DP World, owner of Southampton container port has issued an update outlining the root cause of the delays and their recovery plans to try and get the port back on track.
News / 2018
The European Commission is seeking views from stakeholders regarding the existing exemption of container shipping consortia from European Union antitrust rules that ban anticompetitive agreements between companies.
DP World have confirmed that unexpectedly high container stack levels are causing disruption to terminal service levels, which has resulted in slower productivity and means some vessels are departing early.
As sea freight rates soar on the Asia-US trade, the question is, will the lines try and repeat their revenue recovery on the Asia – UK trade.
Asia is preparing and the Philippines is evacuating ahead of Typhoon Mangkhut, which is the equivalent of a Category 5 hurricane, prompting alerts, with cancelled flights and port disruption expected across east and southeast Asia.
Trade press reports are highlighting increasingly negative service issues, as ports, carriers and hauliers struggle to deal with the fallout from Felixstowe’s disastrous software upgrades.
The difficulties facing the Turkish economy are varied and well-documented and may have some impact on the country’s logistics, as imports slow and exports become more challenging.
Leading the way for a global shipping industry that is bigger and more consolidated than ever: The Mumbai Maersk has broken the record for the largest amount of cargo ever stowed after leaving Malaysia last week with 19,038 TEU aboard.
With Brexit and President Trump contributing to global trade uncertainties, apparel manufacturing countries out of the direct line of either issue are increasingly appealing to UK and US buyers seeking contingency sourcing options.
