Global Aperture After three years of supply chain disruptions from the global pandemic, the Federal Reserve Bank of New York’s Global Supply Chain Pressure Index has indicated that conditions in the global supply chain have returned to normal, citing numerous downward…
Global Aperture As global container volumes continue to fall with the week of February 27 showing the largest decline since early December, analysts are observing rising Intra-Asia trade due to China’s reopening efforts and a high number of available empty containers at…
Global Aperture As demand continues to slump amid declining volumes, containership lay-ups are on the rise with ocean carriers electing to idle nearly 50 ships across their networks during the month of January. The US lawmakers responsible for 2022’s Ocean Shipping Reform…
Global Aperture New reports from the International Air Transport Association predict a volume drop of 5.6% below 2019 levels for air cargo in 2023, largely caused by low demand from China as companies diversify manufacturers and transatlantic tradelanes become stronger. Rising geopolitical…
Global Aperture The World Cargo Summit convened in Abu Dhabi on January 30 and February 1 addressing topics like Sustainable Aviation Fuels, freighter resurgence, and terminal operation efficiency, with World Trade Organization economists emphasizing the need for diversification of supply chains during this period of…
Global Aperture Global freight deployment is shifting as carriers pull capacity from Chinese export routes for use in stronger lanes, with the largest boosts in India and the Middle East which saw gains of more than 320,000 TEU. Air cargo, currently…
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…
