Asia freight market update; July 2023
A subdued peak season, followed by a lengthy slack period, will prompt further rate erosion from Asia to Europe, while rising imports have been driving trans-Pacific spot rates up and…
News
Mixed performance on sea freight lanes
Last week’s spot rate data saw trans-Pacific rates into the US West and East Coasts increase for the 3rd consecutive week, while rates from Asia into North Europe flatlined, Asia…
Leading shipping lines announce Asia-Europe price hike
With no significant peak season in evidence and despite record-breaking deliveries of new container ships, the three biggest carriers have announced General Rate Increases (GRIs) effective from the 1st August.…
Supply chain resilience in ‘normal’ times
The pandemic accelerated transformation in supply chain operations, as businesses finally understood how critical resilience is and where business leaders once viewed the supply chain as an opportunity to drive…
Trans-Pacific sea freight changes
As carriers announce rate increases from Asia to Europe, they are also implementing a raft of service suspensions, port call changes and blank sailings to support freight rates from Asia…
eCommerce fulfilment made simple
Online customers simply want their order delivered intact and in good time, but too often the order fulfilment process is over-burdened with inefficiencies that waste time, money, and manpower. With…
West Coast challenges remain
While ILWU members on the US West Coast have secured a 32% salary increase over the life of the next six-year contract, the deal has yet to be ratified and…
Asia freight market update; June 2023
With 4.9 million TEU in new build container shipping due to be delivered from 2023 to 2024 and Europe’s GDP slowing to 0.7%, capacity should be top of mind for…
Supporting trade with the EU
The Global Forwarding customs teams in the UK and EU have consolidated services, to include foodstuff compliance and fiscal representation, while our transport division continue to expand our commercial fleet,…
China and Western supply chains are interlocked
The countries with which China has the closest economic relationships are Western, including America, South Korea, Singapore, Japan and Germany and China’s export industries remain highly dependent on Western demand.…
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