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31
May
Newsletter – May 31, 2021
OCEAN FREIGHT UPDATES Container line schedules take another hit as port congestion in China spreads theloadstar.com Yantian International Container Terminal (YICT) has extended its export suspension until Monday, as port congestion worsens throughout China. The Shenzhen gateway was due to […]
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28
May
Newsletter – May 28, 2021
AIR FREIGHT UPDATES Cargolux sees new trends in a new era as air freight margins and capacity tighten theloadstar.com Air cargo yields on the transatlantic may begin to soften this summer, according to Richard Forson, chief executive of Cargolux. But so […]
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28
May
Ocean Freight Rate Update
Ocean container market conditions have continued to worsen as we enter the summer months. Increased demand, port congestion and traditional peak season product category growth have pushed service constraints to all new levels of dysfunction. The OEC Group is continuing […]
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26
May
Newsletter – May 26, 2021
OCEAN FREIGHT UPDATES Yantian Port halts entry for export containers lloydsloadinglist.com The Port of Yantian said it will stop taking in loaded containers as congestion at the export hub in Southern China deteriorates. The restriction will be implemented from 2200 […]
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25
May
Newsletter – May 25, 2021
AIR FREIGHT UPDATES Breaking: The UK CAA Suspends Belarus Flag Carrier Belavia simpleflying.com In response to international condemnation of an incident in Belarus, the UK Civil Aviation Authority (CAA) has suspended the operating permit of Belarus’s national carrier, Belavia. In addition, […]
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21
May
Newsletter – May 21, 2021
OCEAN FREIGHT UPDATES Blank Sailing Schedules Creating Further Delays for Shippers maritime-executive.com For much of the last year shippers have been complaining about delays, lack of availability, and rising costs as volumes soared in container shipping. A new analysis of […]
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17
May
General Rate Increase
Ocean container market conditions have continued to worsen into the second quarter of 2021. Available capacity, port congestion and schedule integrity have continued to degrade as the year has progressed. As a result, available space is being sold at premium […]
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14
May
Newsletter – May 14, 2021
OCEAN FREIGHT UPDATES Hapag-Lloyd rocks already hard-hit transpac shippers with a $3,000 GRI theloadstar.com Hapag-Lloyd has just announced a $3,000 per 40ft GRI on Asia to the US and Canada services from 15 June. A year ago, the Shanghai Containerized […]
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13
May
Newsletter – May 13, 2021
AIR FREIGHT UPDATES Israel’s Air Traffic Impacted By Rocket Attacks simpleflying.com Overnight, Israel came under a missile attack. More than 1,000 rockets were fired from Gaza, targeting major cities and the main airport of Ben Gurion. The airport closed for around […]
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12
May
Newsletter – May 12, 2021
AIR FREIGHT UPDATES Companies in desperate hunt for aircraft to move cargo freightwaves.com The airfreight market is so saturated that companies without precommitments, or the stomach to pay premiums, are having difficulty finding aircraft to move their goods. And import cargo […]
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