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The supply chain updates and developments that matter
Normal(ish) operations continue at most Israeli sea freight terminals, but a backlog of vessels is growing and while some airlines have resumed services to Israel, the industry is still exercising caution and charter requests are becoming increasingly harder to fulfil.…
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Container shipping lines will be introducing new surcharges from 2024 to cover the costs of the EU Emissions Trading System scheme and while some cost indications have been provided, there are many problems in calculating the “correct” surcharge. The EU…
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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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The latest Drewry World Container Index is now 85% below its 2021 peak and 42% lower than the 10- year average, indicating a return to more normal prices. However, it remains 10% higher than average 2019 (pre-pandemic) rates. (more…)
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The UK Government has announced that post-Brexit checks on EU imported food and food products have been delayed for a fifth time and pushed back to end January 2024, however, with over a third of EU exporters unprepared, it may…
Read MoreThe government has extended the timeline for businesses to be submitting export declarations on HMRC’s new Customs Declaration Service (CDS), which is replacing the legacy CHIEF system. The Customs Declaration Service has already replaced imports in the UK and we…
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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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