Australia has added stricter security regulations for air cargo originating from Europe and CIS countries. Starting September 26, cargo on passenger planes to Australia is required to only be tendered from shippers with an Established Business Relationship (EBR) with forwarders. Forwarders have voiced their concerns in meeting the new special security directions. The changes will
Thirty-six major U.S. ports are at risk of a standstill from the impending strike by the International Longshoreman Association (ILA). The ILA represents 85,000 workers across the East and Gulf Coasts of the U.S., and the current contract expires on September 30, 2024. Kim Ekstroem, Shipco’s Global COO – Air, discusses the potential fall out
HSBC predicts that if dockworkers on the U.S. East and Gulf Coast strike on October 1, it could impact 15% or 4.6 million TEUs of the global container fleet and 54% of U.S. container imports. The International Longshoremen’s Association (ILA) plans to strike unless a new agreement is reached with the U.S. Maritime Alliance (USMX)
Several ports along the U.S. East and Gulf coasts have announced contingency plans in response to a potential dockworker strike starting October 1, 2024. The International Longshoremen’s Association (ILA) has stated it will not extend its current contract with the United States Maritime Alliance (USMX) after it expires on September 30. The Georgia Ports Authority
Container News conducted a study on the rise of new shipping services and alliances, focusing on ports in Southeast Asia and Africa. The study focused on countries drawing major investments and poised to become key trade hubs as global maritime competition intensifies. Key ports evaluated included Haiphong and Ho Chi Minh, Vietnam; Laem Chabang, Thailand;
Portugal’s port of Sines, Spain’s ports of Valencia and Barcelona, France’s HAROPA complex, Germany’s Bremerhaven port, Italy’s port of Gioia Tauro, and Poland’s port of Gdansk achieved significant year-on-year container volume increase in the first half of 2024, according to PortEconomics. This growth contrasts with the general decline in port traffic seen in 2023 said
Global shipping lines announced major changes ahead of February’s alliance reshuffling. Hapag-Lloyd’s exit from THE Alliance has brought about the formation of the ‘Premier Alliance’, partnering Ocean Network Express (ONE), HMM, and Yang Ming. Leaving its 2M agreement with Maersk, MSC will largely operate standalone services. The carrier plans to run five East-West trades with
As a potential dockworker strike on October 1 looms for major U.S. East and Gulf Coast ports, shippers and forwarders are exploring alternative routes and preparing contingencies to minimize supply chain disruptions. Planning ahead is a crucial step to mitigating the potential impact. The Impact • Work stoppages: Key East Coast and Gulf Coast ports,
A robust Q3, 2024 for air freight leads to high hopes for continued strong performance in Q4. Global cargo demand continued its double-digit growth, rising 11% in August. Lufthansa Cargo noted unusually high freight rates for this time of year, driven by supply and demand pressures, including geopolitical factors. Xeneta’s Chief Airfreight Officer, Niall van
Ocean freight rates from Asia-Europe, which saw an early peak season starting in April, are now falling as European import demand decreases. Asia-North Europe rates have dropped by $2,700 per FEU since July, although they remain four times higher than last year. Asia-Mediterranean rates have also fallen steeply. A global freight forwarder noted the pulling
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