PSP Worldwide Logistics London Road Archives - PSP Worldwide Logistics London

Market review; 25th April

The UK and Euro area economies moved back into expansion territory at the end of the first quarter, with manufacturing growing for a third successive month and new orders (PMI) accelerating to seven-month highs, with 2024 global GDP forecasts revised…

Market review; 14th March

Heading into the post Lunar New Year slack period sea freight spot rates retained most of their recent gains and while Drewry’s World Container Index dropped slightly in March it remains 80% higher than 2023 and 130% more than average…

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.…

Freight market report – August 2023

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…

Freight market report – July 2023

A 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…

Freight market report – June 2023

While 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…

Freight market report – May 2023

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…

Freight market report – April 2023

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)…