Current News

Drewry paints positive picture for demand growth at global container ports

LONDON-based consultant Drewry forecasts that world container port throughput will increase by 240 million TEU, from about 745 million TEU at present to 985 million TEU by 2020.

Chinese Customs Applies New Regulations

New advanced manifest regulations from 1st Aug 2018, applied by Chinese Customs

Freight Growth Slowdown Continues in June

Geneva – The International Air Transport Association (IATA) released data for global air freight markets showing that demand, measured in freight tonne kilometers (FTKs), rose 2.7% in June 2018, compared to the same period the year before. This continues the slowdown in air cargo growth that began earlier in 2018. Growth for the first half of 2018 stands at 4.7%, less than half the growth rate in 2017.

Freight forwarders still suffering from Felixstowe problems

Responding to a statement by the owners of the port of Felixstowe that its recently introduced new terminal operating system (TOS) is now ‘stable’, Robert Keen, Director General of the British International Freight Association (BIFA) said:

Improving rates may provide some peak season comfort for east-west carriers

The Loadstar reports that Improving freight rates on the main east-west container tradelanes may offer some comfort to embattled ocean carriers reporting disappointing first-half results.

June 2018: First month in two years without serious growth - No clarity on direction for remainder of the year

The worldwide air cargo yield stood at a level of USD 1.90 in June 2018, almost equal to our (updated) figure for May 2018, but still 13% higher than in June 2017. Measured in Euro's, the yield increased by 2% month-over-month (MoM), whilst the year-over-year (YoY) increase was 9%.

UK exports to non EU countries continue to outstrip EU

UK exports of goods and services to the rest of the world were higher than UK exports to the EU – for 9th year running, ONS figures published on 31 July confirm.

Haulage and Trailers Act bolsters EU exit preparations

New powers provide reassurance for hauliers to continue planning for a smooth EU exit.

IATA’s confidence index survey shows industry is hopeful, but cautious

The International Air Transport Association (IATA) has released the results of its latest “Airline Business Confidence Index” survey, which indicates that industry leaders are still optimistic about continued growth in demand for air freight, but cautious as they come down from the high of last year’s heyday, for a few reasons.

Cosco caught in new cyber attack as email and telephone systems go down

Cosco’s UK systems are down following a cyber attack which affected its US operations late last night.