Canadian ports have reopened following a return to work order, while negotiations have broken down to secure master contracts for port workers on the US East and Gulf Coast ports.
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Usually at this time, we have a reasonable idea on how ocean freight is likely to pan out in the first few months of the new year. Although 2025 forecasting is extremely diffucult.
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The situation with port strikes in Canada has escalated during the past week, which has led to significant disruption for logistics movements throughout the country.
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China can perhaps be forgiven for having more than a passing interest in the outcome of the US election, where the race looks like its going down to the wire.
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Carriers are currently planning to introduce a General Rate Increase (GRI) for ocean freight shipments moving from Asia on November 1st, despite current market conditions.
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London Gateway port is set to receive a £1 billion expansion during the next five years, which according to its owners will make it the UK’s largest container port.
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Agreement has been reached for the US East and Gulf Coast Port workers to return to work on Friday (October 4th), after a three-day walkout.
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With the threat of a US port strike very much on the horizon this week, we have now learned that Montreal Port looks could be the latest to be impacted by industrial action.
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Chinese Golden Week gets under way next week, which starts with the celebration of the National Day of the People’s Republic of China, but what is it all about?
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The ocean freight carrier alliance structure is set for a shake up in 2025, with February being the pivotal month for the changes to come into effect.
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The threat of a port strike at US east and gulf coast ports is looking increasingly likely from October 1st, as the ILA and USMX appear to be far from reaching an agreement over new contracts.
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Following months of service disruption, limited space availability and spiralling rates, the Asia ocean freight market has witness some small signs of improvement during the last month.
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On Friday, the Canadian government intervened to stop the Canadian rail strike, just 18 hours after the strike got underway.
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We are on the eve of a national rail strike in Canada and just a week away from a planned port strike in India, with both set to disrupt ocean freight services in their respective regions should they go ahead.
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Incredibly, two explosions aboard container ships have occurred during the past week while the vessels were docked at port terminals in Asia.
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A recent container trade statistics report has highlighted that global demand for ocean freight container traffic is now at record levels.
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Bangladesh logistics movements have been heavily disrupted, due to a nationwide blackout of internet connections following days of protests.
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The new alliance between Maersk and Hapag Lloyd, which is planned for 2025, was put on hold last week by the US Federal Maritime Commission (FMC), who require more information before approving it for trading with the US.
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The ongoing difficulty in moving ocean freight from Asia is having a knock-on impact for air freight services from the region, as demand has continued to rise since the Red Sea crisis started.
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The short term prospects for the world’s two major shipping canals are in stark contrast, as the Panama Canal heads towards normal operations and the Suez Canal is witnessing a dramatic drop in volume.
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A bulk carrier ship has now sunk in the Red Sea, days after being attacked by a Houthi Uncrewed Surface Vessel earlier this month, which is effectively a bomb-carrying drone boat.
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Ocean freight rates from Asia have continued to rise, and current market conditions resemble the period that followed the outbreak of the coronavirus pandemic.
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The threat of an upcoming rail strike in Canada has led ocean freight carriers to start omitting and blanking sailings on services into the Canadian West Coast.
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The Chinese government have called for Houthi Rebels to end their attacks on commercial shipping in the Red Sea after holding talks with the Yemeni government.
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According to a recent study by the National Audit Office (NAO), the UK's target of having “the most effective border in the world” is still a long way off.
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As previously reported, capacity issues are impacting ocean freight services from Asia, which has now been escalated in China by severe container equipment shortages.
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Capacity and equipment shortages have returned to the Asia ocean freight market, with conditions starting to resemble the post pandemic period.
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After a year of being impacted by severe drought, the Panama Canal has finally started to move back towards its capacity, as more daily passages are set to be available in May.
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Croft Cargo have now received several carrier notifications of an Ocean Freight General Rate Increase (GRI) from Asian origin points, effective from May 1st 2024.
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The seizure of the 15,000 TEU 'MSC Aries' has raised a new threat to shipping in the Middle East region, being the first direct action by the Iranian military.
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The widely reported bridge collapse in Baltimore last week has had knock-on effects for ocean freight movements along the US East coast.
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A containership has collided with a bridge in Baltimore this morning, which immediately collapsed into the Patapsco river along with several vehicles.
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Airlines are currently dealing with large cargo backlogs in India's major international airports as volumes and rates spike, most notably at Delhi and Mumbai airports.
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Houthi Rebels have shown no let up in their attacks on ships in The Red Sea, but the latest attacks this week have failed to hit their targets.
