Considering what H2 2024 may have in store for sea freight
Diversions around the Red Sea and port congestion have absorbed any excess sea freight capacity that existed at the end of 2023, with spot rates rates more than doubling since…
Archive: Sea Freight
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…
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…
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…
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…
Leading the way with greener shipping
Global forwarding is the first freight forwarder in the Republic of Ireland to invest in climate-friendly shipping with a Top Five container shipping line, and the first to actively avoid…
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Freight outlook 2025
The global freight industry in 2025 presents a dynamic landscape shaped by robust demand, geopolitical…
Asia and freight market update; June 2024
The OECD, WTO and IMF are predicting that global trade growth could more than double…
Asia and freight market update; April 2024
Iran’s seizure of the 15,000 teu MSC Aries in international waters off the Gulf of…