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EUSU LOGISTICS MONTHLY LOGISTICS & NEWS_MARCH '2024
Date : 2024-03-26
EUSU LOGISTICS MONTHLY LOGISTICS & NEWS
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[AIR] Air freight rates decline on LNY impact: TAC Index
Date : 2024-02-21
Index of outbound routes from Hong Kong suddenly dropped 13% WoW after recent gains
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[AIR] Indian e-commerce takes the air route to deliver cross-border
Date : 2024-02-21
Online retail shipments around the world are pouring volumes to air cargo due to the speed factor. The Indian air cargo is also witnessing an increased movement of e-commerce but not without challenges. “During the peak of the Covid-19 pandemic, it ...
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[SHIPPING] Spiralling ocean freight rates from the Far East to US may have peaked
Date : 2024-02-21
The Red Sea crisis sent ocean freight rates from the Far East to US spiralling by more than 150%, but there appears to be some relief on the horizon for shippers. The latest data released by Xeneta indicates a peak may have been reached after spot r...
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[SHIPPING] China-US container leasing rates rise threefold, container demand recovery on the horizon
Date : 2024-02-21
The global shipping industry experienced a significant surge in rates over the past couple of months, as an aftermath of the Red Sea crisis. Three months into this crisis, container leasing rates on the China-US trade route have surged dramaticall...
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Date : 2024-02-14
Air cargo rates from China have surged in the final full week ahead of Lunar New Year (LNY) on February 10 as shippers rush to get goods shipped before the LNY holiday period, according to the latest figures from WorldACD Market Data.
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[AIR] LOVE IS IN THE AIR… THE IMPACT OF VALENTINE’S DAY ON AIR FREIGHT
Date : 2024-02-14
Love is, quite literally, in the air as North America gears up for Valentine’s Day on 14 February through the import of fresh-cut flowers from Latin America. Let’s take a look at how the air freight market on this important corridor is shaping up as ...
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[SHIPPING] US Container Imports Expected to Rise in First Half of 2024
Date : 2024-02-14
The first half of this year is projected to see an increase in inbound cargo volume at major U.S. container ports despite recent attacks on ships in the Red Sea, according to the latest Global Port Tracker report by the National Retail Federation and...
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[SHIPPING] Red Sea Greens to Chinese New Year Blues: Where are container spot prices headed?
Date : 2024-02-14
As the Chinese New Year Blues unfold, with the “Year of the Dragon” being celebrated from the 10th to the 15th of February, 2024, the container spot rates finally seem to have given up their green sprints that commenced on account of the Red Sea disr...
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[SHIPPING] Despite dim outlook, January imports grew at fastest pace in 7 years
Date : 2024-02-14
With geopolitical tensions rising around the Suez Canal and water levels dropping at the Panama Canal, one could be forgiven for expecting U.S. imports to fall in January. But, according to new data from Descartes, they were shockingly robust. The...
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[SHIPPING] No large ships idled this week
Date : 2024-02-14
Following the impact of the Houthi attacks on commercial shipping in general and container ships in particular the number of large boxships idled fell to zero with carriers deploying tonnage to maintain schedules on the longer Cape route.
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[AIR] Strong, slow January pushes air cargo volumes up 10%
Date : 2024-02-14
Global air cargo volumes rose by a surprise but welcome 10 percent year-on-year in January as shippers’ concerns over hostilities in the Red Sea and an early Lunar New Year more than compensated for an anticipated post-Christmas drop in ecommerce tra...
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[Shipping] Israel logistics startup forges overland trade route to bypass Houthi Red Sea crisis
Date : 2024-02-14
Trucknet Enterprise, an Israeli smart transportation company has forged agreements this month to facilitate an overland trade route for the transfer of goods from the Persian Gulf through Saudi Arabia and Jordan to Israel bypassing the Red Sea waterw...
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[Shipping] Red Sea crisis impact on box rates more rapid than Covid-19: Xeneta analysis
Date : 2024-02-14
The Red Sea crisis has seen ocean freight rates increase faster than in the early months of the Covid-19 pandemic as swathes of shippers are told some of their contracts will not be honoured. Xeneta, an ocean freight rate benchmarking and intellig...
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EUSU LOGISTICS MONTHLY LOGISTICS & NEWS_FEBRAURY '2024
Date : 2024-01-30
EUSU LOGISTICS MONTHLY LOGISTICS & NEWS_FEBRAURY '2024
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[Logistcs_Shipping] Panama Canal to increase daily transits to 24 starting in January
Date : 2023-12-27
The measure replaces the previous announcement that forecasted daily transits at 20 slots for January and 18 slots for February. - At the end of the rainy season, projections allow for an increase of 6 daily slots
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[Logistics_Shipping] Global retailers, goods facing disruption risks from Red Sea attacks
Date : 2023-12-27
Global retailers selling apparel, household staples and white goods face bigger risks from disruptions in freight movement through the key Suez Canal trade route as Iran-backed Yemeni militants attack ships sailing through the lower Red Sea.
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[Logistics_Shipping] Yemen’s Houthis say they attacked two more vessels in the Red Sea
Date : 2023-12-19
Yemen’s Houthi rebels say they have launched a drone attack targeting two cargo vessels in the Red Sea, the latest in a series of assaults that have disrupted maritime trade as freight companies seek to avoid the area. Houthi spokesperson Yahya Sarea...
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[Logistics_Shipping] Shipping Stocks Rise as Red Sea Attacks to Squeeze Supply
Date : 2023-12-19
Shipping stocks rose across the globe as disruption to Red Sea routes due to militant attacks was expected to drive up the prices they charge for moving goods in ocean containers. The world’s largest shipping group, AP Moller - Maersk A/S, jumped as ...