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Category Archives: Global News

The World’s Largest Container Shipping Company Increases Its Freight Forwarding Capacity

The world’s largest container ship company, Maersk Line of Denmark has begun to increase capacity on it’s  S Class 8600 TEU containerships. The plan is to raise the wheelhouse (bridge) and thereby
accommodate an extra layer of containers. The vessels will be capable of carrying around 10,000 TEU after the work is completed. We assume Maersk has concluded that vessel stability will not be adversely affected by the higher centre of gravity.

If you are looking for a reliable and knowledgeable freight forwarding agent, be sure to give our experienced team at Mercator Cargo a call us on 02392 75 65 75 to discuss your options fully.

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Air Freight Cargo Picks Up

After a very slow and somewhat dismal start to 2011 it looks like Airfreight Export and Import cargo is finally picking up with growth since January around 4% and the annual forecast should be between 5-10% up on the second half of 2010.

However rising fuel prices have squeezed margins for most carriers with increases in Fuel meaning that to secure business the carriers have had to cut basic Airfreight Rate per KG to hold onto and increase market share.

It remains to be seen if traditional Summer and Christmas “peak seasons” will drive volume up, it seems likely that the costs incurred for exporting or importing by air could well result in volumes remaining low until first quarter 2012 when the London olympics should begin to increase overall Import Volume, especially into London Heathrow.

For more information, or air freight rates, services and general guidance please contact one of our expert team at Mercator Cargo Systems on 02392 75 65 75

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Container Freight Rate Increase on Hold

Many carriers are putting planned GRI (General Rate Increase) for the 1st of August on hold due to lower than forecasted Peak Season Container bookings, a number of carriers are already announcing the scrapping of increases way ahead of the proposed implementation date, with most citing growth and volumes at low levels even as we approach the traditional peak season for Christmas goods to begin shipping.

Some industry sources say that peak season this year will fail to materialise, due to the historically low freight rates but also due to some customers getting burnt in previous years with space problems, some of them having already arranged shipment and in some cases already fully stocked for Christmas.

For more information on this or any other container, import or export, freight or international trade matters please call the expert team at Mercator Cargo on 02392 756575

 

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Court overrules planning decision for much neede rail terminal

The developer of a proposed huge new rail freight terminal using Green Belt land at Radlett in Hertfordshire, UK, is celebrating a victory following a High Court decision to overturn the government’s denial of planning permission.

The ruling means that the Secretary of State for Communities and Local Government will have to reconsider his decision made in July last year.

HelioSlough’s proposed Strategic Rail Freight Interchange (SRFI) had been opposed by campaigners arguing that the terminal would erode the Green Belt and increase the level of noise and traffic in the area.

The developer wants to build the 350,000sq metre depot on the former Radlett Airfield.

A spokesman said: “The SRFI is important for sustainable economic growth – some £250 million (US$402m) will be invested by the private sector in this development, with some 3,000 jobs being generated over the long term.

“It will also generate significant carbon savings by switching freight onto the railways that would otherwise have been moved by road.”

It added: “In the light of this ruling, we now await to hear from the secretary of state what his next steps will be and we will be engaging fully in that process.”

The Secretary of State has until 11 July to challenge the court ruling.

Philippa Edmunds, Freight on Rail’s Manager, said, “Without road and rail transfer points in the right locations, long-distance road freight cannot be removed from our congested road network.

“The planning inspector recommended granting planning permission for this strategic interchange, so we urge the secretary of state to support this application, which ticks all the right boxes in terms of location, stimulation of the green economy and green jobs.”

She added: “Not only is this decision crucial for relieving road congestion around Greater London, it is a key test for wider strategic planning versus localism in the new planning regime.

“The country needs the Localism Bill and the forthcoming National Planning Policy Framework and National Policy Statements to support strategic planning, and, in particular, rail freight terminals of varying sizes in order to reduce road congestion and tackle climate change.”

For more information on this, or any other Rail, Road Sea or Air shipments, please contact our expert team at Mercator Cargo on 02392 75 65 75

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Shipping Industry Confidence Not Good!

