Market News

Maersk has implemented new peak season surcharges for shipments from Far East Asia to various destinations. This update is crucial for businesses planning imports and exports during this busy period. Here’s a breakdown: To East Coast South America: Origin Destination Effective Date 20′ Dry (USD) 40’/45′ Dry (USD) 20’/40′ Reefer (USD) Vietnam, Brunei, China, Hong [...]

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 [...]

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 [...]

Hapag-Lloyd and IKEA Supply Chain Operations join forces to decarbonize container shipments from Asia, marking a significant step towards a greener maritime industry. Reduced Emissions with Biofuel: From March 2024 to February 2025, IKEA will leverage Hapag-Lloyd’s Ship Green 100 product, utilizing waste-based biofuels to significantly cut CO2 emissions by an estimated 100,000 tonnes. Shared [...]

Hapag-Lloyd and IKEA Supply Chain Operations join forces to decarbonize container shipments from Asia, marking a significant step towards a greener maritime industry. Reduced Emissions with Biofuel: From March 2024 to February 2025, IKEA will leverage Hapag-Lloyd’s Ship Green 100 product, utilizing waste-based biofuels to significantly cut CO2 emissions by an estimated 100,000 tonnes. Shared [...]

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 [...]