Asia and freight market update; October 2023
After a full year of month-on-month falls in ocean freight rates, the Xeneta Global Index (XSI) recorded its first gain in 13 months, edging up 0.2% in September. OCEAN Although…
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Optimise customer experience to grow your online business
Customer service is the critical differentiator in growing your business profitably, because winning over customers and earning their trust has less to do with what you’re selling and more to…
Shippers need to take note of EU-ETS surcharge
New EU emissions regulations are set to come into force in January, covering voyages into, out of and through the EEA and the maritime industry’s cost of compliance could be…
New vessels join global fleet as sailings blanked
The percentage of industry-wide blanked capacity between Asia and Europe has increased significantly from previous years to 17%, with Golden Week cancellations spiking, while 47 new container ships have already…
U.S. Customs brokerage with a personal touch
Global Forwarding keep importers and exporters compliant and free of regulatory penalties, processing declarations through customs and associated border agencies at global origins and destinations, with dedicated brokerage teams in…
Asia and freight market update; September 2023
The latest Drewry World Container Index is now 85% below its 2021 peak and 42% lower than the 10-year average, indicating a return to more normal prices. However, it remains…
Leveraging delivery in cost-of-living crisis
For every 100 online shopping carts, 70 will be abandoned, with 40 shoppers deciding that the quoted delivery cost was too high and another 11 not prepared to wait for…
UK food border checks ARE delayed again
The FT’s report that the government would delay new health certification requirements for medium and high-risk goods from the EU has been confirmed, with last week’s confirmation that the government…
Sea freight capacity cuts ex Asia to USA and Europe
With less than four weeks before China’s national Golden Week holiday (1st-7th October) following which the traditional slack season begins, the container shipping lines are ramping-up their trans-Pacific and North…
HMRC to phase export transition to CDS
HMRC announced earlier in August that the planned hard start on the 30th November 2023 has changed, in favour of a phased transition to the Customs Declaration Service (CDS) from…
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