Sea Freight market update and Q3 Rates
We are in a new world of shipping. There have been spikes in demand and freight rates before, but never for such a long time and never on such a continuously upward trajectory.
The challenges we face are unique. Even with demand levels increasing on the most popular trades, equipment availabil...
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Shippers go out of business as ocean surcharges continue to mount
Container shipping lines are becoming ever more inventive with the names they apply to the surcharges they keep adding to already over-loaded FAK rates.
The latest example is Hapag-Lloyd’s ‘value-added surcharge’ of $5,000 per 40ft, from China to the US and Canada.
The carri...
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Post-Brexit update: Haulier and multimodal transport market latest
UK hauliers are under massive pressure, struggling to counter the border delays, increased administration and crippling driver shortages that have plagued the industry since Brexit and now, as they fear the full UK border checks due in January, drivers are planning a strike in August.
Surges i...
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Putting the human back into HR
One of the key success factors for high performing service providers, is consistently enhancing their ‘product’, by putting their people first, with efficient and effective HR strategies.
There are many different types of HR strategies, but at their heart, they all start with the same foun...
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Automotive supply chain issues not just about semiconductors
An unexpected upturn in consumer demand is playing havoc with Europe’s automotive supply chains, as supply shortages disrupt OEM’s manufacturing productivity
Factory shutdowns were a significant contributor to poor sales in 2020 and there were fears that a shortage of semico...
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Westbound sea freight market update
Demand for imports from Asia and the Indian subcontinent (ISC) continues to outstrip shipping line capacity, in a sign that with inventories low, second-half volumes are unlikely to let up, keeping pressure on a global supply chain infrastructure that is already buckling.
The UK’s primary co...
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Extended hours and secret visa talks to end driver crisis – or will they?
Driver hours have been temporarily legally extended and the government launches secret visa talks for foreign lorry drivers, amid a staff shortage that threatens to undermine supply chains.
Over 45,000 HGV driver tests are outstanding at DVSA as a result of the COVID-19 lockdowns, while 79...
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Excessive demand likely to mean higher contract rates next year on all modes
The early start of the sea freight peak season and its likely extension through 2021 and possibly up to the Lunar New Year in 2022 means the chance of current market rates softening significantly are slender, particularly as disruption in any region creates more congestion and...
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Available container equipment shortage continues
Containers continue to be in short supply - particularly in the places where they’re needed most - with wait times varying region to region, country to country and port to port. And even the world’s biggest shipping lines are not sure when their containers will be available, or where.
Desp...
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Soaring India freight rates fuel demand for government backed national shipping line
The Federation of Indian Export Organisations (FIEO), the official body responsible for representing and assisting Indian exporters, has submitted a formal request to the Indian government to invest in developing its own shipping line, in response to ‘exorbitant’ freight rates.
As we have ...
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Sea freight rates to remain elevated into 2022 – and likely beyond
Economists are convinced that global sea freight demand will continue to outstrip container shipping capacity for the rest of this year and into next year, which is good news for the shipping lines’ bottom line, but not so much for shippers, who continue to pay premiums in order to get their pr...
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Safely moving dangerous goods
Lithium-Ion (Li-ion) batteries are a type of rechargeable battery that’s used commonly in electronic devices such as smartwatches and mobile phones, with demand for larger Li-ion batteries to power electric vehicles, but there are significant challenges in transporting these hazardous products....
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