Record Demands Recorded For Ocean Freight
Global demand for ocean freight container traffic reached record levels recently, even surpassing the sky-high levels that immediately followed the pandemic, according to a recent container trade statistics report. The report, based on May’s statistics, revealed that 15.94 million TEU’s was shipped globally by ocean freight in the month. This figure topped the previous record […]
Need For More Ships Is Driving The Asia Supply Crisis
The Asia ocean freight market has always fluctuated between supply and demand, but right now the routing of vessels around Africa has led to a severe lack of capacity and equipment, driven by substantial pressure on supply. Prior to the introduction of the new routings, services from Asia usually required around 12 ships to maintain […]
China Join The Calls For Houthi Attacks To Stop
China have joined in the calls for Houthi Rebels to stop their attacks on cargo ships in the Red Sea region, releasing a statement from the Chinese Ministry this week. The statement, issued after Chinese government held talks with the Yemeni foreign minister, read: “China calls for an end to harassment of civilian ships and […]
Panama Canal Shows Signs Of Recovery
The Panama Canal is finally showing signs of recovery, after a year of being impacted by severe drought that has significantly reduced its maximum number of daily vessel passages. A recent bout of rainfall, and a positive outlook ahead of the traditional rainy season, has led the Panama Canal Authority (ACP) to lift the maximum […]
Could We Be Heading For Asia Over Capacity?
Capacity management for ocean freight carriers on Asia routes is being stretched right now, as the longer transit times via The Cape Of Good Hope require more vessels. However, when the Red Sea crisis comes to an end, which it surely will, we could be set for a period of over-capacity. A recent report in […]
Global Freight strengthens global partnerships
Building collaborative partnerships with external organisations is fundamental to business success. They enable your business to harness the strengths and skills of others to improve outcomes for both you and your clients. It’s something we’ve always been heavily invested in at Global Freight Services and we’re really proud to be part of two worldwide networks […]
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