GLOBAL MOBILITY AND RELOCATION: NAVIGATING SHIPPING DISRUPTIONS IN 2024 #LetsTalkGlobalMobility

In today’s fast-paced world, few things can derail global mobility plans quite like shipping delays. While 2023 saw a return to pre-pandemic levels and timeframes in the shipping industry, 2024 has been less forgiving. For anyone coordinating international moves, the current disruptions affecting the shipping industry are more than just a minor inconvenience—they’re a serious headache. Let’s explore the key issues impacting shipping, which, in turn, are significantly affecting the global mobility and relocation process:

• Port Congestion: Major ports, particularly in Shanghai, Ningbo, and Los Angeles, are facing severe congestion. This is the leading cause of increased lead times, unpredictable shipping schedules, and consequently, rising shipping costs worldwide.

• Container Shortages: The uneven recovery from pandemic-related disruptions has created a significant imbalance between importing and exporting regions. As a result, supply and demand for containers are misaligned, making it increasingly difficult to secure a container—let alone a vessel.

• Enhanced Border Controls: Stricter border controls, particularly in Germany, have been implemented to address illegal migration and security concerns. These measures are notably affecting the movement of goods across borders in the Schengen region, causing further delays.

• Emergency Bunker Surcharge (EBS): The EBS is an additional fee imposed by shipping companies to offset the rising costs of fuel, especially when fuel prices increase unexpectedly. For instance, this surcharge adds approximately £300 to the cost of shipping a 20ft container and £800 for a 40ft container.

• Geopolitical Tensions: Political instability, conflicts, and tensions between nations are creating new barriers to the free movement of goods. Restrictions in conflict-affected regions, such as Ukraine and parts of the Middle East, are further complicating shipping times and reducing the availability of vessels and containers.

As if moving internationally wasn’t stressful enough, these factors can make the global mobility process seem overwhelming. While some issues are beyond our control, having strong connections within the shipping industry can be invaluable. Whether you’re relocating from Germany to the UK or from Dubai to Monaco, Jeremy has the expertise to guide you through the process. With insider knowledge and extensive relationships with multiple carriers, Jeremy can offer alternative solutions to ensure the process is as fast and cost-effective as possible.

In addition to Jeremy’s relocation services, our Global Mobility team provides comprehensive support with immigration, tax planning, property and education advice to make your move as seamless as possible—no matter the destination.