Operations have resumed after Typhoon Lekima hit Shanghai, Ningbo and nearby cities.
The typhoon, Lekima, is coming to east China’s Zhejiang province and approaching Xiangshan (Ningbo).
The United States is the UK’s biggest single trade partner and with over 60% of that trade moving by air freight, it is critical that shippers ensure they consistently receive the best US air freight rates and have the most effective solutions in place for air imports and air exports.
We are monitoring potential strike action at London Heathrow, which may impact freight operations, if carriers move cargo away during the threatened days of action.
The world’s second largest container carrier, Mediterranean Shipping Company (MSC), has had its CTPAT status suspended, following the seizure of 15.5 tons of cocaine from the containership MSC Gayane in the Port of Philadelphia.
A global economic slowdown, trade wars and Brexit uncertainty are slowing demand and increasing the surplus capacity on the Asia-Europe trade, leading some shipping lines to make deep capacity cuts ahead of the peak season.
When President Trump initiated a trade war with China last year, the Chinese retaliated by increasing duties on US exports, while simultaneously decreasing the tariffs that other trading partners faced, creating a significant opportunity for active exporters.
With ramifications for shippers, the International Maritime Organisation (IMO) has ruled that from the 1st January 2020, the marine sector will have to reduce sulphur emissions by over 80%, by cleaning existing fuel systems (using scrubbers) or switching to more expensive lower sulphur fuels.
The forecast slowdown in trade demand in 2019 and more new container ships due on the Asian trade, has already seen increased use of slow steaming, ship idling, blank sailings, and exhaust scrubbers to absorb additional capacity, and it is now announced that APL, will exit the Asia-Europe trade altogether.
The Port of Felixstowe has taken delivery of its first remote-controlled Rubber Tyred Gantry cranes (RTGs) which are being deployed to help the port act more dynamically to meet peaks in demand.