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The global sea freight market is navigating turbulent waters as 2024 draws to a close, with recent months marked by capacity miscalculations, strikes, and geopolitical tensions. Carriers have struggled with overcapacity on major routes, particularly on Asia-North America lanes, where near-record
As we enter the final quarter of 2024, global freight remains under pressure. Congestion and capacity constraints continue to strain supply chains, especially as shippers prepare for the peak season. Ocean freight demand remains strong, particularly on Asia-Europe and Asia-Americas routes.
The US East and Gulf Coast dockworker strike, which began on the 1st October 2024, has been temporarily resolved after three days of disruption, but the risk of further strikes remains. The strike, led by 45,000 members of the International Longshoremen’s
As tonight’s (30th September) midnight deadline approaches, marking the expiration of the existing labour contract, the shipping industry is bracing for potential strikes by the International Longshoremen’s Association (ILA) on the US East and Gulf coasts. With significant disruptions looming,
Recent security threats involving incendiary devices in European parcel shipments have led U.S. and Canadian authorities to introduce new, stricter air cargo security measures. The action follows a German security alert that two incendiary devices were found in the parcel shipment
Labour disputes continue to cast a shadow over global supply chains, with potential strikes in Germany and the US threatening to disrupt key ports. While recent resolutions in Canada and India have provided temporary relief, the global shipping landscape remains precarious,
Air cargo shippers are racing to secure space ahead of the peak season, with air freight capacity already under pressure, amid the challenges of potential strikes and high demand. The latest IATA data shows a 14% year-on-year demand increase in July,
Global ocean freight continues to struggle with the reduction in container vessel capacity, soaring freight rates, port congestion, and equipment shortages resulting from the Red Sea diversions that were driven by the hijacking of the car carrier *Galaxy Leader* nearly
Temporary storage warehouses, also known by the simplified acronym TSW, are enclosures that offer interesting advantages for companies dedicated to the import of goods. If you are curious about them, then read on. In this article, we explain their function
Following nationwide unrest and a five-day internet blackout, broadband connections in Bangladesh have been restored, prioritising financial, industrial, export-import, diplomatic, IT, and crucial service hubs. Industrial Operations Resuming Numerous apparel factories across Chittagong, Narayanganj, and Gazipur have resumed operations. The majority of
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