Trans-Atlantic opportunities but you need to act now
After three years, the container shipping lines’ trans-Atlantic feeding frenzy is over and with rates now well below pre-pandemic levels, this is the time for shippers to take advantage -…
Archive: Sea Freight
Panama Canal risk rising
While ongoing vessel and draft restrictions on the Panama Canal have not impacted shippers yet, we are monitoring the increasing queue of container ships waiting to transit the canal closely,…
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,…
75% of ILWU Canada membership ratify deal
With union members voting to accept a contract tentatively reached in Western Canada and the port of Halifax, Montreal is the last major container port to agree a new labor…
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…
Mixed performance on sea freight lanes
Last week’s spot rate data saw trans-Pacific rates into the US West and East Coasts increase for the 3rd consecutive week, while rates from Asia into North Europe flatlined, Asia…
Leading shipping lines announce Asia-Europe price hike
With no significant peak season in evidence and despite record-breaking deliveries of new container ships, the three biggest carriers have announced General Rate Increases (GRIs) effective from the 1st August.…
Trans-Pacific sea freight changes
As carriers announce rate increases from Asia to Europe, they are also implementing a raft of service suspensions, port call changes and blank sailings to support freight rates from Asia…
West Coast challenges remain
While ILWU members on the US West Coast have secured a 32% salary increase over the life of the next six-year contract, the deal has yet to be ratified and…
After 13 months West Coast labour contract agreed
The agreement in principle was announced publicly last night (14th June 2023) and comes after 13 months of negotiations and a timely intervention by the President’s Acting Labor Secretary, to…
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Asia and freight market update; June 2024
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