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Latest From Stuart Todd
The UK’s decision to leave the EU customs union has made the land bridge across the UK less appealing for shippers. Now freight is being shipped directly by sea from the Irish Republic to mainland Europe
Asia to the US west coast is far from a balanced trade in normal times but past few months have made this imbalance even worse, as sky high freight rates and strong demand have incentivised carriers to return containers, says shipping association BIMCO
The Brexit transition period ends on December 31, but many forwarders have yet to make arrangements for how they will handle customs. This could lead to bottlenecks at ports on both sides of the English Channel
There has been a reversion among carriers and owners to the UK freight model prior to 1992, when less than 50% of UK-Europe trade went through the Dover Strait, Lloyd’s Loading List webinar reveals
Conditions for the freight forwarder have been better than expected, but the assumptions behind its forecasts are more uncertain than normal owing to the continued development of the coronavirus backdrop
The government backed down after industry warned of long queues at the border