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Global supply chain crisis could deepen because of unvaccinated seafarers Mar 23,2021
Unvaccinated seafarers are threatening to tip the global supply chain into deeper crisis as countries introduce vaccine requirements at their borders, The Financial Times reports quoting international shipping industry sources.Of the world’s 1.7 million seafarers, 900,000 are from developi... [learn more]
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France and UK resolve abnormal loads confusion Mar 23,2021
France has today reversed a decision last month that invalidated the so-called ‘roaming permits’ of UK abnormal load hauliers that enable them to operate legally and viably in France, following appeals from UK industry representatives and discussions between the French and UK governmen... [learn more]
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Easing congestion brings Asia-Europe spot rates off the boil Mar 23,2021
Spot rates on the Asia-Europe trade lost further ground this week, in a sign that supply chain disruption could finally be easing on the east-west routing.Cargo backlogs, port congestion and equipment shortages have caused havoc on deepsea routes since the end of the past year, driving freight rates to histor... [learn more]
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Brexit 2.1 webinar to help traders and intermediaries through next phase Mar 23,2021
On 1 January 2021, the European union (EU) and Great Britain (GB) embarked on a new era and trade relationship, and a host of new requirements took hold pursuant to the new Trade and Cooperation Agreement (TCA). While phase 1 required full declarations for exports from GB to the EU from 1 January ... [learn more]
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Automotive supply chains disrupted by semiconductor shortage Mar 22,2021
Automotive supply chains are being disrupted by a semiconductor shortage, causing firms to either suspend or reduce industrial production. The squeeze on supplies is likely to impact other industries, ranging from consumer electronics to medical devices, according to the latest Everstream Analytics Special ... [learn more]
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Shipper shift from congestion impacts trans-Pacific ocean rates Mar 22,2021
A shift by shippers from the congested US West Coast to the East Coast may be impacting freight rates on routes from Asia, according to the latest international freight update published by digital rates specialist Freightos, which incorporates the Freightos Baltic Index (FBX).It noted that Asia-US West Coast ... [learn more]