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Monthly Archives: February 2024

OCEAN Alliance quell rumours

Sending a clear message of stability, after Hapag Lloyd’s defection, the four remaining carriers in the OCEAN Alliance have formally agreed the continuation of their alliance until at least 31st March 2032. Founded in 2017 under a 10-year deal, the…

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Sea freight review

Global shipping schedule reliability dropped sharply in January due to the Red Sea impact, with just 51% of vessels arriving on time. Outside of the pandemic disruptions this is extremely low – pre-pandemic normality tended to be between 70-80%. Of…

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Shipping alliances may be ending

Maersk is joining with Hapag-Lloyd to form The Gemini Cooperation, in a move that will shake up the East-West container shipping market, with changes likely to last into the early 2030’s. Since announcing the breakup of its 2M Alliance with…

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2024 off to a flyer for air freight

Concerns about Red Sea supply chain delays combined with the early Lunar New Year contributed to a 10% increase in air cargo volumes in January, putting pressure on rates on many routes, including from Asia into Europe and the US.…

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US and Europe sea freight rates from Asia in trend

In a clearly defined link, sea freight spot rates from Asia to the US trade are peaking two weeks after spot rates to Europe reached their peak, as the scramble for capacity ahead of Lunar new Year subsided. That fortnight…

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