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Freight rates from Shanghai to Genoa zoomed 21% to $4,399/FEU and from Shanghai to Rotterdam surged 16% to $3,954/FEU.

U.S. Presidential elections on November 5, 2024 could have significant implications for global trade and supply chains.

Maersk says surcharges are being reviewed regularly in the ever-evolving environment.

"It is also a case that the lower end of spot market will eventually increase as an overall market spike progresses."

On the Asia-North Europe route, blanked capacity is likely to be 5.9% for the coming 11 weeks

Capacity is expected to exceed 30 million TEU at the end of third quarter and hit 30.5 million by the end of 2024

Largest decrease in June was on Asia↔North Europe of 7.3 percentage points to 34.9%

Strike threats at U.S. East and Gulf Coast ports may see importers accelerate efforts to protect ocean supply chains

With capacity stable, load factor from India to Europe climbed to 87% in week to March 24 - highest since April 2022

Air-sea solution three times faster than sea freight and 50% cheaper than air freight for same routes

Spanning an area of 2.7 million square feet, with the first phase encompassing 1.3 million square feet, Bharat Mart is poised to become a mega...

Spot rates from Far East into the U.S. have softened since last round of GRIs were implemented at the start of February