Thai Exporters Face $600 Million in Added Costs as Port Congestion Worsens
Thai exporters and importers risk more than $600 million in added annual logistics costs as congestion worsens at the country’s main deep-sea port, driven by a surge in shipments ahead of potential steep U.S. tariffs.
Global Disruptions Drive Containership Fleet to Near Full Capacity, Alphaliner Says
The global container shipping industry is experiencing unprecedented levels of fleet utilization, with commercial idle capacity hitting a remarkable low of just 0.6% of the world’s 32.0 Mteu fleet, according to Alphaliner. This development comes amid a complex interplay of geopolitical tensions and supply chain disruptions affecting maritime trade.
Shipowners Warned to Avoid Red Sea and Strait of Hormuz amid Israel-Iran Conflict
After Israel launched large-scale attacks on Iran on June 13, tensions in the Middle East have led to major concerns for global shipping.
Air Cargo Forwarders Weigh Risks, Airlines Report Block Space Uptick
Airlines have reported a renewed interest in block space agreements (BSAs) as forwarders prepare for a potential spike in airfreight rates later this year. While some in the industry remain cautious due to ongoing trade uncertainties, others are locking in rates now as a measure of security against price surges down the line.
China-ESCA Trade Faces Multi-Front Strain
Shippers moving cargo from Asia to the East Coast of South America (ECSA) are facing significant peak season disruptions, as container spot rates have nearly doubled in recent weeks. The sharp rise in rates is being driven by port congestion, equipment shortages, blank sailings, and carriers reallocating vessels to the Asia-U.S. trade. Ports in Brazil—Santos, […]
Canada’s West Coast Ports Avoid Further Disruption with New Contract through 2027
Labor tensions at Canada’s West Coast ports have eased following a new agreement between port employer, the British Columbia Maritime Employers Association (BCMEA), and ILWU Local 514, the union representing longshore foremen.
Ramp up of Trans-Pacific Capacity Amid Climbing Freight Rates
In response to increased demand and rising freight rates from Asia to the U.S., ocean carriers are reintroducing capacity on the Far East to North American trades. This move reflects growing confidence in the strength of Trans-Pacific demand.
Global Trade Disruptions Push Businesses Toward Dual-sourcing Models
Shippers are turning to dual-sourcing as a long-term strategy to navigate ongoing trade policy uncertainties. In just a 24-hour period, U.S. tariff policies have been reversed and then reinstated, highlighting the unpredictability of the global trade environment.
Europe’s Shipping Bottlenecks Expected to Persist Into July
Port congestion is worsening at key gateways in northern Europe and other hubs, according to a new report which suggests trade wars could spread maritime disruptions to Asia and the U.S. and push up shipping rates.
Report Forecasts 60% Surge in Ship Traffic on Canada’s West Coast by 2040
Clear Seas has unveiled its latest report, Vessel Traffic Forecast to 2040 for Canada’s Pacific Region, a study that offers a comprehensive picture of how ship traffic is expected to evolve along Canada’s West Coast.
