Congestion at U.K. ports appears to be worsening with rail freight trains leaving Hutchison Ports’ Felixstowe without full capacity and the CEO of GB Railfreight stating “the disruption has been significant”. Stockpiling ahead of a no-deal Brexit may be one issue, while shipping rates from North Asia to the U.K. have increased to $5,600 / FEU (forty-foot equivalent unit) from $1,700 / FEU on Sept. 30. The port of Felixstowe has been beset by load balancing challenges throughout 2020. The ratio of inbound to outbound shipments for example reached 129.5% in Q3’20 compared to a long-term av...
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