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Ocean freight disruptions, demand, and solutions

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

Gradual Recovery to Supply Chains in Bangladesh

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

Strikes threat to U.S. East and Gulf Coast Ports

The International Longshoremen’s Association (ILA) is facing a critical juncture as its current contract with maritime employers, represented by the United States Maritime Alliance (USMX), is set to expire on September 30, 2024. With only 80 days remaining, negotiations have

Airfreight market update

Air cargo market remains firm

Global air cargo markets experienced robust growth in the second quarter, with rates on key trades out of Asia remaining firm into the third quarter, despite entering the typically quieter summer season. The latest IATA data shows that total demand, measured

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FMC Delays Gemini Alliance

The US Federal Maritime Commission (FMC) has delayed the approval of the Gemini Cooperation, an operational partnership between Maersk and Hapag-Lloyd, pending further information from the two carriers. The FMC move, announced on July 12, comes as the commission seeks

H2 2024: The Outlook for Air Freight

During the pandemic, analysts observed a clear link between ocean disruption and increased air freight demand, with shippers seeking certainty once-again by opting for air freight. As ocean freight rates nearing pandemic levels again, shipping reliability has been improving, despite localised