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Boost for electronic bills of lading as UK adopts Electronic Trade Documents Act

24 August 2023

On 20 July 2023 the United Kingdom enacted an important new law that promises to transform the way international trade is conducted electronically. The Electronic Trade Document Act 2023 means that businesses that rely on English law are now legally permitted to exchange bills of lading and other trade documents electronically.

Liner supply falls as operators reduce average sailing speed by 4%

03 May 2023

During the COVID-19 pandemic, liner operators increased the average sailing speed by up to 4% due to strong demand and widespread port congestion. Today, the situation is very different and in the first quarter of 2023 the average sailing speed has slowed to 13.8 knots, down 4% y/y, and could drop by 10% before 2025.