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The Red Sea crisis has reached a devastating low point this week, as a Houthi missile strike in the Gulf Of Aden has led to the first loss of life for merchant crew members during the conflict.
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The carrier alliance packs are shuffling ahead of 2025, but it looks as though The Ocean Alliance are set to "stick" following a recent announcement.
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An attack on a UK registered cargo ship this week has perhaps been the most damaging of the Houthi rebel campaign, as the crew were forced to abandon ship.
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As a result of the ongoing attacks on commercial shipping in the Red Sea, and the subsequent longer journeys being incurred around Africa, demand for Asia-Europe air cargo has been on the increase.
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This weekend sees the start of Chinese New Year (CNY), which means China’s export production will effectively come to a halt for the next fortnight, as a new ‘Year of the Dragon’ gets under way.
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New import rules for animal and plant based products, originating from the EU and EFTA, come into effect from today.
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Truckers, and especially farmers, have been staging protests around Europe during recent weeks, which has started to disrupt some logistics routes on the continent.
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Despite naval vessels patrolling the Red Sea region, attacks on commercial ships have been continuing and we are now witnessing a shortage of capacity and equipment on Asia-Europe tradelanes.
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Maersk and Hapag Lloyd have announced a new cooperation agreement this week that will be introduced from 2025, and which comes as a big surprise to much of the shipping industry.
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The ongoing situation hindering sea freight movements in the Red Sea area may be about to impact air freight too, as many are forecasting that air freight rates from Asia are about to start rising fast in the coming weeks.
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Asia ocean freight rates are spiralling upwards once more as market conditions start to resemble those that immediately followed the coronavirus pandemic.
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In an immediate response to the developments in the Red Sea region, ocean freight rates appear to be escalating, with Asia origin spot rates already skyrocketing.
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It is now just a few days until the big man starts his magical journey from the North Pole on Christmas Eve, and Croft Cargo have certainly played our part.
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At least two attacks on cargo ships Friday has led to Maersk Line pausing all ships that are due to travel through the Bab al-Mandab Strait. The Strait is in the approach to the Red Sea and Suez Canal.
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We head in to 2024 with issues surrounding the world’s two global shipping canals, perhaps posing the biggest to global logistics and supply chains during the first part of next year.
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The Biden administration have put into place several new bodies to support US logistics and have now elevated supply chain resilience to the top tier of government.
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Steamship lines are currently pushing hard to uplift freight rates, especially on movements from Asia, announcing further GRI’s effective from the new year.
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Global events are having an impact on ocean freight, and it currently looks like this may lead to various surcharges lining themselves up for next year.
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Yes, another year passes us by and it's almost that magical time again ! So, please find below details of Croft Cargo's opening times for sales, customer service and operations enquiries during the upcoming Holiday Season.
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There are more rumblings of GRI's for ocean freight from carriers this month despite low demand and the limited success of previous attempts to raise rates.
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The ports of Cape Town and Durban in South Africa have been witnessing severe congestion, which has led to some carriers omitting them from their schedules.
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We're fast approaching holiday season in the US, with offices and warehouses closed for the Thanksgiving Federal Holiday this Thursday and many remaining closed on Friday too.
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The situation at the Panama Canal has been deteriorating over recent weeks, following a delay to the rainy season, leading to large shipping queues waiting to pass the drought-hit waterway.
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We have mentioned in several previous posts that ocean freight carriers are struggling with low demand, but according to a report in The Loadstar this is now impacting multinational and large independent freight forwarders.
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While the much publicised break up of the 2M Alliance is currently set for 2025, it seems that Maersk and MSC have started to deploy vessels independently on some service loops.
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As part of our new digital experience roll out, we are ready to go live with our new operational system from next week - Wednesday 1st November 2023.
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Recent carrier notices, along with a series of blanked sailing announcements, indicate that a GRI is to be introduced across several ocean freight markets from next month.
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While carriers have been announcing a series of blanked voyages covering the run up towards 2024, the programme has seemingly led to widespread confusion and misinformation about the status of containers.
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As the Israel conflict continues to escalate, logistics have naturally been impacted, although at this stage that largely relates just to air freight.
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The European Commission has just announced that it will NOT be renewing the exemption that allows carriers to operate within alliances when the current legislation expires on 25th April 2024.
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The air freight market, especially from Asia, may be about to witness a rise in demand due to the ecommerce market and electronic product launches.
