Freight Market Update: April 4, 2024
Red Sea diversions via the Cape of Good Hope keep disrupting Asia-Europe schedules as carriers implement GRIs to halt a nine-week rate decline.
The latest on disruptions, rates, and market shifts
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Freight Market Update: March 28, 2024
Asia-Europe carriers keep rerouting via the Cape of Good Hope after another Red Sea tanker attack, as Ocean Alliance restructures all Asia-to-North Europe loops.
Freight Market Update: March 21, 2024
Dubai-Europe air cargo tonnage surged 205% year-on-year as Red Sea disruptions pushed Asia-Europe sea-air demand through hubs like Dubai and Bangkok.
Freight Market Update: March 7, 2024
Red Sea disruptions drive surging Asia-Europe sea-air demand, more than doubling Dubai-Europe air cargo volumes following the Lunar New Year dip in March 2024.
Freight Market Update: February 29, 2024
Red Sea disruptions surge sea-air volumes through Dubai, Colombo, and Bangkok, lifting air tonnages to Europe by up to 71% in early 2024.
Freight Market Update: February 14, 2024
Transatlantic westbound rates jump $500/TEU as Red Sea surcharges take hold, with further increases expected in March amid tight equipment across Europe.
Freight Market Update: February 7, 2024
Global air cargo capacity rises 10% over 2019 as Red Sea crisis and Lunar New Year lift transpacific and Asia-Europe air yields into late January.
Freight Market Update: February 1, 2024
Red Sea disruptions push Asia-Europe cargo from sea to air as global air demand jumps and ocean spot rates triple in early February 2024.