MSC Cruises’ flagship MSC Virtuosa recently departed Southampton in the UK for a four-night sailing that marks the start of its maiden season at sea. MSC Cruises sa ..
Southampton
HMM’s newest containership departs on maiden operational voyage
South Korean shipowner HMM has taken delivery of the first in a series of eight 16,000TEU containerships built by Hyundai Heavy Industries (HHI). The Liberian-flagged, ..
National Oceanography Centre extends 36-year climate change study in Northeast Atlantic
The National Oceanography Centre’s (NOC) research vessel Discovery recently left Southampton for an expedition to the Porcupine Abyssal Plain Sustained Observatory ..
The UK now ‘a micro-climate in Europe’ when it comes to shipping
UK trade is beginning to feel increasingly isolated from global markets, but confusion rages over the source of the difficulties as Brexit, Covid-19 and empty-box shortages take a bite.
One forwarder told The Loadstar Asian carriers were adding a $1,000 surcharge per 40ft to service the UK, with even higher surcharges on the prepaid spot market, claiming the country is seen as a “nuisance”.
“This is tied to Brexit and the pandemic, but …
The post The UK now ‘a micro-climate in Europe’ when it...
https://theloadstar.com/the-uk-now-a-micro-climate-in-europe-when-it-comes-to-shipping/
UK freeports could have a ‘catalytic impact’ – but now the hard work begins
A tranche of newly awarded freeports presents an opportunity to regenerate both the UK’s logistics sector and some of its poorest regions – but the “hard work” is only just beginning.
Speaking on Multimodal’s Freeports panel, Vivid Economics cities and infrastructure head James Patterson-Waterston said the scale of the bids suggested freeports “could become a transformational vehicle”, but success was dependent on getting the “hard part done”.
“Strategic growth, regeneration and innovation …
The...
https://theloadstar.com/uk-freeports-could-have-a-catalytic-impact-but-now-the-hard-work-begins/
More direct calls avoiding the UK could reduce the nation to a feeder market
High levels of congestion at major container gateways have led to declining direct port calls by mainline Asia-North Europe vessels, and increased the likelihood that the UK could become a feeder market.
Over the past few months, the ranks of deepsea vessels omitting direct calls and unloading UK-bound cargo at north-west continental Europe gateways have swelled, leaving UK forwarders scrambling to find ways to retrieve customers’ cargo.
This has led some to lament that the country would be …
Th...
Asia-North Europe rates pass $10,000 – wait till it’s our turn, say forwarders
Record high spot rates from Asia to North Europe and predictions of huge hikes for annual contract rates could lead to a rush of cancelled orders for next year.
Retailers in Europe are already nervous about new partial lockdowns stymieing their sales, and the enormous sea freight rates and surcharges they are being billed is significantly adding to their concerns.
“We are certainly starting to see customers cancelling, as the rates are …
The post Asia-North Europe rates pass $10,000 – wait till...
https://theloadstar.com/asia-north-europe-rates-pass-10000-wait-till-its-our-turn-say-forwarders/
Santa of the sea delivers Christmas to cruise workers locked down at sea
Santa of the sea delivers Christmas to cruise workers locked down at sea
Charity worker Simon Mobsby is delivering Christmas cheer to hundreds of cruise staff locked down off the UK coast.
With cruises cancelled due to coronavirus, huge cruise ships anchored off the UK coast have become a familiar sight since the crisis hit in March. Several ships, manned by skeleton crews of...
Bleak picture of financial exposure to major shippers from UK port congestion
The financial impact on the UK’s biggest shippers from the port congestion crippling the country’s container supply chains could amount to over £15bn ($19.7bn), according to new research.
Risk management firm Russell Group today released new analysis that shows the top 10 UK importers that use Southampton have a combined financial exposure to the congestion at the port of £3.88bn. The list is headed by BP, Shell and Tesco.
However, that figure …
Congested UK Ports Leads To Soaring Freight Costs
- A Retail Group based in London used to pay $2,000 to ship a 40-ft container to the UK and now they’re paying at least $8,000 up to $10,000.
- Major shipping companies including Marseille-based CMA-CGM have told UK importers no more bookings can be made for ships sailing from Asia until the last week of December.
- A ports analyst warned the end result could resemble the credit crunch of 2008 when importers’ lines of credit dried up.
Businesses say a global shipping crisis is causing freight...
https://mfame.guru/price-rises-likely-due-to-uk-shipping-problems/