Cathay Pacific Cargo is set to re-introduce more cargo flights, following changes to quarantine rules in Hong Kong. The carrier was forced to suspend all long-haul cargo flights in the first week of January, and rearrange crew schedules, in a bid to up capacity, which has begun to grow. March saw it offer 48% more [...]
The prospects for the global economy have darkened since the outbreak of war in Ukraine, according to the World Trade Organization (WTO). It says the logistics sector could be operating in less favourable market conditions this year than initially anticipated. In its latest analysis on the outlook for world trade over the next two [...]
Global container service scheduled reliability has declined to its lowest levels since records began, according to new data from SeaIntelligence Consulting. The analyst’s latest schedule reliability data for December shows just 44.6% of vessels arriving on time, “which means that for the fifth consecutive month, global schedule reliability has been the lowest across all months [...]
Shipping lines have announced the temporary suspension of cargo bookings into South China next month, blaming reduced capacity from local feeder operators. The move has prompted dismay among local forwarders who have warned customers “not to hesitate” to take any chance of booking cargo prior to Chinese New Year, which falls on 12 February. [...]
Some container vessels have been sailing from Asia to Europe under-utilised in recent weeks due to an acute shortage of empty boxes. A carrier source advised: “We have had to sail light a few times recently as there are just not enough boxes at depots [in China] to meet the demand.” All carriers report severe shortages [...]
Retailers, shipping and haulage companies have complained of "chaos" at Felixstowe Port in Suffolk, affecting goods in the run-up to Christmas. One ship due to be unloaded at the port last week was redirected to Rotterdam because of "unacceptable" delays. The owner, Hutchison Ports, blames pre-Brexit stockpiling and the pandemic. Freight manager Matt Hudson [...]
THE Alliance plans to blank a quarter of its Asia-North Europe sailings in the first week of December, coinciding with lead line Hapag-Lloyd’s plans to hike its rates on the route by 70%. The carrier advised customers yesterday that its FAK rate from Asia to North Europe from 1 December – excluding the UK – [...]
