Ocean, air, and road freight sectors are responding to unique regional and operational pressures, as well as ongoing capacity and rate adjustments. OCEAN The ocean freight market is cautiously optimistic,…
Ocean freight remains constrained by port congestion and equipment shortages, while air freight sees increased rates due to capacity limitations on key routes. In road freight, operational costs and high…
Container shipping lines are experiencing full bookings on numerous trade routes until August and with strong demand from Asia expected to continue well into the third quarter It is highly…
It is now more than seven months since the Galaxy Leader was hijacked by Houthi rebels operating from Yemen and despite numerous strikes by US and coalition forces, attacks on…
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…
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…
Iran’s seizure of the 15,000 teu MSC Aries in international waters off the Gulf of Oman means the ‘maritime danger zone’ has expanded significantly from the Red Sea and the…
Many of the world’s top ocean freight stakeholders gathered in Long Beach, California earlier this month for the annual TPM conference, which this year takes place under the shadow of…
After a full year of month-on-month falls in ocean freight rates, the Xeneta Global Index (XSI) recorded its first gain in 13 months, edging up 0.2% in September. OCEAN Although…
The latest Drewry World Container Index is now 85% below its 2021 peak and 42% lower than the 10-year average, indicating a return to more normal prices. However, it remains…
Iran’s seizure of the 15,000 teu MSC Aries in international waters off the Gulf of…
Effective supply chains are essential to support business operation and growth, and the supply chain’s…
Some areas of global trade continue to experience extreme congestion, while other areas are operating…
