Hapag-Lloyd said there could be a potential for a cargo surge ahead of the Lunar New Year in January 2025, driven by shippers trying to avoid potential new U.S. tariffs on Chinese goods under the incoming Trump administration. Hapag-Lloyd CEO Rolf Habben Jansen said the demand spike is possible, but noted it was too early
In September, global schedule reliability reached the lowest level the industry has seen in 24 months, declining 1.2 percentage points to 51.4%. Schedule reliability has remained between 50% and 55% in 2024 but has been trending downward since May. Nonetheless, low levels of volatility in schedule reliability in 2024 have afforded shippers a reasonably good
Container shipping faces potential overcapacity according to market outlook assessments. S&P Global reported that carriers expect a 9% growth in capacity against a 3% rise in cargo volume in 2025. BIMCO’s forecast indicates capacity could expand by 16%, while cargo volumes may grow only 4-5%. Despite these figures, Maersk CEO, Vincent Clerc said concerns over
Senior air cargo executives have urged a balanced approach toward the booming e-commerce sector, stressing the importance of maintaining relationships with traditional customers. There was agreement among industry leaders at TIACA’s Air Cargo Forum in Miami that long-term growth depended on supporting traditional clients and ensuring capacity remains available for them. The head of cargo
Cargo traffic remains concentrated at the world’s main hub airports, with the top 20 airports handling around 42% of global volumes, despite a -3.2% decline year-over-year, according to ACI World. Global air cargo volumes fell by -1.8% in 2023 to 115 million tonnes, but top airport rankings remained steady. Hong Kong held first place, followed
Ocean carriers at ports in Mexico and Central America are adjusting services and building contingencies to maintain schedule integrity. Carriers and forwarders attribute the challenges to high trade volumes, particularly from Mexico. In response to chronic port congestion and berthing delays at key ports in the region, Maersk and CMA CGM have adjusted their service
Canadian ports face potential disruptions as labor tensions rise on the East and West coasts. Port employer B.C. Maritime Employers Association (BCMEA) in British Columbia received a 72-hour strike notice from the International Longshore and Warehouse Union (ILWU) Local 514, representing approximately 700 foremen. In response, the BCMEA has issued a lockout notice that will
Asia-Europe spot freight rates temporarily rose after 15 weeks of decline as carriers implemented general rate increases (GRIs) on ex-Asia shipments. Drewry’s World Container Index (WCI) showed an 8% rate jump on Shanghai-Rotterdam routes and an 11% rise on Shanghai-Genoa routes. Despite this uptick, industry experts are seeing the increases as temporary. Market feedback suggests
The Eastbound Trans-Pacific trade is seeing unusually strong demand for Asian imports in November when peak season typically slows. Steady retail sales, concerns over higher tariffs, and the mid-January expiration of the labor agreement at U.S. East and Gulf Coast ports have reduced blank sailings to about 5.4% on the West Coast and 8.1% on
Schedule disruptions on the North-South trade lane have resulted in port delays, which are spreading across South America’s East Coast. Vessels arriving late from the U.S. are causing delays for cargo leaving ports in Brazil, Argentina, and Uruguay. JOC analyst and CEO of Vespucci Maritime, Lars Jensen, previously warned that the ripple effects from the
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