Asia and freight market update; June 2024
The OECD, WTO and IMF are predicting that global trade growth could more than double in 2024, with falling inflation triggering lower interest rates, to stimulate domestic markets and consumer…
Archive: News
Strikes threaten US, Canada and European supply chains
Labor contract negotiations for 45,000 dockworkers along the US East Coast have been canceled, industrial action by Canadian railways is becoming more likely, port workers in Germany went on strike…
US import volumes surge
Despite talk of deglobalization, near-shoring and global economic tensions sea-borne imports into the United States continue to grow, increasing by more than a quarter on pre-COVID 2019. With the trade…
Port congestion growing
The additional two weeks it takes for ships to sail around the Cape of Good Hope as a result of the Red Sea conflict’s effective closure of the Suez Canal…
US Customs trigger eCommerce crackdown
US Customs and Border Protection (CBP) has confirmed that it is cracking down on ‘de minimis’ eCommerce shipments, to ensure they are compliant, with several high-profile freight forwarders and customs…
Vancouver dock workers, railways and Canadian Customs staff edge closer to strike action
We are monitoring a potential strike by the International Longshore and Warehouse Union (ILWU) that would impact Vancouver container terminals, as well as possible action by the Canada Border Services…
Asia and freight market update; May 2024
Carriers have been pushing spot rates increases, GRIs and surcharges on all Asia outbound lanes, due to increased demand and increasing equipment challenges in more origins and it would be…
US news updates
The supply chain press have been accusing some container shipping lines of ignoring contracted ex-Asia volume allocations, in favour of carrying higher-yielding cargo at spot rates that have increased by…
Ex-Asia spot rates rise with cargo rolled
As predicted in our last freight market report the container shipping lines believe that volumes are rebounding to Europe, with projections for US imports also increasing and with capacity squeezed…
New ocean service is fastest between Ireland and U.S.
Offering transatlantic transit times that will be one to two weeks faster than current services from Dublin and Belfast, a new container shipping service launches tomorrow and with spare time…
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Asia and freight market update; April 2024
Iran’s seizure of the 15,000 teu MSC Aries in international waters off the Gulf of…
Asia and freight market update; June 2024
The OECD, WTO and IMF are predicting that global trade growth could more than double…
Smart supply chains and business growth
Effective supply chains are essential to support business operation and growth, and the supply chain’s…