Forwarders warn of air cargo peak season capacity crunch
Freight forwarders are warning of an air cargo capacity crunch out of key Asian markets during the peak season as new product launches and e-commerce demand put pressure on an already strained market. In its latest update, Taiwan-headquartered company Dimerco said that the rise in e-commerce demand experienced this year was putting extra pressure on […]
Owen Mumford extends with Davies Turner
Medical device firm Owen Mumford has renewed its logistics partnership with Davies Turner for an additional three-year term. The renewed contract will continue to see Davies Turner providing UK logistics solutions, EU exports, including airfreight, and NHS fulfilment services, for Owen Mumford. Davies Turner, operating from one of its logistics fulfilment centres in Bristol, will […]
Peak practise as August air cargo spot rates up nearly 25%
Air cargo spot rates were sky high in August as demand and capacity imbalances continued, flanked by additional e-commerce and Red Sea shipping disruption-related demand. Average spot rates showed their largest year-on-year growth of 24%, according to the latest monthly analysis by Xeneta. Global average air cargo spot rates were recorded at $2.68 per kg […]
Hapag-Lloyd implements updated rates from West Med to Latin America
Hapag-Lloyd has announced an increase in ocean tariff rates for containers travelling from the West Mediterranean to Latin America. According to the German company’s statement, the geographical scope for Latin America includes the West Coast of South America, Central America and the Caribbean. The new rates will apply to 20′ and 40′ Standard, High Cube, […]
Maersk announces blank sailings ahead of Golden Week
Maersk has announced a couple of blank sailings, as the Golden Week National holiday period in China approaches. The Danish carrier said it aims to balance the network to match the reduction in demand and reduced workforce to handle cargo operations. Below, Maersk has noted the blank sailing details. Week Service / Vessel Voyage EB/WB First […]
Sửa quy định về quản lý giá dịch vụ cảng biển
Bộ Giao thông vận tải (GTVT) đang lấy ý kiến dự thảo Thông tư sửa đổi, bổ sung một số điều của Thông tư số 12/2024 quy định cơ chế, chính sách quản lý giá dịch vụ tại cảng biển Việt Nam. Điểm đáng chú ý tại Dự thảo là việc bổ sung danh mục […]
Surging volatility in Asia-Europe vessel capacity
Weekly container vessel capacity departing a region often exhibits significant variability, as vessel capacities can differ even within a single-liner service. “These weekly fluctuations can be quite drastic, especially during Chinese New Year and Golden Week, which makes seeing the underlying trends quite challenging,” stated Alan Murphy, CEO of Sea-Intelligence. “Source: Sea-Intelligence.com, Sunday Spotlight, issue […]
Shifting Global Trade Routes and Economic Power: A comparative analysis between Far East and Middle East
In an increasingly interconnected world, the dynamics of global trade routes and economic power are in constant flux, with regions like the Far East and the Middle East playing pivotal roles in these shifts. This geopolitical analysis focused on understanding the evolving relationship between these two crucial regions by considering three key indicators: Liner Shipping […]
MPA, PSA launch night movement of line-towed container barges in Singapore
In the first seven months of 2024, the Port of Singapore handled 23.82 million TEUs, reflecting a notable 6.1% increase in container volumes compared to the same period last year. Most container vessels completed their simultaneous cargo handling and bunkering within a day of arrival, with the average wait time for container berths reduced to […]
DNV and MPSF launch sustainability partnership
DNV, a leading classification society, has entered into a Memorandum of Understanding (MoU) with the Mumbai Port Sustainability Foundation (MPSF), a non-profit organization under the Mumbai Port Authority. This partnership focuses on advancing decarbonization, digitalization, emissions management, and safety in the maritime sector. MPSF, through its Centre of Excellence on ESG and circularity, seeks to […]