News

October Freight Market Report

Market fundamentals have been changing rapidly and the costs of transporting goods out of China and many other critical sourcing regions continues to sink amid a sharp slowdown in western economies.  Air freight rates continue to soften, with ocean rates

Noatum Logistics short-listed for UK freight forwarding award

Two years after winning the British International Freight Association’s ‘Air Cargo Services Award’, Noatum Logistics has been shortlisted in the category again at the freight trade association’s 2022 Freight Service awards. BIFA represents and promotes the freight forwarding sector to NGO,

The IMO 2023 challenge to container shipping

IMO2020 enforced changes in the low-sulphur fuel types that container ships used, or the use of high-sulphur scrubbers, to cut the carbon intensity of all ships by 40% by 2030. In two months, IMO 2023 will require containers ships to

New tax for non-reusable plastics in Spain

Spain’s Law 7/2022 of 8 April 2022 on waste and contaminated soils (“LRSC”) introduced a new tax on non-reusable plastic packaging, which will be effective as of 01-01-2023.   The Plastic Packaging Tax is defined as a tax of an indirect nature

ningbo port lockdown

Ningbo (Beilun) under lockdown

The district of Beilun, including Ningbo, is now under lockdown. The order was issued on 14th October due to the rise in Covid-19 cases. Authorities swung into action after a Covid-19 infection was confirmed on 13 October, prompting contingency execution

demurrage detention

Difference between demurrage and detention

Containers are normally owned or leased by shipping lines that provide them to their customers (shippers or merchants) for the safe and fast door-to-door transport of their goods. Because the cost of using the container during door-to-door transportation is included

reefer shipment

Preparing your temperature-controlled cargo for transportation

Reefer containers allow cargo to be temperature-controlled from pickup to drop-off. These containers can carry frozen foods, meat and fresh produce, but also many other products like electronic equipment, flowers, medicine, cosmetics and fine art are also hauled in reefers. Refrigerated

Overlapping Felixstowe and Liverpool port strikes

Dock workers at Felixstowe, Britain’s biggest container port, started their second walkout this morning, with an eight-day strike over pay, that overlaps a similar walkout over pay by Unite Union members at the Port of Liverpool from the 19th September

September Freight Market Report

As global economies take a battering, with purchase manager indices and consumer sentiment plunging, the inevitable slowing in demand is leading carriers to blank sailings, with 8.8% of capacity due to be pulled from Asia to Europe and a pronounced