As we enter the 3Quarter of 2011 the shipping line industry is facing doom and gloom with rising fuel costs and over capacity on most trade lanes leaves the shipping lines with a problem, however things should start to improve during the last quarter, with Christmas peak season kicking in and leading to a possible increase in ocean freight rates.
It is more than likely that capacity will outstrip demand for the next two to three years, leading to speculation that freight rates will remain at a historically low level for next six months to one year, however the industry will try to push a series of GRI (General Rate Increase) to cover rising costs, probably using “back door” methods such as increases to CAF, BAF and other surcharges.

For more information on Freight Forwarding, Ocean Freight Rates or other Import and Export requirements please call our dedicated team of professional freight forwarders on 02392 75 65 75

 

 

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China/Europe Freight rates still on the slide

Freight rates in the Far East/Europe trade have been falling for the past 6 months or so and are currently 40-50% lower than November 2010. Carriers have tried to increase freight rates in 2011, but the hikes have failed to stick. This is bad news for shipping lines as they enter peak season, traditionally the time of year when demand for shipping space is high resulting in firmer freight rates. The causes are weaker than expected demand linked with new, bigger vessels entering service.

For more information on this, or any other international shipping, freight forwarding, import, export and international trade requirements call our freight forwarding experts on 02392 75 6575

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Airfreight Cargo Increase

Mercator Cargo has noticed an increased volume for Import and Export Airfreight, and in particular significant Growth for Export Airfreight to the middle east and USA resulting in an overall increase of around 200% growth for the year 2010 – 2011 which suggests a positive upturn in the global airfreight market, and particularly the UK Economy.

Globally airfreight is up around 10% on 2010 and over 20% from 2008 which saw the lowest growth in global air freight in recent times.

For more information on Airfreight, Import and Export and Container shipping please call our dedicated Freight Forwarding Team on 02392 75 65 75 or email sales@mercatorcargo.co.uk

 

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Nigerian Ports Report Cargo Increase

Almost 75,000,000 tonnes of cargo were handled by Nigerian Ports in 2010 representing a 12% year on year increase. Nigerian ports handled a total of 670,000 laden TEU which is an increase of 8.8% on 2009 figures.

Port congestion has long been a problem in Nigeria and the news that progress in dredging and wreck clearing, reducing port turnaround times for vessels by about 12 per cent, was welcomed by all port users

For more information on Import, Export and Container movements or General Freight Forwarding please call our dedicated team of professional Freight Forwarders on 02392 75 65 75 or email sales@mercatorcargo.co.uk

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Port of Tyne Undergoing Dredging

The port of Tyne is undergoing major dredging works to allow ever larger vessels to call at the multi function berth at the Riverside Quay.

The dredging forms part of a major £4 million investment in the port infrastructure.

This will open up the North East port as more and more carriers and Importers use the port for Northern delivery points. Mercator cargo have been using this and other ports in the north of the UK for some time, cutting down on UK haulage prices, with the added benefit of reducing carbon footprint.

The port will now be able to accomodate the larger vessels, upto and including the current largest “Panamax” range.

The move follows the increase in orders from many carriers, such as Maersk who have recently ordered TEN 18000 TEU Vessels for delivery in 2013, they are also expected to take the option to increase the order to a further ten vessels for delivery in 2015-2015. With the possibility to order a further ten in addition.

EMC (Evergreen)  has ordered thirty five 8800teu vessels, twenty or so of which are scheduled for completion in 2013.

CMA CGM has increased the capacity of  three ships in production from 13800teu to 16000teu.

To discuss this, or any other Import, Export or Container shipping please contact a member of our experienced freight forwarding team on 02392 75 65 75

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EU imposes Trade Sanctions against Syria

Starting 10th May EU has imposed trade sanctions against Syria, an asset freeze against certain individuals and an arms embargo. UK Export Licences will be  considered on a case by case basis by the Export Control Organisation. Any company holding an existing OGL permitting export to Syria should check the Licence validity. If you require further information on Import, Export or General Freight Forwarding  please telephone this office on 02392 75 65 75 or mail info@mercatorcargo.co.uk

 

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