Trade lane capacity reductions
Tue. 28 Apr 2020
East/West head haul capacity down 17% YoY in May; global trade capacity for H1 2020 already cut by 12.9% YoY.
Current News
News articles are listed below, for more detail simply click the title. To see Archive, BIFA or Industry news use the menu options on the left. You can have news articles delivered directly to you as an RSS feed by clicking the RSS Icon above.
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Current news are those articles from the last 3 months. Archive news are those articles more than 3 months old. To see articles with a specific tag simply click the tag in the panel on the left.
Freight forwarders give cautious welcome to ferry industry support measures
Mon. 27 Apr 2020
The British International Freight Association (BIFA) has given a cautious welcome to the UK Government’s announcement today of a broad package of support measures for ferry routes between the UK and Northern Ireland; as well as between the UK and mainland Europe.
World’s biggest containership unveiled by HMM
Mon. 27 Apr 2020
Hyundai Merchant Marine’s (HMM) has recently unveiled the biggest container ship in the world.
Cargo crimes in EMEA top 8,548 incidents worth to US$152 million
Mon. 27 Apr 2020
Cargo thefts from supply chains in Europe, the Middle East and Africa (EMEA) doubled last year to 8,548 incidents and involved product losses of EUR137 million (US$152.22 million). According to the Transported Asset Protection Association (TAPA), the incident rate is the highest recorded in the body's 23-year history.
Container shipping capacity down 9% in April
Fri. 24 Apr 2020
New analysis conducted by Danish maritime intelligence company eeSea has revealed the quick drop in shipped container volumes brought about by the spread of coronavirus. Container shipping capacity is down 9% for this month and 11% of next month’s sailings have been blanked.
Freight association believes extension of Brexit transition period still seems likely
Wed. 22 Apr 2020
As the stalled negotiations between the UK and EU started again this week, the head of the British International Freight Association has described the UK government’s insistence that it will not ask to extend the 11-month transition period as a very risky move.
Notice of Annual General Meeting
Mon. 20 Apr 2020
Notice is hereby given that the 31st Annual General Meeting of the British International Freight Association (BIFA) will be held by Zoom Video Conference on Thursday 28th May 2020 (time to be advised) in order to:
Freight forwarders ask ground handlers to fully justify surcharges
Mon. 20 Apr 2020
The head of the UK’s trade association that represents freight forwarders and logistics companies says its members are querying whether surcharges being introduced by air cargo ground handling service providers are justifiable in the current economic circumstances.
Force Majeure and Coronavirus
Mon. 20 Apr 2020
Put simply, Force Majeure (FM) is a common clause in contracts that can excuse parties from performing their obligations or from doing them on time when circumstances beyond their control prevents them fulfilling such contractual obligations.
Threat of another ‘Hanjin’ grows
Thu. 16 Apr 2020
Shippers and forwarders are increasingly concerned over counterparty risk, as a new study finds that a number of the world’s leading container lines face a ‘very high’ risk of potential insolvency.
