms that

Metro ready for UK’s new single customs platform – are you?

HM Revenue and Customs (HMRC) announced last week that the Customs Declaration Service (CDS), a system integrated with our market-leading technology, will serve as the UK’s single customs platform from 31st March 2023. Operating since 1994, HMRC is finally retiring its Customs Handling of Import and Export Freight (CHIEF) system on 31st March 2023, from

The World Economic Forum’s resilient supply chain formula – how it can assist you to continue to succeed in a challenging environment

The World Economic Forum (WEF) has identified eight points of resilience to help manufacturers and trading companies prepare for supply chain disruptions. The qualities of the most resilient supply chains are based on a survey of 400 senior supply chain executives and representatives from government and academia. Of those surveyed, only 12% of businesses were

Shippers go out of business as ocean surcharges continue to mount

Container shipping lines are becoming ever more inventive with the names they apply to the surcharges they keep adding to already over-loaded FAK rates. The latest example is Hapag-Lloyd’s ‘value-added surcharge’ of $5,000 per 40ft, from China to the US and Canada. The carrier told customers the new surcharge was due to “extraordinary demand from China and the

Sea Freight market update and Q3 Rates

We are in a new world of shipping. There have been spikes in demand and freight rates before, but never for such a long time and never on such a continuously upward trajectory. The challenges we face are unique. Even with demand levels increasing on the most popular trades, equipment availability continues to be an