NETWORK NEWS

Catch up on the latest developments and announcements from FPS Group

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9:57pm 22nd July 2021
Shipper competition driving up ocean freight rates

A BATTLE of “shippers vs shippers” for equipment and cargo slots is helping to drive up freight rates and being used strategically by some shippers to compete with their rivals.“There are clearl...

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2:51am 21st July 2021
Box cargo shifts to bulk vessels to find affordable capacity

Freight forwarders and cargo owners are shifting some containerised cargo to bulk vessels to find affordable and available capacity to move shipments ...

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12:59am 19th July 2021
Ocean freight shippers urged to be ‘realistic’ on rates in unprecedented mar

Cargo owners warned they may need to renegotiate upwards any ‘too good to be true’ contract prices in the current inflated market if they want the...

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10:11pm 15th July 2021
South China port disruptions ‘could extend to Christmas’

Dwell times at the major ports in and around the south China city of Shenzhen “remain disruptively high”, despite trending downward in recent days...

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11:46pm 13th July 2021
Ocean to air conversions surge as box congestion issues worsen

Air freight exports from China and other parts of Asia are picking up again as worsening congestion and capacity issues add to backlogs of ocean freig...

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10:11pm 12th July 2021
Fight for volume allocation threatens higher contract rates next year

An early peak season will see high freight rates extend throughout this year as shippers struggle to find space for their cargoes.“We have seen that...

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12:55am 9th July 2021
FPS Movement - the 2nd Quarter of 2021 Newsletter is Out!!!

In the latest - 9th issue of "FPS Movement" read: The joint alliance between FPS group and Gateway GroupMaersk expands its footprints in VietnamNa...

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12:54am 7th July 2021
Shippers paying thousands in ocean premiums even before peak season

The Port of Yantian is now back operating at full capacity, but it will take weeks to clear the containers already at the southern China gateway as we...

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12:11am 5th July 2021
Latest ocean disruptions ‘highlight fragility of JIT model’

The latest ocean freight backlogs and challenges following many months of supply chain disruptions have highlighted the fragility of just-in-time (JIT...

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12:19am 2nd July 2021
Schedule reliability in ocean shipping remained low in May

Schedule reliability in ocean shipping, which has been largely consistent these past few months, albeit at a much lower level than the industry stakeh...

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