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Next Sunday is China's National Day, the annual celebration of the forming of the People’s Republic of China in 1949, and most factories are closed during Golden Week.
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While global ocean freight rates have continued to decline, steamship lines are having to cope with a recent huge spike in bunker fuel costs.
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Blanking, or cancelling, sailings has been a frequently used method for ocean freight carriers to control capacity on Asian trade, and this practice has now become evident on North American routes.
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As the global shipping market continues to balance the introduction of newly purchased ULCV ships with low demand, a number of maiden voyages have been delayed this year.
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Forwarders and traders are set for a busy start to next year, following confirmation that new border controls are planned to be phased in from January 2024.
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HM Customs have this week confirmed that the deadline for switching from CHIEF to CDS for Exports has been rolled back until 30th March 2023.
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The story of the Ever Given, the ship that blocked the Suez Canal for a week in 2021, has been superbly captured on A BBC documentary that expires on iplayer on 7th September.
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Dutch customs made the largest-ever drug seizure in Rotterdam port this month, after discovering over eight tonnes of cocaine aboard a Maersk ship in a container.
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The flood of new build Ultra Large Container Vessels (UCLVs) has continued over the past couple of months despite the low level of demand in global container shipping.
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More blanked sailings have been announced on Asia/European trade lanes recently, as carriers continue to manage capacity following a successful General Rate Increase (GRI) this month.
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Delays of up to 15 days are currently being experienced at the Panama Canal, due to the persistently low water levels caused by an ongoing drought in Central America.
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A fire broke out on a cargo ship carrying 3,000 cars in the North Sea this week, resulting in the tragic death of one of its crew.
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Bangladesh exporters and importers are currently facing supply chain delays after train services were suspended on Sunday, following railway staff's refusal to work overtime.
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According to reports in The Loadstar, CMA CGM has a massive order book for vessels and could be set to take over from Maersk Line as the world's second biggest carrier.
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Recent carrier communications, along with blanked sailing announcements, indicate that a planned GRI may be successfully introduced on the Asian market this month.
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A 13 day port strike, which has been stopped operations at the Port of Vancouver, has seemingly come to an end, following mediation by the Canadian government.
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Maersk Line will be introducing a rate increase for container traffic from Asia to Europe, which will be effective for shipments on or after 31st July 2023.
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A bill has just been launched in the United States Senate, which will effectively make port strikes illegal, following the repeated threat of strike action in Los Angeles and US West Coast ports.
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In conjunction with the new Windsor Framework agreement for Northern Ireland, the UK government have introduced a new scheme that replaces the existing UK Trader Scheme (UKTS) from 30th September.
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The world's largest ocean freight carrier - MSC - are continuing to snap up containerships to cement their position at the top.
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While a deal seems to have been reached in the US West Coast labour dispute, the situation North of the border looks headed towards strike action.
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Rates on the Trans Pacific market, between Asia and North America, have spiked this month by up to 16% on some routes.
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A fire onboard the containership ‘MSC Rita’ reportedly resulted in the death of one crew member in the Persian Gulf last week.
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The Panama Canal has recently been reducing the capacity aboard larger ships that pass through the waterway, which connects the Atlantic and Pacific Oceans.
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The team at Croft Cargo have been busy during recent weeks upgrading our systems to ensure the best possible digital experience for our clients.
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Import container trade into US ports is continuing to decline, as a report on its top 10 ports confirmed a 21% drop compared to this time last year.
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HM Customs are currently reviewing UK import procedures, with a new Border Operating Model (BOM) due in October 2023 that will apparently 'set out a new approach to imports'.
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Ocean freight carriers are continuing to add new ships to the Asia/European market, but we may be about to see longer transit times as vessels could be set to slow down.
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There have been several challenges to the coveted title of having the ‘World’s Largest Container Ship’ recently, as carriers have been introducing a host of newly built ULCVs into service.
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France may be about to witness a long weekend of travel and transport disruption as two more pension reform strikes are planned in the next few days.
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Traditionally, May is a busy time for public holidays in the UK, with annual Bank Holiday Mondays at the beginning and end of the month.
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If business has learnt anything from the pandemic, then it is surely that quality service and reliability goes a very long way.
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According to a recent report carriers are 'holding off quoting for May shipments ahead of anticipated general rate increases (GRIs)'.
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The majority of terminals at the ports of both Los Angeles and Long Beach were closed for 24 hours on Friday due to the ongoing labour dispute.
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Ocean freight rates from Asia look to be set for a series of increases in the build up to the traditional peak season period.
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