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Market updates from Noatum Logistics provide a comprehensive overview of the current trends and projections shaping global trade and transportation sectors. The OECD, WTO and IMF have forecasted significant growth in global trade for 2024 and beyond, revising projections upwards, with
As container shipping and its global transport networks enter the typical peak season for demand, this year brings significant uncertainties surrounding supply. Red Sea vessel diversions and port congestion have absorbed any excess capacity that existed at the end of 2023,
The maritime transport of goods is a very complex activity in which a large number of variables have to be taken into account. This is where maritime chartering comes into play, which essentially represents a contract to lease a ship
Despite assumptions that OCEAN Alliance members might decide their current setup is not fit for purpose and split to form a new partnership, they took the market by surprise by extending operational cooperation for at least another five years. CMA CGM,
The current Red Sea instability has shifted the market balance – albeit temporarily – in the carriers’ favour, but it also raises questions about the binary balance of power between carriers and shippers. This disruption is different from those preceding it,
The early Chinese New Year and shipper concerns about Red Sea supply chain delays contributed to a 10% increase in air cargo volumes last month, putting pressure on rates on many routes, including from the Indian Subcontinent and South East
The European Union’s surprise decision to end container shipping lines’ exemption from competition law next April and imposing carbon taxes on them from January, mean the lines already have a challenging 2024. Recent air freight rate increases may suggest a
Carriers have already been announcing additional blanked sailings in the weeks after the Golden Week holiday, suggesting that demand is expected to decrease in the weeks that would typically be in the Asia to Europe peak season. The latest Drewry
While much has been made of the impact of the peak season from Asia on sea freight rates, arguably the line’s capacity management is a bigger driver, with rising rates to the US and attempts to recover revenue from Asia
The Financial Times reported last week that post-Brexit UK border food checks, that were due to commence at the end of February, have been delayed again due to cost and inflation fears. Delayed since 2021, when the EU imposed their own
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