Arrival of new box ships and fewer blank sailings should ease port congestion
Port congestion should ease as new vessel capacity comes in and Red Sea diversions become ...
AMZN: APPEAL UPDATEDSV: PRESSURE BUILDS AAPL: OPENAI FUNDING INTERESTCHRW: ANOTHER INSIDER CASHES INHLAG: GRI DISCLOSUREMAERSK: HOVERING AROUND FOUR-MONTH LOWSTSLA: CHINA COMPETITIONDHL: BOLT-ON DEAL TALKAMZN: NEW ZEALAND PROJECTDHL: SURCHARGE RISKKNIN: LEGAL RISKF: 'DEI' HURDLESPLD: RATING UPDATEXOM: DISPOSALS
AMZN: APPEAL UPDATEDSV: PRESSURE BUILDS AAPL: OPENAI FUNDING INTERESTCHRW: ANOTHER INSIDER CASHES INHLAG: GRI DISCLOSUREMAERSK: HOVERING AROUND FOUR-MONTH LOWSTSLA: CHINA COMPETITIONDHL: BOLT-ON DEAL TALKAMZN: NEW ZEALAND PROJECTDHL: SURCHARGE RISKKNIN: LEGAL RISKF: 'DEI' HURDLESPLD: RATING UPDATEXOM: DISPOSALS
Drewry’s monthly chart of misery – for air cargo – shows that air freight rates (on key east-west lanes) dropped to another record low in June, at under $2.90 per kg. And there is little hope of change in the near future. Drewry’s Sea & Air Shipper Insight states: “Whereas the eastbound transpacific has taken the brunt of pricing falls in recent months, June’s decline affected all the main east-west trades in broadly equal measure. Weak cargo growth coupled with rising capacity has further weakened the market, the latter fuelled by booming passenger demand which added more unwanted bellyhold space. Drewry expects air freight pricing to remain weak over the next few months, as carriers release additional passenger capacity.”
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