Logistics insights from the GCL Team

Industry experts estimate that over half of goods transported around the globe are uninsured. One of the biggest misconceptions amongst cargo owners is they don’t need to purchase cargo insurance when using a freight forwarder. The primary reason for cargo owners refraining from buying cargo insurance, sometimes referred to as marine insurance, is the assumption that by using a freight forwarder, the cargo is automatically insured. Whilst the freight forwarder will have insur

After shipping rates from Asia increased sharply during the pandemic, over the last few months the prices have declined just as dramatically. Ocean shipping spot rates, whilst still falling, appear to have started to flatten out. Whether this represents a degree of stabilisation or a lull before a return to a more turbulent market, only time will tell. What we can say, is that it is now considerably cheaper to move goods via sea freight, to and from China, than it was 6 month

While the rest of the world is living with Covid-19, the world’s largest economy, China, is still pursuing a strict, zero-Covid policy. Despite this, as November draws to a close, China has seen its first Covid-19-related deaths in six months. With much of the world asking China to review its current policy because of the disruption to global supply chains and the knock-on impact of people’s lives around the world, President Xi Jingping currently seems intent on maintaining a