AJOT | January 19, 2023 | Maritime | Liner Shipping
With the weak pound providing opportunities for UK exporters currently, Davies Turner is delivering a further boost to its ocean freight services between the UK and the Indian sub-continent with the launch of a direct weekly LCL service to Nhava Sheva.
AJOT | January 19, 2023 | Air Cargo | Freighters | Maritime | Liner Shipping
1 Transpacific ocean rates have been stable for more than a month, falling below 2019 levels in the last couple weeks with the absence of the typical mini-demand surge ahead of Lunar New Year.
2 Despite falling demand and an 80% drop compared to a year ago, Asia to N. Europe rates remain above 2019 levels.
3 As congestion eases Freightos.com China - US ocean transit time data show average duration in December was 35% lower than a year ago, though some lingering East Coast and Gulf congestion is keeping transit times 20% higher than in 2019.
4 Freightos Air Index rates ex-China to N. America and Europe are more than 30% lower than a year ago when demand was surging. Despite these price declines, fuel and labor costs are keeping air cargo rates more than double 2019 levels.
The hopeful projections for recovery in cargo volumes in 2023 may be overshadowed by the more pessimistic projection of delayed recovery which may only manifest itself in 2024, according to Lars Jensen, Principal at Vespucci Maritime based in Copenhagen, Denmark.
GEODIS has signed a partnership agreement with Zéphyr & Borée, a French start-up pioneer in low-carbon maritime transport specializing in the design of sail-powered cargo ships. This technological innovation will contribute to the reduction of emissions in the maritime transport of goods.
AJOT | January 17, 2023 | Maritime | Breakbulk News
Global Shipping Business Network (GSBN), announced that COSCO Shipping Specialized Carriers has joined the consortium as a member and successfully issued the first electronic bill of lading (eBL) for bulk cargo.