Supply Chain

Yantian port disruption widens with global ripple effects

While some container shipping lines will continue calling at Yantian, other carriers have already diverted ships as the port’s operations have deteriorated, with Maersk warning that delays are now expected to last two weeks. The Yantian congestion is yet another disruption to global shipping still reeling from the impact of the Suez Canal blocking in

Sea freight rates continue rise

Monitored ocean Freight all Kinds (FAK) rates rose yet again this week from their already record-high levels, across all major East-West trades, up 518% on their level a year ago into Northern Europe and expected to remain on the higher side due to port congestion, huge demand and lack of equipment availability. Shippers from Asia are bracing for imminent General Rate Increases

UK exports hit by EU and US tariffs

Despite the tariff-free deal agreed with the EU, up to £3.5bn of British exports have already had taxes applied and the US has introduced new tariffs worth $2bn on European goods, including products from the UK. British goods worth billions of pounds, accounting for about 10% of British exports to the EU, have faced tariffs

Carriers skipping congestion hit China ports

As Yantian announces further reductions in container gate-in times, to try and alleviate congestion, shipping lines are skipping calls at Chinese ports, with the mission to improve schedule reliability and equipment availability. The partial shutdown of Yantian International Container Terminal (YICT) last week is a stark reminder of the impact that local COVID-19 outbreaks can have, with

Swiss harden position in EU market access talks with the BLOC

Last Wednesday, Switzerland announced its withdrawal from negotiations on closer ties with the EU, after failing to reach agreement on wages and immigration. The move by the Swiss government to withdraw from negotiations on a single encompassing “framework agreement” may result in some form of ‘Swexit’ as it seeks to evolve its relationship with the EU. The

Ships continue to queue at congested US ports

Congestion levels at the major North America container gateways is expected to continue into the summer, as container imports from Asia grew a massive 31% year on year. With 1.57m teu arriving at US ports from Asia last month, the highest level on record, the container import boom shows no sign of slowing as lockdown

Why Sea/Air is the smart choice from Asia

The global freight market continues to present challenging circumstances wherever you are shipping, by whatever mode you have chosen and on whatever trade lanes that you are operating. It is a global situation which has worsened over the last 12 months from famine to feast from a carrier perspective – so they can consider it has