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Category: News

Yantian disruption impacting terminals across the Pearl River Delta

The severe congestion that has been impacting Yantian for over two weeks is now worse than March’s Suez Canal blockage and has spread to Shekou and Nansha, with new testing rules for truck drivers creating even more disruption. (more…)

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Sea market update; May

Sea freight demand from across China and Asia remains consistently strong, with rates at their highest ever levels and many sailings full into June, while continuing equipment shortages at many origins are likely to be exacerbated, as carriers cancel sailings,…

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Air market update; May

IATA is predicting a positive outlook for air cargo demand and believes it will continue to improve as bellyhold services pick up, but with freighter capacity “maxed out” and travel restrictions likely to remain in place, it is unlikely much…

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Carriers fear delays and equipment shortages

Congestion in North Europe’s major ports will reach “critical” levels over the next four weeks as container terminals work through the backlog of ships delayed by the six-day Suez Canal closure, shipping lines have warned. (more…)

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The blocked Suez Canal will trigger more than delays

In addition to triggering renewed port congestion, the grounding of Evergreen’s Ever Given, may indirectly lead to surcharges, price pressures and blanked sailings. The 20K TEU Ever Given ran aground in the Suez Canal on Tuesday morning and efforts have…

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Importers missing out on cashflow benefit

Postponed VAT Accounting (PVA) was devised ahead of Brexit, to avoid the negative cash flow impact of an additional VAT bill at the EU/UK border, but the simplification is not limited EU shipments and offers potential cost savings and cashflow…

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Government announce Brexit border control delay

In a critical development for many importers, Michael Gove informed Parliament today that the UK will be delaying the roll out of its second and third phases of post-Brexit border procedures. (more…)

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Market report (wk 8)

Managing supply chains is always challenging and over the last year you have been challenged more than ever, which is why we have simplified compliance solutions for deliveries into the EU and continue to provide air freight services from Asia…

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