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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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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…
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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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…
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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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Things have not been easy for the container shipping lines in recent months, but this appears to be changing, with full ships and stabilising spot rates, after months of rate erosion and abundant capacity. The International Air Transport Association (IATA)…
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With the break up of Maersk and MSC’s 2M alliance in under two years, the shipping line alliance structure that has given the biggest container carriers the power to adapt services and capacity to maximise profitability will end. The 2M…
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Capacity utilisation had remained high from Asia, primarily due to blank sailings and a slight recovery in cargo, but utilisation levels slipped due to China’s Golden Week holidays and while global air freight capacity was up 15% last month, rate…
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