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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
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
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
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
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
With the labour contract negotiations for 45,000 dockworkers along the US East Coast cancelled by the International Longshoremen’s Association (ILA), industrial action is more likely, as it is on the Canadian railways, while German port workers have already commenced strike
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
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
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