05
Aug
Airline cargo revenues improve in Q2 along with market According to earnings results released, cargo business at publicly traded passenger and combination airlines improved in the second quarter compared to the previous three months as the recovery from a prolonged…
29
Jul
Global freight forwarding market to expand 1.7% in 2024 The global freight forwarding market faced a downturn in 2023. According to the Global Freight Forwarding 2024 Report from Ti insight, market performance contracted by -1.3%, in real terms. The decline…
22
Jul
ILA says strike ‘more likely’ as contract deadline looms with no progress The International Longshoremen's Association (ILA) announced that a strike "is becoming more likely" as they struggle to reach a new contract agreement with maritime employers along the East…
15
Jul
Container freight rates seen peaking According to Linerlytica, freight rates may have peaked and are leveling off. The company said new shipping capacity into the U.S. West Coast, North Europe, South America, and the Middle East has reduced pressures on…
08
Jul
Loading worries drive early peak season frenzy on eastbound trans-Pacific Shippers worried about not being able to secure capacity for the upcoming peak season are rushing to book space and equipment on the Trans-Pacific container market. Container spot rates from…
01
Jul
US trade groups urge Biden’s help in restarting stalled ILA-USMX talks A group of U.S. manufacturers, distributors, retailers, and trade organizations is urging the Biden administration to help resume stalled contract negotiations between the International Longshoremen's Association (ILA) and maritime…
24
Jun
Big capacity injection into ex-Asia trades having little effect: Drewry Maritime consultancy Drewry reported that carriers have added 1 million TEUs of new containership capacity to trades originating out of Asia in the first four months of 2024. However, congestion…
17
Jun
U.S Port Negotiations Stall Over Automation Dispute Labor talks between U.S. port employers, represented by the United States Maritime Alliance (USMX), and the International Longshoremen's Association (ILA), representing dockworkers along the U.S. East and Gulf Coast ports, have come to…
10
Jun
Diverging Ocean Rates for Shippers and Forwarders Disruptions in global container shipping triggered by the Red Sea crisis and an early peak season have caused ocean spot rates to rise sharply in May and June in many key trades. Consequently,…
03
Jun
Bottlenecks in Singapore Singapore, the world's second-busiest container port, is facing severe congestion, causing significant shipping delays. According to Linerlytica, containerships must wait up to seven days to berth in Singapore so up to 450,000 TEUs are being held up.…
