news

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

demurrage detention

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

Import volumes to USA continue to grow

Sea-borne imports into the United States have grown by more than a quarter compared to pre-COVID 2019 levels and this at a time when the trade press is full of reports about deglobalization, near-shoring, and global economic tensions. Despite the stories

Challenging Times for Asia Export Trades

Asia’s export trades are as challenging today as they were during the pandemic, with extremely tight vessel space, equipment shortages, and port congestion leading to a surge in spot rates, which analysts forecast could reach stratospheric levels. Vessel schedule reliability from

Alliance changes to benefit shippers

Gemini Cooperation partners Maersk and Hapag-Lloyd plan to deliver massively improved schedule reliability levels of 95% after they launch next year, but they will likely face challenges in attempting to do so. The Gemini Cooperation partners believe that if they can