LIGHT AT THE END OF THE TUNNEL?
With the government’s recent announcement of a roadmap out of lockdown, this should bring some light at the end of the tunnel for logistics and supply chains.
Over 4 million covid cases have been confirmed in the UK and with over 20 million vaccinations now administered, almost half of the UK population should already have some immunity.
We may soon be starting our long journey back towards normality in this industry.
14TH MARCH – ASIA RATE UPDATE MAY OFFER RELIEF
General ocean freight rates from Asia have not been confirmed beyond the 14th and revisions are expected from the various carriers in the next week or so.
Many hope that this review will bring some form of reduction to the inflated rate levels. Of course, there are no guarantees – our team will be monitoring updates closely over the next few days.
NEW ZEALAND EARTHQUAKES
Four earthquakes struck off the coast of New Zealand on Friday, resulting in thousands of evacuations in the North Island and tsunami warnings for surrounding regions.
There were initial reports of traffic gridlock as people tried to reach higher ground following wave surges. The tsunami warning has now been lifted.
There has been some improvement in movements through import customs, but we are still seeing delays on clearances in Europe for exports.
Procedural customs entries, such as Foodstuffs, are still taking time, as are any movements moving through Northern Ireland. Demand still outweighs the lack of available equipment, so rates remain high.
NORTH AMERICAN UPDATE
Port congestion and transport issues continue to effect most freight movements within the US, with no immediate respite in sight.
Space continues to be tight for Export bookings to the US and we recommend booking at least 2-3 weeks in advance for full container load services.