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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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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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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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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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French port strikes have been suspended, but German strikes have started, with industrial action by Canadian railways likely and industrial action by Canadian railways is becoming more likely, while the International Longshoremen’s Association (ILA) is edging closer to the first…
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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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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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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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