Asia and freight market update; July 2024
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…
Archive: Freight market report
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…
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…
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…
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…
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…
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…
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,…
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…
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…
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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…
Smart supply chains and business growth
Effective supply chains are essential to support business operation and growth, and the supply chain’s…
Global freight update
Some areas of global trade continue to experience extreme congestion, while other areas are operating…