Market Analysis

Spot rates surge: Despite a recent dip in tonnages from Asia Pacific, global air cargo spot rates have reached their highest levels this year. Vietnam emerges as a hotspot: Carriers are increasing capacity to meet booming demand for ecommerce exports from Vietnam. Rates on the rise: Air freight rates from Vietnam to North America and [...]

South Korea’s container trade with its Asian neighbors continued its upward trajectory in August, reaching the second-highest monthly volume on record. The country exchanged a total of 367,000 TEUs (Twenty-Foot Equivalent Units) of containers with eight other Asian economies, marking a 12% year-over-year increase. Exports and Imports on the Rise Exports accounted for 161,300 TEUs, [...]

A major port strike on the US east and Gulf coasts is entering its third day, threatening to disrupt global container shipping. Supply chain analysts are warning of severe congestion and capacity shortages if the strike continues. Sea-Intelligence Consulting has issued a dire forecast, predicting that the first week of the strike alone could result [...]

The ongoing conflict in Gaza has had a profound impact on global trade, particularly for reefer cargo destined for the Middle East. As a result of the closure of the Red Sea and Suez Canal route, carriers have been forced to take a longer, more circuitous route via the Cape of Good Hope. This diversion [...]

Key Points: Spot rates on major east-west trade routes have continued to fall this week, though the decline has slowed. Asia-North Europe trade saw the largest decrease, with rates dropping 9% week-over-week.    Long-term contract rates have shown more volatility than expected, especially on the Vietnam-Rotterdam trade. Transatlantic rates have remained firm due to the [...]

Vietnam’s economy continues to thrive as evidenced by a remarkable surge in import-export activities during July. Preliminary data from the General Department of Customs revealed a total turnover of a staggering $70.11 billion, marking a substantial 9.4% increase compared to the previous month. This unprecedented figure represents a significant milestone for the country, surpassing the [...]