Asia freight market update; July 2023
A subdued peak season, followed by a lengthy slack period, will prompt further rate erosion from Asia to Europe, while rising imports have been driving trans-Pacific spot rates up and…
Archive: News
Mixed performance on sea freight lanes
Last week’s spot rate data saw trans-Pacific rates into the US West and East Coasts increase for the 3rd consecutive week, while rates from Asia into North Europe flatlined, Asia…
Trans-Pacific sea freight changes
As carriers announce rate increases from Asia to Europe, they are also implementing a raft of service suspensions, port call changes and blank sailings to support freight rates from Asia…
West Coast challenges remain
While ILWU members on the US West Coast have secured a 32% salary increase over the life of the next six-year contract, the deal has yet to be ratified and…
Asia freight market update; June 2023
With 4.9 million TEU in new build container shipping due to be delivered from 2023 to 2024 and Europe’s GDP slowing to 0.7%, capacity should be top of mind for…
Supporting trade with the EU
The Global Forwarding customs teams in the UK and EU have consolidated services, to include foodstuff compliance and fiscal representation, while our transport division continue to expand our commercial fleet,…
China and Western supply chains are interlocked
The countries with which China has the closest economic relationships are Western, including America, South Korea, Singapore, Japan and Germany and China’s export industries remain highly dependent on Western demand.…
After 13 months West Coast labour contract agreed
The agreement in principle was announced publicly last night (14th June 2023) and comes after 13 months of negotiations and a timely intervention by the President’s Acting Labor Secretary, to…
West Coast ports operating normally (UPDATED)
After a week of unofficial action by some ILWU members, West Coast ports are largely normal after the Union (ILWU) and maritime employers (PMA) agreed to a cooling off period…
Asia freight market update; May 2023
Vessel utilisation remained high from Asia, primarily due to blank sailings, though utilisation levels will probably show a ‘Golden Week’ decline, while global air freight capacity was up 15% last…
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