Brexit Watch: Hutchison Ports at epicenter of disruption as shipping rates treble — Panjiva
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Brexit Watch: Hutchison Ports at epicenter of disruption as shipping rates treble

Brexit 176 Corp - Ports 908 Corp - Shipping 1025 Mode - Containerized 1523 Mode - Seaborne 1845 Theme - Rates 239 United Kingdom 389

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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