With 4.9 million TEU in new-build vessel capacity due to be delivered from 2023 to 2024 and Europe’s GDP slowing to 0.7%, constraining consumer demand, capacity will be top of mind for the global shipping lines, as rates sink to
Vessel capacity utilisation remained high from Asia, primarily due to blank sailings and a slight recovery in cargo volumes, but utilisation levels declined early May due largely to China’s Golden Week holidays. Global air freight capacity was 15% last month, with
The Federation of Small Business (FSB) confirms that the US, which is already the UK’s largest trading partner, should be top of the list for UK SMEs looking to build export trade outside Europe. The US tops the list for UK
Optimism among container shipping lines, which has been in short supply in recent months, is increasing after months of rate erosion and abundant capacity, while global air cargo volumes showed some sign of relief in March, as volumes registered
In today’s global economy, international shipping is an essential part of business operations. However, navigating customs compliance regulations can be a complex and time-consuming process. Failure to comply with these regulations can result in significant financial and legal consequences for
The current UK Certificates of Origin will be changing from 1st April and the current version could be refused at any customs point, while HMRC are prompting exporting traders to register for their new declaration service, before the current system, CHIEF,
Trade bodies and shippers have welcomed new arrangement for goods moving between Great Britain (GB) and Northern Ireland (NI) under the terms of the ‘Windsor Framework’ announced by Prime Minister Rishi Sunak and European Commission President Ursula von der Leyen,