Archive: Freight market report

By Paul Kelly in News Posted: 23rd, April, 2024

Asia and freight market update; April 2024

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…

By Paul Kelly in News Posted: 14th, March, 2024

Asia and freight market update; March 2024

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…

By Paul Kelly in News Posted: 19th, October, 2023

Asia and freight market update; October 2023

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…

By Paul Kelly in News Posted: 18th, September, 2023

Asia and freight market update; September 2023

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…

By Paul Kelly in News Posted: 18th, August, 2023

Asia and freight market update; August 2023

The container shipping line’s capacity management is driving rate recovery from Asia to the US, Europe and the Med, while the quiet summer period continued in airfreight markets during July,…

By Paul Kelly in News Posted: 26th, July, 2023

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…

By Paul Kelly in News Posted: 28th, June, 2023

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…

By Paul Kelly in News Posted: 26th, May, 2023

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…

By Paul Kelly in News Posted: 26th, May, 2023

US news round-up

This summary of freight and supply chain developments in May, has been edited by Global Forwarding’s Vice President of US operations, Adam Davies, who also provides some valuable insights, to…

By Paul Kelly in News Posted: 21st, April, 2023

Asia freight market update; April 2023

Full ships, stabilising spot rates and a bullish charter market are giving container shipping lines cause for optimism, while air cargo demand has risen above pre-pandemic levels and hauliers seem…

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Asia and freight market update; April 2024

23rd, April, 2024

Iran’s seizure of the 15,000 teu MSC Aries in international waters off the Gulf of…

Smart supply chains and business growth

14th, June, 2023

Effective supply chains are essential to support business operation and growth, and the supply chain’s…

Global freight update

20th, August, 2020

Some areas of global trade continue to experience extreme congestion, while other areas are operating…