PSP Worldwide Logistics London June 2024 - PSP Worldwide Logistics London

Market review; 20th June

The IMF’s latest World Economic Outlook puts world trade growth at 3% and 3.3% for 2024 and 2025, respectively, while the OECD and WTO predict trade volumes will grow 2.6% and 3.3% in 2024 and 2025, respectively, which is more…

Port and rail strikes loom in Europe, USA and Canada

French port strikes have been suspended, but German strikes have started, with industrial action by Canadian railways likely and industrial action by Canadian railways is becoming more likely, while the International Longshoremen’s Association (ILA) is edging closer to the first…

Spot rates from China and Asia climb new peaks

Spot rates to Europe, measured by the Shanghai Containerised Freight Index (SCFI), have risen nearly 13% in the last week, taking them above their January peaks, with momentum continuing to be strong given the current tight space situation and further…

Exports from Asia hit by port congestion

Container port congestion at key Asian hubs continues to worsen, with berthing delays in China and Southeast Asia, and nearly half of all Asia-Europe westbound sailings failing to depart on time last week. Although the number of containers waiting at…