Asia Export Capacity Squeeze
Some steamship lines have reportedly been refusing new bookings for containers from UK & European ports to the Middle East and Asia recently. The squeeze on capacity has been caused by cancelled sailings around the Chinese New Year period, largely influenced by the upcoming reshuffle in carrier alliances.
Export rates have been rising sharply too as demand has started to outweigh supply and this trend may continue beyond this month, until the new alliances and schedules are bedded in.
While space issues are unprecedented for this time of year, this does follow a similar pattern to the recent issues experienced on imports from Asia, where capacity was unusually stretched following CNY. There may be further disruption to sailings and services over the next few weeks as carriers align vessels to the needs of their new alliances and in some cases completely change their UK port of call.
While Uniserve customers have not been directly affected by capacity short shipments, we are monitoring the situation closely and will keep clients advised of any movement in costs. Should you require any further information then please contact your local Uniserve representative or email firstname.lastname@example.org.
As we approach the Chinese New Year period once more, and as factories across Asia are expediting products prior to national close downs, now seems a good time to share the public holidays throughout the region. Chinese New Year, also known as the Spring Festival in...
Uniserve Director Alex Mortimer was recently elected to serve on the Institute of Directors (IOD) committee board, representing the Essex and Herts region. With a membership of over 30,000 leaders, the IoD is British business’s leading voice and campaigner on a vast...
Tens of thousands of UK businesses could be forced to pay VAT upfront post Brexit, on goods imported from Europe, in controversial new legislation being considered by MP’s on Monday. The chair of the Treasury select committee has urged MP’s to investigate the matter...