Coronavirus

Ocean capacity and equipment challenges continue globally

Container shipping rates from China to the US and Europe continue to rise, as reduced capacity, high consumer demand and equipment shortages across China and Southeast Asia escalate. While container freight rate increases on the transpacific trade from Asia have outstripped increases to Northern Europe over the last year – almost double on some routes – the rate level increases are driven

China export’s soar but factory prices rise

China’s exports have surged, driven by post-lockdown demand from the US and Europe, while factory gate pricing has risen at the steepest rate for more than three years. China’s economy grew 18.3% in the first quarter of 2021 compared to the same quarter in 2020, in its biggest GDP jump since China started keeping records in

Container shortage intensifies

Finding an empty container in Shanghai, Ningbo, Yantian or any other major Chinese gateway port, is becoming a major problem, yet again, as Asian container availability is tightening, and purchase and rental costs are soaring, and equipment will become even scarcer as demand builds through May into the peak season.  Continuing and sustained demand for

When will freight rates return to ‘normal’?

The leading container shipping lines are releasing their Q1 2021 operational statements, which show a sharp increase in freight rates compared to Q4 2020 reports. Not only in the sense that rates are increasing, but the pace at which the rates increase is also accelerating, but when will the increases slow and eventually reverse? Global

Air freight market still climbing

The global air freight market is accelerating rapidly, with massive rate increases impacting many trade lanes, with Asia & Europe to the US particularly affected. Volumes out of China have been increasing weekly, with higher yields to the US attracting carriers to the routes and reducing desperately needed capacity on other lanes, including Asia Westbound

Ocean Freight Update; On the front line from Asia

Our sea freight ops team continue to perform in a very challenging global ocean freight environment and with global supply chains likely to be under pressure for the rest of the year, they will continue to deliver the highest possible levels of service and performance available with all options being considered. Overcoming operational impacts and

Record Asia imports driving US supply chain disruption

Nine consecutive months of record breaking imports from Asia together with global supply chain volatility and uncertainty, is congesting US terminals and choking the inland supply chain infrastructure.  Booming US imports from Asia accelerated even further in March, to 1.66 million TEU, up an astonishing 90.5% from the same period in 2020. The top 13

Air freight demand returns but space remains an issue

The latest air cargo figures from the International Air Transport Association, the trade association of the world’s airlines, shows that while demand is growing ahead of pre-Covid levels, capacity is impeding growth and keeping prices far above the pre-pandemic levels. Measuring air freight demand by cargo tonne km (CTKs) IATA’s February 2021 figures show growth

India and Bangladesh enter new lockdowns, impacting supply chains

Having just come through a full weekend lockdown, Maharashtra state (location of the major port of Nava Sheva) government imposed lockdown-like curbs, including curfews, in the state from 8pm on 14th April for the next 15 days for everything but essential services, which includes transport, supply chain and customs operations, with Bangladesh entering a week

Shipping lines imposing new round of surcharges and rate rises into quarter 2

The container shipping industry continues to face heavy port congestion and vessel delays worldwide. The situation adds to the severe lack of vessels and empty equipment availability, forcing carriers to blank sailings on some trades when these sailings could generate record revenues, encouraging the lines to impose a new round of peak season surcharges and rate increases.