Freightos
APRIL 23, 2024
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.
Freightos
DECEMBER 6, 2023
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.
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Freightos
NOVEMBER 28, 2023
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.
Freightos
APRIL 16, 2024
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. Alongside the ongoing, Iran-sponsored, attacks on Red Sea traffic, this event poses yet another potential challenge to the container industry.
Freightos
DECEMBER 13, 2023
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.
ThroughPut
MAY 9, 2023
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o9 Solutions
DECEMBER 3, 2021
So we had to come up with a calibrated response, to ensure we could respond, cut down on production, save on the working capital side, but still keep a certain amount of capacity going to supply those people who need it. In Israel [an idea] we borrowed from the army is to validate quick decisions. We are looking for a control tower.
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