We have had a lot of excitement over the past two weeks, what with Brexit, the enthralling rugby tour of Australia and then the home countries achievements (and lack of them for England) at Euro 2016. Now it is time to return to business without any of these distractions.
The beginning of 2016 was fairly slow for imports from Asia and Indian sub-continent to Europe according to statistics. These areas still represent very large trading blocks for UK Business outside of Europe and are good indicators of how the global economy and buying patters are operating. However, from the beginning of May the order books of manufacturers in Asia seem to have picked up and vessels are starting to run at near capacity on many of these trade lanes which is starting to effect freight levels as space is more constrained.
At Mannson Freight we operate our own sealed containers between India, Sri Lanka, Pakistan, Bangladesh, China, Taiwan, South Korea, Japan, S.E. Asia, Australasia, USA and UK ports. we have seen increased volume across all services in the past two months which is a very encouraging sign.
Patterns of trading seem to change over time and there is certainly a more cautious approach from buyers in Europe who tend not to overstock and instead rely more and more on JIT (Just In Time) logistics to ensure there customers can purchase goods straight off the shelf. The model of a slow start to the year with peak period between May and November seems to be fairly consistent year on year at present. This will effect how shipping lines handle their pricing with flexible Peak Season Surcharges etc. and importers should be aware of this...
The beginning of 2016 was fairly slow for imports from Asia and Indian sub-continent to Europe according to statistics. These areas still represent very large trading blocks for UK Business outside of Europe and are good indicators of how the global economy and buying patters are operating. However, from the beginning of May the order books of manufacturers in Asia seem to have picked up and vessels are starting to run at near capacity on many of these trade lanes which is starting to effect freight levels as space is more constrained.
At Mannson Freight we operate our own sealed containers between India, Sri Lanka, Pakistan, Bangladesh, China, Taiwan, South Korea, Japan, S.E. Asia, Australasia, USA and UK ports. we have seen increased volume across all services in the past two months which is a very encouraging sign.
Patterns of trading seem to change over time and there is certainly a more cautious approach from buyers in Europe who tend not to overstock and instead rely more and more on JIT (Just In Time) logistics to ensure there customers can purchase goods straight off the shelf. The model of a slow start to the year with peak period between May and November seems to be fairly consistent year on year at present. This will effect how shipping lines handle their pricing with flexible Peak Season Surcharges etc. and importers should be aware of this...
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