– CEVA joins UAE-led initiative – Aims to deliver vaccines around the world – Consortium aims to distribute several billion doses by the end of 2021 Marseille, France January 21st 2021, CEVA Logistics has signed a Memorandum of Understanding with Abu Dhabi Ports to work with the Hope Consortium. The Consortium is the umbrella organization of a UAE-based...
Container spot rates from Asia to North Europe are now 130% higher than at the start of the year, after a further spike this week. Today’s Shanghai Containerized Freight Index (SCFI) recorded a 13.5% increase in its North Europe spot rate, to $2,374 per teu – however, in practice, market rates are...
Some container vessels have been sailing from Asia to Europe under-utilised in recent weeks due to an acute shortage of empty boxes. A carrier source told The Loadstar: “We have had to sail light a few times recently as there are just not enough boxes at depots [in China] to meet the demand.” All...
“You need to spend time crawling alone through shadows to truly appreciate what it is to stand in the sun.” ― Shaun Hick It’s party time at Ceva Logistics! It was in the black in the third-quarter: $15m was the headline, adjusted number for the CMA CGM-owned 3PL’s bottom line ($8m unadjusted). And there is more good news,...
The focus of vaccine distribution so far has been on airline capacity and the ability to deliver at the correct temperature – but security will also be crucial, with armed escorts and convoys expected to be used. In fact, it will be “the biggest security challenge for a generation” according to the...
The good news of Pfizer and BioNTech’s Covid vaccine has been tempered by the requirement that it needs to be stored at -70C or below – a tough challenge for the logistics business. A recent survey by phamra.aero and Tiaca found that only 15% of respondents said they could handle vaccines that require...
Industry experts have expressed “grave concerns” at the UK government’s “unnecessary insistence” on implementation of the new Customs Declaration System (CDS). Chair of the Association of Freight Software Suppliers Steve Bartlett and director general of the UK Association for International Trade Des Hiscock told the EU goods sub-committee CDS was “not ready”...
Shippers from Asia to the UK container hub port of Felixstowe are being quoted rates of over $5,000 per 40ft, which is five times higher than the current spot rate for North Europe. A forwarding source told The Loadstar today that some carriers were refusing to accept bookings to Felixstowe “at any...
Major forwarders may abandon Maersk over concerns that the line’s new “integrated” business and “aggressive” strategy creates conflict of interests, and that it wants to cut forwarders from its business. DB Schenker confirmed to The Loadstar that it had lost key account status with the shipping line, but said it had already switched...
Logistics providers in the automotive sector have been warned to brace for one of the sharpest downturns in living memory. There are fears the multiple effects of the coronavirus pandemic and Brexit spell a double-digit decline in vehicle sales this year. According to new analysis from Transport Intelligence (Ti), the market is forecast...
