PSP Worldwide Logistics London Paul Kelly, Author at PSP Worldwide Logistics London

Freight market report – June 2023

While Europe’s GDP growth is projected to slow to 0.7% in 2023, record volumes of new ships are joining a global fleet, which is sailing at ever slower speeds, as the shipping lines attempt to absorb additional capacity, by diminishing…

US West Coast deal agreed, but East Coast facing own challenges

Industrial actions by ILWU locals in the Pacific Northwest and Southern California, which lasted a week, were lifted on Monday and after Whitehouse intervention a new contract agreement has been announced, but Panama Canal navigation restrictions are impacting vessels serving…

New Heathrow ‘sensitive’ cargo handling facility

The opening of IAG Cargo’s ‘New Premia’ facility and the addition of critical cargo handling capability at our local airport will offer greater efficiencies for temperature sensitive consignments. The New Premia incorporates IAG Cargo’s state-of-the-art Constant Climate Quality Centre, which…

UK replace General Scheme of Preferences

The Developing Countries Trading Scheme (DCTS) replaced the UK General Scheme of Preferences (GSP) last week, but proofs of origin remain the same and there will be a grace period to allow the use of UK GSP documents to claim…

Freight market report – May 2023

Capacity utilisation had remained high from Asia, primarily due to blank sailings and a slight recovery in cargo, but utilisation levels slipped due to China’s Golden Week holidays and while global air freight capacity was up 15% last month, rate…

UK SME’s favour the US

According to new research by the Federation of Small Businesses (FSB), the United States is favourite for 59% of exporting SME’s looking to trade outside the EU, with Australia 44% and Canada 36% following. The US is also the top…

The sea freight model from China is changing

With the break up of Maersk and MSC’s 2M alliance in under two years, the shipping line alliance structure that has given the biggest container carriers the power to adapt services and capacity to maximise profitability will end. The 2M…

Exciting times for exporters

Despite the UK’s economic travails, our recessionary flirting and a weak pound, the economy is actually quite resilient and exports will play a critical role in shortening the downturn. The Secretary of State for International Trade, Kemi Badenoch, said that…