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Monthly Archives: July 2024

Optimistic outlook for sea freight peak season

The outlook for the 2024 peak season appears optimistic, with carriers showing confidence through their planned levels of blank sailings and capacity deployment for the remainder of the third quarter. We review the carriers strategic approach to blank sailing, for…

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Airfreight market remains buoyant

The International Air Transport Association (IATA) reports continued strong demand for air cargo, with global markets experiencing significant growth. June’s data highlights exceptional first-half performance, surpassing the volumes of both 2022 and the record-breaking 2021 levels. Market Trends In June,…

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Market review; July

Over seven months have passed since the Galaxy Leader was hijacked by Houthi rebels from Yemen, and despite numerous US and coalition strikes, attacks on merchant vessels have increased. Conflicts in the Middle East often extend for years, influencing container…

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Strikes at US Atlantic and Gulf Coast ports closer

It is increasingly likely that strikes at ports along both coasts will be triggered as negotiations with maritime employers stall and the current master contract is set to expire on September 30, 2024 and the International Longshoremen’s Association (ILA) determined…

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Looking Ahead: Sea Freight in the Second Half of 2024

As we enter the second half of 2024, the sea freight industry faces significant uncertainties, particularly around supply. Diversions around the Red Sea and ongoing port congestion have absorbed any excess capacity that existed at the end of 2023. Since…

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