News Media
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Date : 2024-06-18
Threat of strike action at US East and Gulf Coast ports may see importers accelerate efforts to protect ocean supply chains in a vicious circle of disruption in ocean freight container shipping.
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ILA Halts Negotiations with USMX Amid Automation Disputes
Date : 2024-06-18
The International Longshoremen’s Association (ILA) today announced the suspension of talks with the United States Maritime Alliance (USMX) scheduled for Tuesday, June 11, 2024. This decision arises amidst ongoing negotiations of local agreements unde...
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OTI (Ocean Timeliness Indicator) June 10, 2024
Date : 2024-06-18
Flexport Ocean Timeliness Indicator
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East and Southeast Asian Ports Dominate 2023 Global Container Port Performance Index
Date : 2024-06-12
The latest edition of the Global Container Port Performance Index (CPPI) shows East and Southeast Asian ports leading the pack in 2023, with 13 out of the top 20 spots.
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U.S. Imports Surge Amid Rising Consumer Spending
Date : 2024-06-12
Major container ports in the U.S. are expected to see the highest inbound cargo volume in nearly two years this summer, driven by increased consumer spending and retailers stocking up to meet demand, according to a new report from the National Retail...
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Container Spot Rates in China Set to Hit Five Figures
Date : 2024-06-12
There were further double-digit increases in container spot freight rates this week, after a series of general rate increases and other surcharges came into effect on 1 June, a day or two after last week’s indices were published.
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Are Geopolitical Conflicts Push Shipping Towards a Golden Era?
Date : 2024-06-12
If there was a universal theme at the parties, presentations and meetings in the world’s shipping capital Athens this week, it’s that bad times are good for business.
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Hapag-Lloyd Sees Prolonged Red Sea Reroutings Regardless of Ceasefire
Date : 2024-06-12
German shipping company Hapag-Lloyd does not anticipate the shipping industry to resume sailing through the Suez Canal anytime soon, even if a ceasefire between Hamas and Israel was reached now, a spokesperson for the company told Reuters on Tuesday.
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Asia-Europe Container Trade Surging as Forwarders Warn of Capacity Crisis and Soaring Freight Rates
Date : 2024-05-22
Forwarders are warning customers that demand on Asia-Europe ocean trades is beginning to look a lot like the pandemic peak. “It’s shocking” said one UK forwarder. “The speed and pace of change is phenomenal, replicating the lead-up to the peak of ...
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Red Sea crisis and port congestion drive blank sailing surge
Date : 2024-05-22
Box lines are tradionally using blank sailings to manage supply in relation to demand, but during the pandemic, shipping lines were forced to blank sailings despite high demand and high freight rates, as endemic port congestion created a shortage of ...
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E-retailer demand surge to drive extended boom in trans-Pacific air freight market
Date : 2024-05-22
Air cargo demand will enjoy a sustained boost as Chinese e-retailers such as Temu and Shein attempt to establish sizeable market share in the US.
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What is behind the sudden and dramatic increases in ocean freight container shipping rates?
Date : 2024-05-22
Ocean freight container spot rates have risen sharply on the world’s top trades since the start of May, prompting speculation that the peak season has arrived early in 2024.
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Will new US tariffs on China imports be a case of history repeating?
Date : 2024-05-22
Global supply chains are braced for further disruption and increasing costs after US President Joe Biden announced new tariffs on Chinese imports on 14 May.
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Global trade gains push air cargo rates higher: TAC Index
Date : 2024-05-09
Rates on big lanes out of China mostly maintained positive momentum of recent weeks and months
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Thousands of Canada’s rail workers have a strike mandate. What happens now?
Date : 2024-05-09
CN and CPKC engineers and conductors vote in favor of strike action
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OTI (Ocean Timeliness Indicator) April 29th, 2024
Date : 2024-05-09
OTI (Ocean Timeliness Indicator) April 29th, 2024