Market News

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 [...]

Marseille-based CMA CGM and German ocean carrier Hapag-Lloyd have implemented Peak Season Surcharges (PSS) for shipments from Asia to various destinations in Africa and Mauritius. These surcharges will be in effect from mid-May onwards. Key Points: CMA CGM PSS: Applies to dry cargo shipments from China, Southeast Asia, Northeast Asia, and East Coast India (listed [...]

Marseille-based CMA CGM and German ocean carrier Hapag-Lloyd have implemented Peak Season Surcharges (PSS) for shipments from Asia to various destinations in Africa and Mauritius. These surcharges will be in effect from mid-May onwards. Key Points: CMA CGM PSS: Applies to dry cargo shipments from China, Southeast Asia, Northeast Asia, and East Coast India (listed [...]

Houthi rebels launched a long-range drone attack on the MSC Orion, a 15,000 TEU container ship operated by MSC, in the Indian Ocean on April 26th. This incident highlights the growing threat to maritime security in the region. Key Points: Attack on MSC Orion: The vessel, route from Portugal to Oman, was targeted by Houthis [...]

Houthi rebels launched a long-range drone attack on the MSC Orion, a 15,000 TEU container ship operated by MSC, in the Indian Ocean on April 26th. This incident highlights the growing threat to maritime security in the region. Key Points: Attack on MSC Orion: The vessel, route from Portugal to Oman, was targeted by Houthis [...]

Hapag-Lloyd, the world’s first shipping line to offer fleet-wide dry container tracking, has unveiled its “Live Position” product. This innovative solution provides customers with unprecedented visibility into their shipments, from origin to destination. Key benefits of Hapag-Lloyd Live Position: Real-time tracking: Gain complete transparency over your dry cargo shipments throughout their entire journey. Improved decision-making: [...]