Land, Sea and Air shipping / transportation news to, from, and around Europe.
Global Aperture As the economic outlook leading up to the holiday had suggested, Lunar New Year did not bring with it enough consumer spending to prevent the announcement of more blank sailings. China’s rising Covid cases, a major factor in these…
Global Aperture Where last year, sailings were blanked due to capacity constraints, this year carriers are seeing the same outcome from a different source: lack of demand. Factory orders from China are down by more than 40% and ocean bookings continue to…
Global Aperture New carbon reduction guidelines from the International Maritime Organization that went into effect January 1 will force aging reefer vessels, many that played an important role over the pandemic as capacity became strained, into retirement as regulations become increasingly rigorous over the coming years. Continued decline in demand…
Global Aperture After a price cap on Russian oil was introduced by G7 Nations, the EU, and Australia in response to Russia’s military operation in Ukraine, Russia delivered a response on December 27 in the form of a decree banning…
Global Aperture In two weeks, a set of new measures will be enforced by the International Maritime Organization (IMO), requiring all ships to calculate their Energy Efficiency Existing Ship Index (EEXI) and Carbon Intensity Indicator (CII) rating. Maritime carrier alliances THE and OCEAN…
Global Aperture It’s time to move on from the farce of a “market collapse” toward a new horizon, and that usually comes with a comprehensive year-end review. After nearly three years of disruptions, industry leaders are moving on a new…
Global Aperture It’s apparently a sign of the times when the world’s largest, newest containership fails to maximize cargo load on its maiden voyage. Manufacturing demand ex-China is falling—trade analysts worry that a sustained drop may provoke factories to shutter two…
Global Aperture IATA’s data recap of October air cargo performance is attributed to euphemistic “headwinds affecting air cargo demand.” “Headaches” seems more appropriate. Trade experts allege that US consumers will “largely determine the success of the airfreight industry,” an outlook extrapolated from holiday shopping…
Global Aperture Winter holidays lift spirits, not cargo performance. Outbound air cargo performance flies lower across all regions a slight uplift of capacity. Sea freight capacity submerges deeper still as major ocean carriers plan for lower demand and announce measures to pass-through costs associated…
Global Aperture Container depots are full… of empties. 50+ blanked sailings in the final weeks of 2022 won’t make their returns any easier, and an impending G7-enforced price cap on Russian crude exports won’t help vessels move further—some may even become stranded at sea.…