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While much has been made of the impact of the peak season from Asia on sea freight rates, arguably the line’s capacity management is a bigger driver, with rising rates to the US and attempts to recover revenue from Asia…
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Spot sea freight rates from Asia to Northern Europe spiked last week by 25%, but may now have fallen back over 7%, while average spot rates from Asia to the US West Coast have increased 70% over the last two…
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In early July we reported how Maersk took the market by surprise with an FAK spot rate increase on its Asia-North Europe and Mediterranean services, with other carriers quick to follow their lead and while it remains to be seen…
Read MoreA subdued peak season, followed by a lengthy slack period, will prompt further rate erosion and while the Asia to Europe sea freight trade-lane has been relatively healthy and positive in June, with record numbers of new- build capacity being…
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Container shipping line Maersk took the market by surprise last Monday, announcing that it would impose a 49% freight all kinds (FAK) spot rate increase on its Asia-North Europe services, with other carriers quick to follow their lead. At this…
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While it looks like a strike has been avoided on the US West Coast, further up the coast, ILWU Canada are due to strike in Saturday, which will impact Vancouver and cargo destined for the US Mid-West, while the Panama…
Read MoreWhile Europe’s GDP growth is projected to slow to 0.7% in 2023, record volumes of new ships are joining a global fleet, which is sailing at ever slower speeds, as the shipping lines attempt to absorb additional capacity, by diminishing…
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Industrial actions by ILWU locals in the Pacific Northwest and Southern California, which lasted a week, were lifted on Monday and after Whitehouse intervention a new contract agreement has been announced, but Panama Canal navigation restrictions are impacting vessels serving…
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