According to Sea-Intelligence, missing vessel capacity escalated in January 2022, with 13.7% of the fleet unavailable. The capacity absorption data shows that February recorded a slight improvement at 11.6% (see Figure 1). Schedule reliability for February will likely be worse than what is being reported now. Sea-Intelligence explains that due to certain cases having protracted […]
Read MoreA report The impact on trade and development of the war in Ukraine by the United Nations Conference on Trade and Development (UNCTAD) warns 1.5 million containers of Asia-Europe rail cargo could be re-routed to the ocean freight market and drive freight rates even higher. The war between Ukraine and Russia has disrupted land and […]
Read MoreU.S. importers are already starting to reset their supply chains to avoid disruptions ahead of potentially contentious contract talks this summer between West Coast dockworkers and the companies that manage the flow of goods through ports. Some shippers are pulling forward their holiday-season orders to get them into domestic networks early, logistics operators said, and […]
Read MoreDemand continues to increase, the upcoming change in season is seeing an increase in air freight requests for inventory to be stocked for Summer. To ensure goods arrive quickly, consider smaller batches of cargo across multiple uplifts. Rates are at a stable high due to capacity constraints, Jet fuel prices starting to decrease however the […]
Read MoreThe U.S. West Coast labor contract negotiations between the International Longshore and Warehouse Union (ILWU) and the Pacific Maritime Association (PMA) which represents West Coast employers, are set to begin on May 12. The current contract expires on July 1. Amid the backdrop of severe vessel backlogs, congested marine terminals, and inland supply chains struggling […]
Read MoreThe Federal Maritime Commission (FMC) has provided an additional 30 days for public comment on the Advance Notice of Proposed Rulemaking (ANPRM) on Demurrage and Detention Billing Requirements. interested parties now have until April 16, 2022 to file comments with the Commission. The Commission initiated the ANPRM to gauge if a new rule governing demurrage and detention […]
Read Moreby Dean Croke DAT Solutions, LLC February’s overall Logistics Managers Index reading of 75.2 is the second-highest in the history of the index and offers a glimpse into what future demand could look like for the dry van market. “January’s 3.3% sequential gain makes it 13 consecutive months over 70.0, which we would classify […]
Read MoreLocal authorities have eased lockdown restrictions in Shenzhen, saying the COVID-19 outbreak is now mostly under control. Factory operations and public transport in four districts including Yantian and a special economic zone have been put back into operation. Landside logistics and productivity at key manufacturing hubs had been impacted by movement restrictions which began on […]
Read MoreThe IATA summer schedule begins on March 27th, 2022. After two years of the coronavirus pandemic, the airlines are anticipating pent-up demand for travel to unwind in the coming months. “Here at Lufthansa, we expect to ramp up capacity on the North Atlantic significantly going into the summer schedule, driven by resurging passenger numbers. It […]
Read MoreThe cost of fuel reflects the most immediate impact on shipping of the conflict. However, in the weeks ahead, analysts predict a broad fallout from Russia’s aggression which has generated widespread condemnation and protests too from ordinary Russian people. The bunker price hikes did not mirror the leap in spot crude prices which saw Brent […]
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