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Sea-borne imports into the United States have grown by more than a quarter compared to pre-COVID 2019 levels and this at a time when the trade press is full of reports about deglobalization, near-shoring, and global economic tensions. Despite the stories
Asia’s export trades are as challenging today as they were during the pandemic, with extremely tight vessel space, equipment shortages, and port congestion leading to a surge in spot rates, which analysts forecast could reach stratospheric levels. Vessel schedule reliability from
Gemini Cooperation partners Maersk and Hapag-Lloyd plan to deliver massively improved schedule reliability levels of 95% after they launch next year, but they will likely face challenges in attempting to do so. The Gemini Cooperation partners believe that if they can
Research by the British Chambers of Commerce (BCC) has found that the Red Sea disruption has increased costs and created delays for over half of British importing manufacturers and retailers (53%), with over 55% of exporters also experiencing increased costs
At 05:30 GMT yesterday the 26th March 2024, the 9,662 TEU vessel “Dali” leased by Maersk collided with the Francis Scott Key Bridge in Baltimore, sending at least 20 people and a significant section of the bridge into the Patapsco
With the European Union’s surprise decision to end container shipping lines’ exemption from competition law in April next year, and imposing carbon taxes on them from January, European container shipping may have a challenging 2024. The abolition of the Consortia Block
An industry survey by the British International Freight Association (BIFA) on carbon emissions within the logistics sector has revealed that it is not just legislation that is driving change, but that client pressure is playing an increasingly significant role. While 15%
The UK Trader Scheme (UKTS) has been replaced by the new UK Internal Market Scheme (UKIMS) with effect from 30th September 2023, which will enable GB businesses to join and declare goods “not at risk” if they are brought into
Sea freight spot rates ex-Asia to both North Europe and the Mediterranean have fallen again, prompting carriers into last-minute cancelled sailings, while they are being hit by a huge spike in fuel costs. Container shipping lines across the three alliances
Container Trade Statistics (CTS) demand data has been released for June and even though demand measured in TEU Miles is essentially hovering around zero the collapse in demand appears to have halted, and while it may be at a low
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