PSP Worldwide Logistics London News - PSP Worldwide Logistics London

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…

Freight market report – April 2023

Things have not been easy for the container shipping lines in recent months, but this appears to be changing, with full ships and stabilising spot rates, after months of rate erosion and abundant capacity. The International Air Transport Association (IATA)…

After four delays EU import checks will begin

Delayed checks on imports from the EU, which are legally required under the Brexit trade deal, will be introduced in three parts from October - subject to industry feedback. (more…)

Exporters need to prepare for declaration and Certificate of Origin (CoO) changes

From 1st April 2023, any pre-printed COO’s which have the old International Chamber of Commerce (ICC) logo could be refused at any customs point as an invalid document, while export declarations will soon be made through the Customs Declaration Service (CDS) and…

New agreement with EU may signal end of Irish Sea border

Trade bodies and shippers have welcomed changes to the Northern Ireland Protocol contained in the ‘Windsor Framework’, that has been agreed in principal and announced by the UK and EU on the 27th February 2023. (more…)