6% Drop in Global Ocean Capacity Due to Red Sea Diversions The longer ocean transit times around the Cape of Good Hope as vessels continue to avoid the Red Sea have reduced ocean capacity by 6% globally. The extra 10-14 days added to transit times from Asia to Europe...
This week: West Coast ports and container terminals see a return to pre-covid container volumes as they process the pre-Lunar New Year rush US container import flows show changes as US shippers order more from Vietnam, India, and other countries Delays and problems...
This week: Red Sea vessel diversions push ocean schedule reliability back to 2022 levels Ocean carriers pursue GRI spot rate increases as the Lunar New Year approaches The Port of New Orleans receives a federal grant of $226 million for the construction of a new...
This week: Air and rail demand from Asia to Europe sees a steep spike as analysts watch cargo volumes increase Trans-Atlantic ocean carrier surcharges delayed as carriers experience overcapacity and low demand US Southeast ports continue with upgrades to capture...
This week: Hapag-Lloyd stops long-term Asia-Europe contracts following escalating Red Sea and Suez Canal crisis Pressure from the Red Sea crisis has analysts predicting a coming surge in air cargo rates Cargo volumes in Northeast US ports are projected to rise back to...
This week: Gulf Coast ports to focus on expansion projects for improved container capacities US chassis demand remains low while providers deal with excess supply The new year sees a sharp drop in air cargo rates Continued Suez Canal diversions push Asia-US ocean...