Category: 4PL

Ex-Asia spot rate spiral turned into shooting star

Container shipping lines have announced significant rate hikes on all ex-Asia trade lanes, due to increased demand and increasing equipment challenges in more origins and it would be prudent to expect more of the same. Effective capacity to North Europe has decreased by 5% compared to a year a... Read more

Airfreight market continues to fly – for now

The surge in Asia to Europe ocean freight (see ‘Ex-Asia spot rate spiral turned into shooting star’) is also boosting demand for airfreight to Europe and even to North and South America. Uncertainty and delays with ocean shipments have been encouraging more shippers to transfer to airfreig... Read more

US importers face multiple challenges

The rapid escalation of transpacific ocean freight spot rates is reminiscent of the spike experienced during the COVID-19 pandemic, while the air freight surge from Asia to the United States, that began late last year, looks likely to continue through the traditionally quiet summer months and int... Read more

Red Sea diversions create Western Mediterranean port congestion

The mass diversion of container ships away from the Red Sea since December has raised fears of congestion across west Mediterranean container ports, as carriers from Asia drop boxes destined for the eastern Mediterranean. Instead of entering the Mediterranean Sea dead end, created by the effec... Read more

China makes too much, but production is moving

The West says China makes too much, but many manufacturers have moved production to other countries to cut costs, leaving once prosperous manufacturing hubs like Dongguan struggling to adjust. In recent years workers began to demand higher wages, while companies began cutting prices in order t... Read more

Red Sea crisis expanding and growing

After the longest period of attack-free shipping in the Red Sea since December, the situation in the region is escalating, with an increase in Houthi attacks, fears that the ‘danger area’ may be expanding into the Arabian Sea and Indian Ocean and an Iranian vessel hijack off the Gulf of Oman.... Read more

Red Sea, garments and eCommerce among factors driving up airfreight rates

Traditionally airfreight rates would soften at this time, as the start of the airline passenger summer season adds significant amounts of belly-hold airfreight capacity on long-haul routes, but pockets of high volumes are pushing rates up. Globally, the air cargo market is experiencing rising ... Read more

Strengthening global partnerships: India

Metro’s main board recently completed a multi-city tour across India, as part of a strategy to fortify existing partnerships with key suppliers and to carve out new avenues for growth, by direct engagement with prospective customers. The visit spanned several major cities including Mumbai an... Read more

UK and EU customs border changes

ICS2 advance filings will be used by EU customs to identify high-risk shipments from the 3rd June, while post-Brexit import charges which come into effect on the 30th April have raised fears of UK food price inflation. The UK Common User Charge (CUC) The CUC will apply to each commodity line ... Read more

Red Sea update

The last three months of 2023 were some of the worst for liner shipping’s finances in recent years, while early volume indications for this year suggest the coming months could bring stronger trading conditions for shipping lines, especially with the Red Sea diversions and capacity management t... Read more

Maersk vessel collapses Baltimore bridge

The Dali, a time chartered Maersk container vessel with two pilots onboard, crashed into a support pylon of the Francis Scott Key Bridge in Baltimore, Maryland, in the early hours of Tuesday 26th February, collapsing a large section of the 1.6 mile bridge into the Patapsco River. The Francis S... Read more

Sea/Air growth undiminished

The latest air cargo data is showing a clear upswing in volumes at key sea/air hubs, as shippers from Asia seek to avoid the extended ocean freight transit that has resulted from the Red Sea shipping crisis. Over the first two months of the year, volumes to Europe from Dubai, Colombo and Bangk... Read more