PSP Worldwide Logistics London November 2023 - PSP Worldwide Logistics London

Supply chains may be impacted by Panama Canal drought

The Panama Canal handles about 6% of global trade and more than 70% of the cargo that passes through it, is either heading to or departing from the United States, but recent reports of 123 ships waiting to transit the…

Air cargo poised to benefit from sea freight’s reliability

With sea freight schedule reliability currently just over 60%, air freight could be buoyed if the anti-trust rules imposed by the EU further impact reliability next year. For many shippers reliability is their most important selection criteria and often that…

Global air freight market picks up

Despite the lowest expectations of a peak season, global air freight indices are recording rate rises on major east-west trades in October, as the industry entered the traditional peak season period. The latest figures from the Baltic Exchange Airfreight Index…

Shipping lines face Suez Canal price rise and EU ETS surcharge

Container shipping lines (and by extension shippers) are facing another price increase in January, with the Suez Canal announcing a 15% increase in fees on northbound transits. (more…)