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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…
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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.…
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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…
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…
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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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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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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Trade bodies and shippers have welcomed changes to the Northern Ireland Protocol contained in the ‘Windsor Framework’, that has been agreed in principal and announced by the UK and EU on the 27th February 2023. (more…)
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