Air cargo under pressure as peak season looms
With capacity already strained and further challenges expected from potential labour strikes and reduced belly capacity in the final quarter, shippers are under increasing pressure to secure cargo space ahead of the peak season.
Strong demand
According to IATA’s latest figures global air ca...
Read more
Ongoing labour disputes threaten global supply chains
While recent developments in India and Canada suggest some relief from labour disputes, the threat of strikes continues to loom over port operations and global supply chains. The situation remains precarious, especially with the added complications from Red Sea diversions, which could magnify the...
Read more
Challenges in ocean freight: Capacity, congestion, and resilience
The ongoing disruption in the Red Sea and Gulf of Aden, which started with the hijacking of a vessel nearly ten months ago, has led to a substantial reduction in available container vessel capacity, driving up freight rates, intensifying port congestion, and exacerbating equipment shortages.
T...
Read more
US supply chains face multiple threats
Importers are entering a critical period, with looming labour disputes, capacity pressures, and surges in maritime and airfreight volumes are creating challenges that could disrupt supply chains well into the fourth quarter.
Demand surge
The Port of Los Angeles handled a record-breaking 940k ...
Read more
US market update: Navigating high demand and looming strikes
Shippers in the US are currently navigating a particularly challenging landscape, marked by elevated air cargo demand and looming threats of labour strikes on the East and Gulf coasts.
Air Cargo
Air cargo on the main trade lanes out of Asia remains in peak season mode. The situation is driven...
Read more
Record volumes raise concerns for peak season
Global demand for ocean freight container shipping has surged to unprecedented levels, surpassing even the peak during the Covid pandemic and comes when available capacity is already strained due to diversions around Africa, leading to concerns that any peak season demand could be calamitous.
...
Read more
US port strike threats on East and Gulf Coasts
The International Longshoremen’s Association (ILA) contract with maritime employers, represented by the United States Maritime Alliance (USMX), is set to expire on the 30th September 2024 and with under 10 weeks remaining, negotiations have stalled, making a strike increasingly likely.
Any...
Read more
New US demurrage and detention regulations in force
The Federal Maritime Commission (FMC) final rule on demurrage and detention billing requirements came into force on the 28th May, except for two provisions that are delayed.
The rule applies to ocean common carriers trading to or from the US, including vessel-operating common carriers (VOCCs) ...
Read more
India exporters face more challenges
Shipping lines are imposing surcharges and raising freight rates as capacity from India to Europe, North America and The Rest of The World tightens. Indicative of why this is, can be seen with exports to the US up 13% and significant ocean network changes expected on the India-North America trade...
Read more
US Customs target non-compliant eCommerce and brokers
US Customs and Border Protection (CBP) is taking action to minimise the exploitation of the generous small package, or ‘de minimis' environment. Seizing goods and enhancing enforcement efforts to hold brokers accountable, the CBP’s actions are unsettling the eCommerce and freighter markets, a...
Read more
US importers face multiple challenges
The rapid escalation of transpacific ocean freight spot rates is reminiscent of the spike experienced during the COVID-19 pandemic, while the air freight surge from Asia to the United States, that began late last year, looks likely to continue through the traditionally quiet summer months and int...
Read more
Ocean demand outweighs supply
The ongoing impact of vessel diversions as a result of the Red Sea conflict continues to absorb available capacity at a time when demand is rapidly increasing. Container volumes are already higher than many predicted and there is a possibility that we have already entered a peak season market env...
Read more