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THE UK INTERNATIONAL FREIGHT SERVICES INDUSTRY
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Ocean freight rates rise to five-year high

Mon. 29 Jun 2020
Asia-Europe spot prices climbed again last week as demand in Europe continues to recover in a container shipping market with still constrained capacity, taking average global prices to their highest level since 2015, Drewry analysis reveals.

Freight association offers free bitesize training for youngsters

Mon. 29 Jun 2020
The British International Freight Association’s (BIFA) next event following the relaunch of its Young Forwarder Network (YFN) online will feature some free ‘bitesize’ training run by BIFA trainers, Graeme Wilkinson and Carl Hobbis.

UK government and UN commit to protect seafarers and help stabilise global shipping market

Fri. 26 Jun 2020
UK will hold first summit to address the impact of coronavirus on shipping crew changes.

HM Treasury suspend HGV Levy for one year

Fri. 26 Jun 2020
Collection of the levy will be suspended for 12 months from 1 August 2020 to facilitate economic recovery after Covid-19.

Update on Extended Payment Arrangements for customs duty and import VAT from HMRC

Thu. 25 Jun 2020
Since April we have provided you with updates on the temporary measures the Government has put in place to support businesses experiencing financial difficulties as a result of COVID-19.

Maersk sets $500 misdeclaration fee for wrongly-sized out-of-gauge cargo

Thu. 25 Jun 2020
In a further effort to crack down on misdeclared cargo, Maersk Line will introduce a $500 fee for special and out-of-gauge cargo if the actual dimensions of the cargo differ from booking details.

Ocean rates continue to climb on increased volumes

Thu. 25 Jun 2020
Freight prices from China to the US rose further during the past week, but less dramatically than the previous few weeks as an increase in orders and restricted capacity continue to put pressure on prices.

Box lines set sights on a profitable year

Thu. 25 Jun 2020
Initial projections painted a dim prospect for container lines following the outbreak of coronavirus. But unprecedented capacity discipline has led rates to rise, and with them the potential for greater profits.

Air freight rates continue slide, especially ex-PVG

Wed. 24 Jun 2020
Shanghai to Europe prices fell last week by more than 30%, as the scramble for PPE continues to fade, with average China to Europe prices dropping by almost 19% as a whole.

EU forwarders and terminal operators call on the European Commission to end the spill over effects of generous tonnage tax for shipping on other actors of the maritime logistics chain

Tue. 23 Jun 2020
CLECAT and FEPORT, on behalf of thousands of European freight forwarders, port companies and terminals, call on the European Commission to avoid market distortions in the EU and to unbundle the activities eligible for favorable tax treatment under tonnage tax schemes.
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