Archive: Freight market report

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…

By Paul Kelly in News Posted: 22nd, February, 2023

Asia freight market update; February 2023

The traditional Chinese New Year air and sea freight demand spike was extremely muted this year, with the container shipping lines reducing the number of westbound departures due to the…

By Paul Kelly in News Posted: 10th, January, 2023

Asia freight market update; January 2023

In China, rising coronavirus infections following the country's relaxation of its zero-COVID policy are contributing to disruption in supply chain operation. (more…)

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