Logistics insights from the GCL Team

As demand for containers rocketed as the world came out of the Covid-19 pandemic, freight rates followed suit. Now, as demand decreases,...

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