Shanghai has been locked down for just over half a month, initially just the east side of the city for four days followed by the west side. Eventually this proved ineffective in the authorities efforts to contain the corona virus, so the government closed the entire city indefinitely. This has had a knock on to…
The shipping industry was already suffering before the current economic sanctions imposed on Russia for their invasion of Ukraine, due to Brexit and COVID-19. The industry has been facing a shortage of vessels and containers when the sanctions meant an increase in the prices. In less than a fortnight, shipping rates have risen tenfold for…
DP World have announced that Southampton, Britain’s second largest container terminal, will be benefitting from a major investment which will raise its significance as a premier international freight and logistics hub. DP World Southampton is a part of DP World and a leading global provider of smart logistics. One of their two UK deep water…
The global air cargo market has virtually recovered from the losses that the COVID-19 pandemic caused according to performance data for February 2021 from industry analysts CLIVE Data services and TAC index. Chargeable weight for the last 4 weeks of the month, stood at 1% compared to February 2019 and 2% ahead of last year’s…
Due to the COVID-19 pandemic, air freight has been one of the hardest hit industries in logistics. Lockdown restrictions and travel bans have caused chaos internationally with many flights being grounded. On a normal day, air freight is responsible for the transit of trillions of dollars’ worth of shipments every year. Flying is one of…
