Market Update: Carrier Surcharges and Freight Rate Movements
Following our recent updates regarding developments in the Middle East, the container shipping market is now beginning to see direct pricing responses from ocean carriers.
Market Update: Freight Market Response to Middle East Developments
As tensions continue across parts of the Middle East, global logistics markets are beginning to see measurable impacts across multiple transport modes
Middle East Developments & UK Imports
The weekend’s military escalation involving Iran has increased tension across parts of the Middle East.
EU Plots Crackdown on Cheap Imports as De Minimis End In Sight
The European Union has voted to end its de minimis exemption for the import of low-value duty free goods, with changes expected as early as next year.
New Safety Protocols for Shipping Battery-Powered Goods by Sea
The shipping industry is tightening protocols for transporting battery-powered goods by sea in response to recent fire incidents on vessels.
US Implement Tariffs On 14 Countries, Ranging From 25% To 40%
With the deadline for the Liberation Day tariff postponement set to expire on July 9th, President Donald Trump has shifted gears, unveiling new tariffs on 14 countries.
Persistent Port Congestion Challenges Global Trade Flow
Port congestion at major container terminals worldwide is expected to persist well into the peak season, continuing to cause disruption and delays.
Transpacific Rates May Have Peaked as Demand Appears To Level Out
Transpacific ocean freight rates may have reached their peak as demand appears to be levelling off following a surge in volumes.
UK’s Exemption From Steel Tariffs Hinges On Trade Deal
The UK has temporarily escaped a sharp rise in US steel and aluminium tariffs, but this exemption is conditional.
Court Rules Trump Overstepped on ‘Liberation Day’ Tariffs
A federal court in New York has ruled against former President Donald Trump’s sweeping “Liberation Day” tariffs, finding they were imposed unlawfully under emergency powers.
US-China Trade Relations Reset With 90-Day Tariff Suspension
President Donald Trump has announced a “total reset” in trade relations between the United States and China, following a weekend of high-level negotiations in Switzerland.
UK’s New CPTPP Trade Deal Goes Live This Month
The UK's new trade agreement within the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) comes into force this month
Delays Expected After Ningbo Port Explosion
A container explosion at Ningbo Zhoushan Port has led to the terminal being closed and fears of upcoming delays from the Zhejiang Province port.
Delays To Be Expected From Bangladesh
Delays in importing from Bangladesh are likely to be experienced in the next few weeks, after violent protests led to a national internet blackout.
General Average Declared On Vessel’s Maiden Voyage
A fire aboard the containership Maersk Frankfurt continues to rage, almost a week after an electrical short circuit on its maiden voyage, leading to the owners declaring general average.
Record Demand And An Early Peak Season?
According to a recent container trade statistics report, global demand for ocean freight container traffic has recently hit record levels, even surpassing the high demand levels that followed the pandemic.