Market Analysis

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 [...]

Record Deliveries Push Fleet Growth Despite Recycling The global container ship industry is experiencing a boom in capacity, with 2023 deliveries shattering records and 2024 on track to follow suit. This growth, however, raises concerns about potential oversupply in the coming years. 2023 Deliveries: A staggering 2.3 million TEU (twenty-foot equivalent unit) of container ship [...]

The air cargo market has experienced a surprisingly strong start in 2024, with demand exceeding expectations and creating a positive outlook for the short term. This growth is attributed to several key factors: E-commerce surge: The ongoing e-commerce boom is driving significant air cargo volumes, particularly from Asia. This surge has largely offset any decline [...]

US Market Explodes with Highest Growth on Record: Exports to the US reached $25.77 billion, up 24.2% (or $5.02 billion) from the same period last year. This is the highest growth rate and contributes the most to Vietnam’s overall export growth. EU and China Remain Crucial Players: Exports to the EU hit $12.2 billion, surging [...]

Ho Chi Minh City (HCMC) maintains its dominance as Vietnam’s top exporter, achieving a record-breaking USD 11.1 billion in export turnover for Q1 2024. This impressive 18% year-on-year increase (USD 1.7 billion) solidifies HCMC’s position as a major player in global trade. Nationally, Vietnam’s export sector is experiencing a boom. A significant highlight is that [...]

Global air freight rates are soaring, with a surprise surge of over 2% witnessed in the first week of April. This follows a year-on-year increase of 41% compared to pre-pandemic levels in April 2019. The trend is being driven by a confluence of factors, according to industry experts. Key Drivers of Air Freight Rate Increase: [...]