Red Sea crisis expanding and growing
After the longest period of attack-free shipping in the Red Sea since December, the situation in the region is escalating, with an increase in Houthi attacks, fears that the ‘danger area’ may be expanding into the Arabian Sea and Indian Ocean and an Iranian vessel hijack off the Gulf of Oman....
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Red Sea, garments and eCommerce among factors driving up airfreight rates
Traditionally airfreight rates would soften at this time, as the start of the airline passenger summer season adds significant amounts of belly-hold airfreight capacity on long-haul routes, but pockets of high volumes are pushing rates up.
Globally, the air cargo market is experiencing rising ...
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Strengthening global partnerships: India
Metro’s main board recently completed a multi-city tour across India, as part of a strategy to fortify existing partnerships with key suppliers and to carve out new avenues for growth, by direct engagement with prospective customers.
The visit spanned several major cities including Mumbai an...
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UK and EU customs border changes
ICS2 advance filings will be used by EU customs to identify high-risk shipments from the 3rd June, while post-Brexit import charges which come into effect on the 30th April have raised fears of UK food price inflation.
The UK Common User Charge (CUC)
The CUC will apply to each commodity line ...
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Metro is a certified Great Place to Work
Metro has been officially certified as a Great Place to Work, in an accreditation that recognises our commitment to create an outstanding, rewarding workplace, with a strong focus on building a positive culture and supporting individuals.
Great Place To Work (GPTW) Certification recognises em...
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The Carbon Border Adjustment Mechanism
There are 195 signatories to the Paris Agreement to limit their greenhouse gas (GHG) emissions, though some including the EU and UK have undertaken to cut carbon emissions faster than others.
The EU’s Emissions Trading System (ETS) continuously expands to include new sectors to encourage ind...
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Red Sea update
The last three months of 2023 were some of the worst for liner shipping’s finances in recent years, while early volume indications for this year suggest the coming months could bring stronger trading conditions for shipping lines, especially with the Red Sea diversions and capacity management t...
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Baltimore supply chain contingencies
In Baltimore work to remove the 9,662 TEU vessel Dali and damaged bridge has begun, with seven floating cranes and 30 vessels on scene, but with 4,000 tons of steel pinning the ship to the riverbed port officials suggest vessel diversions could last three months.
The bridge collapse will mean ...
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MPC Maintain the status quo…for now
On the 21st March the Bank of England’s Monetary Policy Committee (MPC) surprised no one by holding interest rates at 5.25% for the fifth time in a row, with eight of nine committee members voting to leave rates unchanged in March.
Despite maintaining the current status quo Andrew Bailey, ...
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Avoiding the bill that Dali shippers will face
The Francis Scott Key Bridge in Baltimore collapsed after the container ship, Dali, collided with it last Tuesday. The eventual cost of the disaster is expected to be hundreds of millions of dollars and shippers with cargo aboard the Dali could ultimately be responsible for the ship's damages and...
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Maersk vessel collapses Baltimore bridge
The Dali, a time chartered Maersk container vessel with two pilots onboard, crashed into a support pylon of the Francis Scott Key Bridge in Baltimore, Maryland, in the early hours of Tuesday 26th February, collapsing a large section of the 1.6 mile bridge into the Patapsco River.
The Francis S...
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TPM and US review
Organised by the Journal of Commerce, TPM (Transpacific Maritime Conference) is the premier global shipping and supply chain conference, attracting senior executives from all areas of the industry.
Held annually in the port city of Long Beach, California, TPM brings together shippers, carriers...
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