Montreal
Ex-China air freight prices are continuing to rise this week on the back of highly constrained air freight capacity and strong demand.
Among the ‘Top Movers’ this week of lanes tracked by TAC Index data is Shanghai-Amsterdam, where spot rates have seen a rise this week of around 18%, while prices from Shanghai to a basket of European airports …
The market for container transport is headed for a “new normal” with a market characterized by high freight rates in a cyclical upturn that could last for years, says analyst Lars Jensen. Both shippers and logistics companies could face hard times.
Shipping Watch…
IATA released March 2021 data showing that air cargo demand continued to outperform pre-Covid levels with demand up 4.4%. March demand reached the highest level since the series began in 1990.
Because comparisons between 2021 and 2020 results are distorted by the extraordinary impact of COVID-19, all comparisons to are to March 2019 which followed a normal demand pattern.…
Liner customers should expect prolonged service disruption before a return to “normalcy” in Q3, according to Rolf Habben Jansen, CEO of Hapag-Lloyd.
In a press briefing yesterday he also said substantial port congestion was likely to continue through the second quarter in both the US and Europe.
He predicted “significant” year-on-year rate increases for carriers as they negotiate long-term …
February saw 100 container ships ordered, the highest monthly demand on record according to Shipbroker Braemar ACM, mainly in the neo-Panamax range, 10-14,000TEU, with another 51 neo-Panamaxes ordered in March.
In total more than 160 ships have been ordered to date this year alone with around 65 in the larger bracket, while around 100 vessels of up to 5,100TEU …
A Covid-19 cluster has emerged in Singapore’s container port, after a trailer driver tested positive, leading to fears that the virus could have spread through the port.
Singapore’s Health Ministry announced on 6 May that it is testing port workers, after a trailer driver, who worked at Brani and Pasir Panjang Terminals, tested positive for Covid-19 on May 4th.…
With increasing volumes of cargo being experienced on its LCL and FCL rail freight services between China and Europe, the recent problems in the Suez Canal have made the transport of freight by rail from China into Europe look more attractive.
A similar tendency was reported by many logistics and freight forwarding groups who observed strong rises in demand …
Longshore labor disputes are flaring up in North America, with real potential conflict building on multiple fronts that is disrupting cargo movements today and could lead to much greater supply chain disruption in the year ahead.
Now that the strike in Montreal ended, a growing dispute is focused on the use of non-union labor to load ships at the …
Asian container ports have marked the highest efficiency scores in the world, dominating the top-50 positions of the global ranking according to the new Container Port Performance Index.
The report scored ports against different metrics, making the efficiency ranking comparable around the globe by assessing and standardizing for different ship sizes and container moves per call, according to a …