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Category: News

3rd January; Suez Canal crisis latest

The new year back in the office has started with the shock of the double-attack on the Maersk Hangzhou on Sunday, which came despite the formation of a coalition naval task force to patrol the southern Red Sea and Gulf…

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Container ships divert away from Suez Canal

Following a series of attacks on container ships off the coast of Yemen shipping lines are suspending passage through the Red Sea to the Suez Canal and diverting vessels around Africa, adding 10 days to transit times. The day after…

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Threat to container shipping

Just yesterday a Norwegian ship was attacked, one of many ships targeted in the Red Sea, due to escalating tensions in the Middle East around the war in Gaza. ZIM has already diverted its ships from the Suez to the…

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New and possible sea freight surcharges for 2024

Surcharges like BAF and CAF have become a standard feature of freight rate calculations, but there will always be scepticism of temporary surcharges and new ancillaries like the ‘container shifting’ charge announced by Maersk to cover re-stows on its ships.…

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Hong Kong air freight spiking

The pre-Christmas spike in eCommerce volumes out of China means that demand for air cargo space has risen 5%, driving rates up 11% from Hong Kong and China to the US and 9% to the UK. Having anticipated no peak…

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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…

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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…

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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…

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