Significant disruption at UK largest container port

The ongoing impact of Coronavirus on the workforce and terminal operating practices at Felixstowe has reduced productivity which, with unexpected demand spikes, has resulted in high yard density impeding operations and prompted drastic action from port management.  To clear backlogs and ease port congestion, Felixstowe will not accept any export empty containers at the Port

Air freight peak season surge

With passenger flights significantly and severely reduced on most trade lanes, scarcity of air cargo space is ongoing, spot prices are entirely unpredictable and the market, in constant flux, is preparing for a major peak season from Asia. Data from aviation analyst Cirium shows that 3,762 wide-body aircraft, more that 40% of the global fleet,

The perfect storm threatening container haulage

The perfect storm threatening container haulage  There is not an industry sector that has not been impacted to some extent by the COVID-19 pandemic. Even those deemed ‘essential’ have had to battle unprecedented economic and operational challenges, but few have felt the impact quite as keenly as the hauliers that serve the container sector. Container

Container shortages in China

Port operations have been severely diminished and inland distribution massively disrupted by the coronavirus, lockdowns and safe-working practices, which delay the unloading of containers and repositioning of equipment back to China. As European importers struggle to return empty containers to China, fears grow of container shortages threatening supply chains in the current peak shipping season.

Shipping lines set to increase Asia–Europe contract rates

As the container shipping lines continue to control capacity tightly, announcing a new series of blanked sailings in October on the Asia – Europe trade, they are preparing for their annual contract negotiations with the largest shippers on the critical route, with many anticipating higher long term prices.  Sea freight spot rates from Asia-Europe have

40% of firms find better post-COVID suppliers

In a recent survey, reported by the Chartered Institute of Procurement & Supply (CIPS), 41% of firms said that they have found “new and better” suppliers to work with as a direct result of coronavirus. The survey also found that 57% found the outbreak an “incentive” to make positive changes to their business model, with 35% are

UK ports matter

European ports used to be the world’s busiest and largest ports, but have been eclipsed by the impact of globalisation and the massive growth of container ports in Asia.  European ports still have a major role to play in global trade and, as an island nation, particularly so for the UK.  There are 120 commercial

Demand and equipment shortages driving up Trans-Pacific rates

Driven by demand surges and equipment shortages contributing to capacity constraints, container freight rates are rising to 2020 highs as carriers on the eastbound trans-Pacific implement the fourth GRI since the 1st June. Anticipating a continuation of weak demand, carriers blanked 63 sailings from Asia to North America from the beginning of June through to

Trans-Atlantic demand slump is not our experience

The trade press continue to report that trans-Atlantic demand is reduced by the pandemic and that carriers are adding to blanking programmes, while we have evidence of shipping lines refusing bookings due to lack of space. While blanked sailings have been reinstated on the transpacific and extra sailings are now being offered from Asia to

Carriers tighten screws

Westbound Ocean Freight Capacity tightens as carriers turn screws and demand advanced bookings The unexpected surge in East and Westbound demand in June, exacerbated by carriers withdrawing close to half the market’s capacity in May, to match expected low demand saw China to North Europe and UK rates spiking and the highest Transpacific rates achieved from