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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The UK Trader Scheme (UKTS) has been replaced by the new UK Internal Market Scheme (UKIMS) with effect from 30th September 2023, which will enable GB businesses to join and declare goods “not at risk” if they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
Average spot rates from Asia to the US West Coast have increased 70% over the last two months, with the lines successfully implementing a series of rate increases, while rates from Asia to Northern Europe spiked last week by 25%,
With International Longshore and Warehouse Union members voting 75% in favour of the four-year agreement reached in Western Canada and the port of Halifax, Montreal is the last major container port to agree a new labor contract, as the federally
Despite the apparent lack of a traditional peak season, excess capacity and new container ships queuing up to join the trade, Maersk has announced a massive rate increase, with other lines following in their wake. Traditionally, at this point in the
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