Latest industry related news items
Colombo port congestion: 50,000 teus logjam drives delays and rate hikes
A backlog of 50,000 teus at the port of Colombo is causing chaos for South Asian transhipment cargo. The capital of Sri Lanka has been under a Covid-lockdown for the past couple of weeks, while a labour shortage at the city’s container terminals has caused congestion since early October.
UK lags behind in Europe's 'two-speed' ocean logistics market
Europe has become a ‘two-speed’ ocean logistics market with continental Europe managing heavy fourth quarter import flows far better than the UK, according to Christoph Baumeister, Trade Manager Far East-Europe, at Flexport.