Bangladesh supply chain disruptions
Bangladesh's Prime Minister, Sheikh Hasina, arrived in India this week following the army's seizure of power after violent riots. This development adds another challenge to global supply chains, with the world’s third-largest garment exporter now experiencing the world’s longest vessel berthi...
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Asia westbound market update
Air and sea freight from Asia continues to demonstrate remarkable resilience and growth, fuelled by robust demand, strategic capacity management, and dynamic trade routes, with India recording significant increases, driven by pro-industry government initiatives, eCommerce, and manufacturing growt...
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US market update: Navigating high demand and looming strikes
Shippers in the US are currently navigating a particularly challenging landscape, marked by elevated air cargo demand and looming threats of labour strikes on the East and Gulf coasts.
Air Cargo
Air cargo on the main trade lanes out of Asia remains in peak season mode. The situation is driven...
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Bangladesh Lockdown Easing
Peaceful protests by university students against a government job quota system favouring relatives of war veterans escalated into nationwide violence last week, resulting in over 150 deaths, communication blackouts, and curfews. Today, Bangladesh began to gradually lift the curfew imposed last Th...
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Record volumes raise concerns for peak season
Global demand for ocean freight container shipping has surged to unprecedented levels, surpassing even the peak during the Covid pandemic and comes when available capacity is already strained due to diversions around Africa, leading to concerns that any peak season demand could be calamitous.
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Global IT outage disrupts supply chains
On Friday, a faulty update to Microsoft software by cyber-security firm Crowdstrike, saw global supply chain operations significantly disrupted, with the fallout expected to take weeks to fully resolve.
Thousands of flights were grounded or delayed at major air freight hubs in Europe, Asia, an...
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SECURITY UPDATE: Red Sea
The recent sinking of the Prestige Falcon oil tanker, following a Houthi attack, marks the deadliest incident involving these strikes to date.
The vessel capsized near the Omani coastal city of Duqm, and while the Indian Navy rescued nine of the 16 crew members, one was found deceased, and six...
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US port strike threats on East and Gulf Coasts
The International Longshoremen’s Association (ILA) contract with maritime employers, represented by the United States Maritime Alliance (USMX), is set to expire on the 30th September 2024 and with under 10 weeks remaining, negotiations have stalled, making a strike increasingly likely.
Any...
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South Korea factory fire underline danger of lithium batteries
In June, a catastrophic factory fire erupted after several lithium batteries exploded, killing 22 people in South Korea. As a leading producer of lithium batteries, South Korea’s Aricell factory housed an estimated 35,000 battery cells, used in products ranging from electric vehicles to laptops...
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Peak season impact on container freight rates
The last week of June saw further gains on sea freight spot rates from Asia into Europe and North America, as a series of peak season surcharges (PSS) were imposed and new FAK levels from 1st July creating double-digit increases in spot freight rates.
With spot and FAK rates across all three c...
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European ports turned into EV car parks
European ports are overflowing with imported electric vehicles (EVs), especially from China, as manufacturers rush to ship cars before new tariffs take effect. This surge in imports has turned car terminals into vast car parks, with dealers hesitating to accept more vehicles due to slowing sales....
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Port congestion (amongst other things) continues to push rates up
With increasing amounts of ocean freight capacity soaked up by COGH (Cape of Good Hope) diversions and port congestion, spot rates are spiking, with indexes up significantly on 2023 and market led spot/FAK rates up by nearly 500%. Now, carriers desperate for ships and more capacity are setting n...
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