Here is the latest new impacting global shipping right now:
European air cargo woes continue and aren’t expected to get much better this year. A few data points include Frankfurt Germany, which suffered a 13.3% drop in comparison to 2021 and a 5.6% drop when compared to 2019. Liege, Belgium, is also reporting a significant drop of 19.3%, while Schiphol, Amsterdam faced a 14% year-on-year drop — which is nothing when compared to the 30% drop on cargo-only flights when compared with 2019.
Click to Read: https://theloadstar.com/2022-a-poor-year-for-europes-airports-and-worse-may-be-to-come/
Here’s a wake-up call for the industry. Just a few short years ago, the three big alliances controlled nearly 90% of all trans-Pacific capacity. One of those alliances, 2M, which includes Maersk and Mediterranean Shipping Co (MSC), recently announced that they will be terminating their alliance effective January 2025.
Subsequent to that announcement, carriers are now urged to remain alert and closely examine any new threats and opportunities that may arise on the horizon. Their survival may depend on it.
Click to Read: https://splash247.com/liner-alliances-up-in-the-air-as-msc-and-maersk-give-separation-notice/
The ongoing problems at US West Coast ports have led to a shift in port activity — a significant shift. Whereas West Coast ports used to be favored by shippers, labor issues have changed their perception and driven them to switch routes to the East Coast.
Double-digit growth in imports from Europe, which has hiked spot rates to about triple what they were before the pandemic, has West Coast ports rocking.
Click to Read: https://www.freightwaves.com/news/good-times-still-rollin-for-shipping-lines-in-trans-atlantic-trade
China seems to be experiencing a rebound in trade. New data from Container xChange shows there’s been a shift in the number of inbound versus outbound containers. For the first time in three years, Chinese ports are more congested than they’ve been, which indicates an increased number of inbound containers and a decrease in outbound. This may be a sign of recovering demand.
New data from the air cargo sector provides a sign that things are almost back to pre-pandemic levels. Demand is now hovering around what it was in 2019, before the pandemic. The International Air Transport Association (IATA) says the “good news for air cargo is that average yields and total revenue for 2023 should remain well above what they were pre-pandemic.”
Click to Read: https://aviationsourcenews.com/analysis/air-cargo-closes-2022-near-pre-pandemic-levels/
