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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 ...
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Date : 2023-12-19
MSC, the world’s largest shipping carrier, said it is no longer traveling through the Suez Canal after its container ship, the MSC PALATIUM III, was attacked Friday while transiting the Red Sea under a subcharter to Messina Line. ...
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Ocean and Air Freight Market Overview & Outlook 2024_December 2023
Date : 2023-12-12
Ocean and Air Freight Market Overview & Outlook 2024_December 2023
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[OCEAN] [Asia-US spot rates top contract rates for first time since 2022] - August 04, 2023
Date : 2023-08-08
Shipping lines have been in the red in the trans-Pacific trades for months. They may have just inched back into the black again, courtesy of the rise in spot rates over the past five weeks....
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[OCEAN] [Korea's SM buys shipping line HMM shares ahead of bidding] - Aug 02, 2023
Date : 2023-08-08
South Korea’s SM Group has increased its ownership in HMM Co., the country’s top container shipping line. The 30th-largest conglomerate in Korea, which aims to buy a controlling stake in HMM, acquired more shares to boost its biggest local rival’s co...
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Date : 2023-08-08
Shippers will hold the upper hand in the next round of winter airfreight rates negotiations after another month of falling demand in July saw volumes drop -2% month-over-month, and the general global air freight spot rate decline at a hastening pace ...
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[OCEAN] [Shipping line ONE’s profits plunge but still top pre-COVID levels] - July 31, 2023
Date : 2023-08-08
During the peak of the supply chain crisis, accusations flew, alleging that shipping lines were somehow colluding to prop up rates and gouge customers. Recent results posted by ocean carriers undermine those claims. They show the container shipping m...
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Date : 2023-08-08
Margins in the retail industry are currently under huge pressure due to a tough macroeconomic environment. Consumers have become increasingly cost-conscious following a year of high inflation and now record-high interest rates in the Eurozone. This w...
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[WORLD NEWS] [Climate change puts sovereigns at downgrade risk, study finds] - August 7, 2023
Date : 2023-08-08
A global failure to curb carbon emissions will lead to rising debt-servicing costs for 59 nations within the next decade, according to a study that simulated the economic impact of climate change on current sovereign credit ratings....