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Effective from the 30th September the new UK Internal Market Scheme (UKIMS) replaced the UK Trader Scheme (UKTS) for shipment to Northern Ireland (NI) and will enable GB businesses to declare goods “not at risk” if goods are for sale…
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Carriers are frantically cutting October sailings from Asia to Europe, to try and get capacity below demand levels, in a final attempt to support rates, before the start of the traditional slack season, because their next opportunity to significantly raise…
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Once the container shipping lines’ most steady and dependable trade-lane, and then their unexpected post-pandemic cash cow, the trans-Atlantic market has dropped dramatically and offers shippers a significant opportunity, but only if they act now, before the market rebounds. Spot…
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While much has been made of the impact of the peak season from Asia on sea freight rates, arguably the line’s capacity management is a bigger driver, with rising rates to the US and attempts to recover revenue from Asia…
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Spot sea freight rates from Asia to Northern Europe spiked last week by 25%, but may now have fallen back over 7%, while average spot rates from Asia to the US West Coast have increased 70% over the last two…
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In early July we reported how Maersk took the market by surprise with an FAK spot rate increase on its Asia-North Europe and Mediterranean services, with other carriers quick to follow their lead and while it remains to be seen…
Read MoreA subdued peak season, followed by a lengthy slack period, will prompt further rate erosion and while the Asia to Europe sea freight trade-lane has been relatively healthy and positive in June, with record numbers of new- build capacity being…
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Container shipping line Maersk took the market by surprise last Monday, announcing that it would impose a 49% freight all kinds (FAK) spot rate increase on its Asia-North Europe services, with other carriers quick to follow their lead. At this…
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