CMA CGM is implementing a Peak Season Surcharge (PSS) for shipments traveling from Asia to La Reunion. This applies to cargo originating in China, Taiwan, Hong Kong & Macau SAR, Southeast Asia, South Korea, and Japan. Key Points: Affected Routes: Asia (China, Taiwan, Hong Kong & Macau SAR, Southeast Asia, South Korea, Japan) to La […]
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Strong Demand and Capacity Shortages Drive Rates Up Liner operators are reporting their strongest operating margins since 2010, excluding the COVID-19 boom, according to a recent report by Alphaliner. This surge is attributed to a combination of high demand and capacity limitations caused by Red Sea diversions. Average Margins Bounce Back The average operating margin […]
Strong Export Growth Continues Vietnam’s exports maintained their impressive growth trajectory in the first half of May 2024, reaching US$14.64 billion. This marks a 16% increase compared to the same period in 2023. Key Export Sectors Four product groups accounted for over US$1 billion in exports during this period: Computers, electronic products, and components Telephones […]
Shipping routes between Asia and the Mediterranean (Asia-MED) are experiencing significantly longer transit times due to the Red Sea crisis. Impact: Ships are being forced to take a longer route around the Cape of Good Hope, leading to an average increase of 39% in minimum transit times. This data is based on a comparison between […]
Maersk Air Cargo, the airfreight arm of Danish shipping giant A.P. Moller-Maersk, is bucking the industry trend by aggressively expanding its operations in 2024. While many competitors are pulling back due to a recent downturn, Maersk is forging ahead with new facilities, routes, and most notably, the upcoming arrival of its first two Boeing 777 […]
Container shipping rates have seen a dramatic increase since May 2nd, 2024, following a period of decline. This surge is attributed to several factors: Congestion in Asian ports High import demand in the US Reduced capacity on Asia-Europe routes Geopolitical tensions in the Red Sea These factors caused a 28.8% increase in rates over just […]
