Monday, July 26, 2021

Tag: freight rates

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BPA calls for transport funding

The British Ports Association is in favour of focusing on freight transport, a recommendation by the National Infrastructure Commission. Yet, it proposes that more investments in network capabilities and port connectivity is key to establishing better efficiencies. The quality of the transport network is critical for efficient freight movement and business growth.

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Freight volumes transferred to China increased

As data from the National Bureau of Statistics highlight, the overall freight volume transferred to China experienced an increase of 7.1% year-on-year to 51.5 million tonnes in 2018. According to the Bureau's data, China's freight throughput at some of its most crucial ports reached the 13.3 billion tonnes in 2018, experiencing an increase of 2.7%, in comparison to 2017.

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Shipping rates decrease due to economic slowdown

Freight rates for dry-bulk and container ships, carriers of most of the world’s raw materials and finished products, have experienced a decrease during the last six months, reflecting the that the global economy is slowing significantly. The measured transport costs for materials like iron ore and coal, have reduced by 47% since mid-2018, affected by the US-China trade dispute, according to Reuters.

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