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CompetitiveEdge
WEEK 4 OF 2021
STAY CURRENT WITH INTERLOG’S  WEEKLY NEWSLETTER
Container cargo ship carrying container for business freight import and export, Aerial view container ship arriving in commercial port.

ANCHORS UP WEEKLY: OCEAN FREIGHT

Massive Spike in Spot Rate, and Now Contract Costs

Long Beach port congestion is at its all time high this week with about 40 container ships just waiting to get to port. Because of this, many ships have been cancelled for the time being. Now what happens in Q2 because of the current port congestion? Rates won’t be going down anytime soon and more volume will be pushed into the coming months after Chinese New Year.  Spot rates will most likely remain high for a good part of Q2 which leaves importers trying to lock down contracts with these insane spot rates.

According to Freight Waves, companies have seen a 30-50% increase but is still below spot rates that are nearly quadruple contract rates. 

https://www.freightwaves.com/news/importers-face-massive-hike-in-ocean-contract-costs

WHEELS UP WEEKLY: AIR FREIGHT

Myanmar Situation and Solutions

Myanmar’s airport is closed until further notice and all air shipments to/from Myanmar are unable to proceed. There are a couple options to get around this closure. 

EXPORTING FROM MYANMAR

Trucking from Yangon to Bangkok and then Bangkok to destination by AIR. 

IMPORTING TO MYANMAR

AIR freight to Bangkok (BKK) and then truck from BKK to RGN. 

Please reach out to our team if you would like to discuss in more detail

 

OVERSEAS PARTNER HIGHLIGHT OF THE WEEK

Pabllo Logistics Logo

Pabllo Logistics – Romania

Luisa Mateescu 

Fun Fact from our Partner: Romania is known to be Dracula’s land, but we don’t drink blood. We eat garlic and drink red wine.
 
 www.pabllo-logistics.uk
 

 

THIS WEEK'S QUIZ

BLOG OF THE WEEK

COVID-19 at LA Ports- Could there be a shutdown

Challenge Your Knowledge for a Chance to Win a $50 Amazon Gift Card. The Winner's Company will Also be Highlighted in Next Week's Newsletter.

COVID-19 Cases at LA-Ports- Could There Be a Shutdown?

GET CARGO INSURANCE TODAY

 

Don’t wait until it is too late. Let’s get you set up with Cargo Insurance today!

 

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