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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…
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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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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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Demand for sea freight has been spiking through the end of April and beginning of May and the availability of container equipment in Asia is increasingly tight, which is why we recommend booking as soon as possible to secure space.…
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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…
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Houthi rebels in Yemen continue to attack commercial shipping, with a rocket attack on a Greek-owned vessel and a US-owned bulk carriers in the last two days and with container shipping line’ schedules showing Cape of Good Hope routing for…
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The Houthi rebel attacks against commercial shipping in the Bab al-Mandab Strait approach to the Suez Canal, that began in December 2023, shows no sign of ending and all major container shipping lines are taking the 3,500 mile diversion around the Cape of…
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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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