Fuel prices are on the increase again, which is liable to have a considerable impact on the freight industry. Fuel is now at its highest cost since 2014, and the main reasons for this are the war in Syria, Iranian tensions and biofuel for renewable energy increases. As a result, pump prices and bunkering have…
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At present Felixstowe is closed due to high winds and not expected to re-open until Sunday at the earliest. London Gateway is greatly reduced in its capacity and is opening as and when it can depending on the weather. The port of Southampton is closed due to snow. The inclement weather will hopefully start to…
According to official data released by The International Air Transport Association (AITA), global freight volumes showed a growth in demand of 3.8% freight tonne kilometres (FTKs) compared to 2015. This was nearly double the industry's average growth rate of 2% over the last five years. Freight capacity also increased by 5.3% in 2016. With the…
The MET Office have a severe weather warning in place for Thursday 23rd February covering the Port of Felixstowe with wind gusts forecasted between 60 – 80mph. Weather Forecast Maps Due to the forecast we are expecting Felixstowe Port to close from1000hrs tomorrow morning through to the early hours of Friday morning the 24th With…
The British Prime Minister has become the first foreign leader to hold talks with the new President in the White House. Discussions are to be centred around an agreement to cut, or even drop, tariffs on items Britain and America already export to one another. Speaking on the BBC's Today programme, former economic advisor to…
We have been advised that due to weather issues of waves of up to 11 meters in Southern Europe, vessels may be forced to slow down or seek shelter until conditions improve. This will have an impact on vessel ETAs into the UK. Below is a quote from a carrier : "Sea conditions are expected…
The train took 18 days to arrive in Barking, East London from Yiwu, China after a mammoth journey which took it through Kazakhstan, Russia, Belarus, Poland, Germany, Belgium and France. The arrival of a freight train in East London is the start of a new era for the 2000 year old trading route. The Silk…
The planned expansion of Southampton’s container terminal will help cement it’s reputation as one of the fastest, most productive freight terminals in the UK. With the mega vessels arriving in Southampton getting bigger and bigger, Southampton’s freight terminal are scaling up to match. DP World Southampton are investing heavily in new equipment, land and quayside cranes.…
In September Associated British Ports (ABP) unveiled it plans to invest £50m in the port of Southampton on the English south coast. The major investment comes after the port has already benefitted from £32m in ABP investment over the past five years and will support the port’s continued growth over two phases. ABP said that…
Hanjin Shipping, the seventh-largest container shipment firm in the world collapsed in late August after its creditors stopped providing funding and it was forced to request court receivership. Over $14bn in cargo was left stranded at sea, and shocked global trade networks were faced with unprecedented disruption. Container ships in transit at the time the…