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Anticipation of higher tariffs may lead importers to pull forward shipments, creating a preemptive freight frenzy.

"Now is not the time for carriers to refuse to negotiate a fair wage for workers while raking in record profits."

Acquisition pairs Freightos’s spot offering with Shipsta’s best-of-breed tender management platform.

Demand for ocean freight out of Asia picked up early in May, reflecting possible start of restocking in Europe

Drewry World Container Index (WCI) declined four percent to $3,824 per 40ft container to the week of February 1, 2024

About 48% expect to increase shipments in weeks ahead of Lunar New Year, suggesting re-stocking has already begun

Freight rates nearly double but carriers have capacity to address diversions & longer voyages compared to pandemic yrs

U.S. Navy shot down one drone, one anti-ship missile on Dec 28; MSC, Hapag continue to divert ships

MSC introduces a new acronym - contingency adjustment charge (CAC), Maersk, CMA CGM announce diversions

~920,000 TEUs have diverted south of Africa & another ~1,002,000 are delayed in Suez area: Anders Schulze, Flexport

Major carriers continue to accept bookings in Israel even as the Israel-Palestine war enters its second week

Carriers adopt slow steaming to manage tonnage; cost of moving empty containers, especially to Asia, remains significant