The UK government is backing key port expansion efforts to drive job growth and economic gains, supported by strong long-term trade forecasts. New amendments to the National Policy Statement for Ports have been proposed to expedite planning approvals and reduce costs for port operators. These changes are aimed at enabling ports to proceed confidently with
As the July 9 tariff pause approaches in the U.S., demand for airfreight out of Asia is rising sharply, even as ocean freight volumes fall. Freight forwarders have reported a surge in bookings from markets like Taiwan and Southeast Asia, where capacity is tightening. Forwarders are reporting a spike in bookings from these regions, driven
Insights from Diane Kaiser, Shipco’s General Manager, USA Sales In freight forwarding, most problems do not arise from major events but rather from minor issues, such as missed updates, slow responses, and a lack of clarity when delays occur. Over time, these gaps erode trust. At Shipco, the focus on customer experience is centered around
Airfreight capacity across the Middle East has declined sharply since the Israel-Iran conflict began, leading to a global reduction in available space. According to data provider Rotate’s database, widebody capacity for both belly and freighter has fallen by 100% in Iran and Syria. Iraq is down by -84%, Israel by -78%, Jordan by -43%, and
In an industry increasingly driven by technology, Shipco Transport is firmly standing by its people-first philosophy. “For Shipco, our motto is ‘Freight is a people business’”, states Group CEO, Christian Mogelvang. “A people-first approach is key to how we operate.” As an NVOCC, Shipco is an asset-light organization by design, explains Global COO – Commercial,
Choosing to grow organically is a strategic choice rooted in the understanding of what truly matters to our clients and our organization, says Christian Mogelvang, Shipco’s Group CEO. He describes how the organization’s commitment to being a reliable partner aligns with a prioritization of high service standards and a forward-thinking mindset. “At Shipco, we are deliberately
The intra-Asia shipping market is experiencing a vessel shortage with smaller container ships being reassigned to more profitable long-haul routes. Consequently, it has increased freight rates significantly. Data from the Shanghai Containerized Freight Index shows that Shanghai-Southeast Asia rates have increased from $756 per TEU on July 12. According to the Korea Ocean Business Corp’s
Meteorologists say climate patterns associated with La Niña could come about as early as next month. This will affect global shipping and trade patterns into early 2025. Forecasts predict a 70% chance it will start between August and October, with a 79% probability to last into early 2025. La Niña is characterized by the cooling
According to Linerlytica, freight rates may have peaked and are leveling off. The company said new shipping capacity into the U.S. West Coast, North Europe, South America, and the Middle East has reduced pressures on these routes. Meanwhile, Linerlytica projects freight rates will stay high until the peak season ends in September. According to Linerlytica,
Independent container shipping services are gaining more market share on major East-West routes. Over the next three months, about a third of Trans-Pacific trade services offered will be outside of vessel-sharing agreements (VSAs), Sea-Intelligence said. Alan Murphy, Sea-Intelligence’s CEO, said that on the Asia-North America West Coast trade lane, nearly 30% of shipping capacity will