Industry News

World Container Index - 14 Feb

The World Container Index assessed by Drewry, a composite of container freight rates on 8 major routes to/from the US, Europe and Asia is up 1.1% to $1,682.67 per 40ft container (updated Thursday, 14 February 2019).

World Container Index - 07 Feb

The World Container Index assessed by Drewry, a composite of container freight rates on 8 major routes to/from the US, Europe and Asia is down 3.2% to $1,664.24 per 40ft container (updated Thursday, 07 February 2019).

Air Freight Demand Ends Year Up 3.5%, Despite Softening Late 2018

The International Air Transport Association (IATA) released full-year 2018 data for global air freight markets showing that demand, measured in freight tonne kilometers (FTKs) grew by 3.5% compared to 2017. This was significantly lower than the extraordinary 9.7% growth recorded in 2017.

Uncollected Cargo – mitigating the risks

The problem of uncollected cargo is a perennial problem for NVOCC operators, often resulting in considerable bills on warehousing, container demurrage, and disposal costs. Apart from anything else, there is a significant drain on management resource to bring resolution.

Letter to businesses about the UK leaving the EU

HMRC are writing to VAT-registered businesses, that trade only with the EU, with details of important actions they need to take and changes to be aware of in the event of the UK leaving the EU without a deal. It is the third letter to businesses on preparing for the UK leaving the EU.

Brexit preparedness on Border Procedures

On 31 January and 1 February, the Members of the CLECAT Customs & Indirect Taxation Institute (CITI) met in Brussels. The main topic of the meeting was Brexit and all the related border procedures. Updates were given on the national practical preparedness efforts, such as procedures in ports and the Eurotunnel.

World Container Index - 31 Jan

The World Container Index assessed by Drewry, a composite of container freight rates on 8 major routes to/from the US, Europe and Asia is down 2.6% to $1,719.61 per 40ft container (updated Thursday, 31 January 2019).

New Rail Service Launched from Port of Felixstowe by GB Railfreight

A new intermodal rail freight service connecting the Port of Felixstowe with the Birch Coppice terminal in the Midlands has been launched by GB Railfreight.

CONTAINER RATES ALERT: Xeneta Shipping Index (XSI) Long-Term Contracts Update January 2019

The global XSI ™ fell 1.6% in Jan-19 to 106.58 points, continuing the downward trend recorded since Aug-18. During this six-month period, the index has lost 5.3% of its value, having shed 5.92 points and now stands at a similar level to that recorded in May-17.

World Container Index - 24 Jan

The World Container Index assessed by Drewry, a composite of container freight rates on 8 major routes to/from the US, Europe and Asia is up 0.7% to $1,765.58 per 40ft container (updated Thursday, 24 January 2019).