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December 6, 2023 Update

Freightos

With the threat focussed on Israel-linked vessels there has not been a significant impact on vessel flows through the Red Sea yet. The degree to which December’s rate increases will stick though, will depend on the carriers’ ability to reduce capacity to current demand levels. Freightos Air Index data show that China – N.

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April 16, 2024 Update

Freightos

Alongside the ongoing, Iran-sponsored, attacks on Red Sea traffic, this event poses yet another potential challenge to the container industry. In air cargo, B2C e-commerce demand out of China continues to be the biggest driver of strong volumes, tighter capacity and upward pressure on rates to N.

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November 28, 2023 Update

Freightos

Carriers have been reducing capacity through blank sailings and other measures in response. Europe capacity by 21% in November (with a 24% reduction announced so far for December), capacity still remained 11% higher than in 2019, showing that growing fleets and easing demand are combining to challenge rate increase attempts.

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April 24, 2024 Update

Freightos

America rates remain 90% higher than in 2019 to the West Coast and 60% higher to the East Coast at about $3,000/FEU and $4,300/FEU respectively, as Red Sea diversions continue to absorb capacity and make blank sailings rare even during these slow-season months. Likewise, Asia – N. America and $3.55/kg kg to Europe last week.

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December 13, 2023 Update

Freightos

Rates maintaining or exceeding their recent gains would likely be a function of stricter capacity reductions aimed at getting prices up during long-term contract negotiations, though there are also signs that demand will start to improve ahead of Lunar New Year. Some increase in transatlantic demand has pushed rates up to $2.16/kg

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Top 20 Verified Supply Chain Experts You Can Hire

SCMDOJO

Muddassir offer are as follows: Digital Transformation Inventory Optimization Analysis Advisory and Coaching for Supply Chain Software companies & Professionals Guide: Dr. Muddassir as the supply chain specialist has created 7 e-Books for the SCMDOJO Academy with his extensive knowledge and experience in the field. With a Ph.D.

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Scientists Recognized for Quantum Computing Work

Enterra Insights

Unlike methods commonly used in e-commerce, it cannot be broken even by an eavesdropper with unlimited computing power. Unable to publish many of his heady theoretical ideas and drawn to religion, Wiesner, who died last year, largely quit academia to become a construction worker in Israel.

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