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Ocean Freight Market Update: 13th January 2019

January 13th, 2019|Categories: News|

Every week our Global Commercial Team will bring you information on the Ocean Freight Market, keeping you up-to-date with the latest industry news and trade developments.   Asia to North Europe/ UK Pre-CNY cargo rush: tight space situation on all FEA to NEU and MED lanes. FAK rates have increased from 1st January 2019. Space [...]

Ligentia Group purchases the business and assets of Air & Cargo Services Ltd

December 13th, 2018|Categories: News|Tags: , |

Ligentia Group purchased the business and assets of Air & Cargo Services Ltd on the 13th December 2018. As a result of the deal, we will be providing a home to Air & Cargo Services’ customer base, whilst also welcoming on board their employees. The purchase substantially increases Ligentia’s UK footprint and strengthens our freight [...]

Maersk Customer Advisory

December 11th, 2018|Categories: News|

Please see below a customer advisory from Maersk on Storage Free Time and Equipment Free Time. Dear Customer, From 1st January 2019 we will be calculating both Storage Free Time and Equipment Free Time from day of discharge. Storage will commence on and include the day that the full container is discharged at the port [...]

CMA CGM Notification: Emergency BAF Surcharge

November 14th, 2018|Categories: News|Tags: , |

CMA CGM have released a customer announcement relating to EBS charges. Dear customer We have previously indicated that we will be updating our EBS charges as from shipped on board (SOB) date 01/12/18. This will be across all CMA CGM trades. Below is a summary showing the base changes and those trades that are exceptional [...]

MSC Notification: Fuel Adjustment Contribution

November 14th, 2018|Categories: News|Tags: |

Please see below an announcement made by MSC to all customers: Dear customer, Mediterranean Shipping Company (UK) Ltd. would like to advise our customers that effective Saturday 1st December 2018 until further notice, and following validities of MSC’s Freight All Kind (FAK) rates, MSC will be applying a Fuel Adjustment Contribution (FAD) for shipments from [...]

Further shipping lines announce a fuel surcharge from 1st Jan

October 21st, 2018|Categories: News|Tags: , |

Earlier this month both Maersk and Hapag-Lloyd announced their introduction of a new Bunker Adjustment Factor (BAF) from 1st January 2019, now the world's second and third largest container shipping lines have revealed they also intend for customers to pay for their sulphur cap compliance. Mediterranean Shipping Company (MSC) will introduce a new Global Fuel [...]

Boeing forecast global demand for air freight to double

October 19th, 2018|Categories: News|Tags: , |

In a report released yesterday at the TIACA Air Cargo Forum, Boeing said it expects the global demand for air freight will double over the next two decades, averaging about 4.2 percent annual growth over that period – a figure that brings the market closer to its pre-recession average of 5 percent growth per year, [...]

What is IMO 2020?

October 19th, 2018|Categories: News|Tags: |

IMO has set a global limit for sulphur in fuel oil used on board ships of 0.50% m/m (mass by mass) from 1 January 2020. This will significantly reduce the amount of sulphur oxide emanating from ships and should have major health and environmental benefits for the world, particularly for populations living close to ports [...]

Equipment shortage in Turkey

October 19th, 2018|Categories: News|Tags: |

As the Lira remains weak, the volatile Turkish market remains a challenging landscape for importers and exporters to manoeuvre. Market changes have caused a significant boost to Turkish exports as their goods reduce in price to European buyers, however import volumes are under constant pressure. The overall effect of this has been a significant shortage [...]

Hapag-Lloyd establishes Marine Fuel Recovery (MFR) mechanism

October 12th, 2018|Categories: News|Tags: , , |

Announcement by Hapag-Lloyd: With a stricter International Maritime Organisation emissions regulation (IMO 2020) coming into force as of 1 January 2020, the new sulphur cap for compliant fuel oil will be lowered from 3.5% to 0.5%. This new regulation will significantly improve the ecological footprint of the shipping industry, and the majority of all vessels [...]