Container Trade Statistics (CTS) demand data has been released for June and even though demand measured in TEU Miles is essentially hovering around zero the collapse in demand appears to have halted, and while it may be at a low
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The European Union is expanding its Emissions Trading System (ETS) and the shipping industry could be liable for €3.1bn in 2024, €5.7bn in 2025 and €8.4bn in 2026, with container shipping potentially accounting for 30% of overall emissions. As part of
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
Average spot rates from Asia to the US West Coast have increased 70% over the last two months, with the lines successfully implementing a series of rate increases, while rates from Asia to Northern Europe spiked last week by 25%,
With International Longshore and Warehouse Union members voting 75% in favour of the four-year agreement reached in Western Canada and the port of Halifax, Montreal is the last major container port to agree a new labor contract, as the federally
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
Rising imports have been driving trans-Pacific spot rates up as the peak season nears, though the lines GRI success looks less likely on North European routes, unless blanked sailings impact is felt quickly. After four months of rising imports from Asia
Blank sailings in June were lower than previous months, but most container shipping lines are now looking to implement further blank sailings in July to support rates, which will affect transit times and cause delays. Airfreight rate softening between May
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