PSP Worldwide Logistics London News Archives - Page 4 of 14

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…)

Container shipping alliances under threat by EU

Container shipping line alliances will from next April no longer enjoy their 15 year exemption from EU rules against anti-competitive agreements, because the EU believes that it was no longer supporting small carriers as intended and it does not boost…

Freight market report; October 2023

Normal(ish) operations continue at most Israeli sea freight terminals, but a backlog of vessels is growing and while some airlines have resumed services to Israel, the industry is still exercising caution and charter requests are becoming increasingly harder to fulfil.…

Golden Week blanked sailings growing

Carriers are frantically cutting October sailings from Asia to Europe, to try and get capacity below demand levels, in a final attempt to support rates, before the start of the traditional slack season, because their next opportunity to significantly raise…

Seize trans-Atlantic opportunities before market rebounds

Once the container shipping lines’ most steady and dependable trade-lane, and then their unexpected post-pandemic cash cow, the trans-Atlantic market has dropped dramatically and offers shippers a significant opportunity, but only if they act now, before the market rebounds. Spot…