News
U.S. dockworker strike threatens to push air freight prices even higher ahead of peak season
As a potential East Coast dockworkers’ strike looms in October, shippers turning to air freight to stock holiday inventory face surging prices and capacity shortages. September 17, 2024 Air cargo markets are expected to overheat during the upcoming fourth-quarter peak season, with rising prices and limited capacity now almost...
“No plan B” for global shipping if U.S. dockworkers strike, says Hapag-Lloyd executive
With contract negotiations at a stalemate, the possibility of a U.S. East Coast dockworkers’ strike threatens to paralyze global container shipping, impacting millions of TEUs and leaving terminals idle. September 5, 2024 Global container shipping markets could face a significant shock, one that they are ill-prepared to handle, if...
Even Suez Canal restart is no silver bullet for container shipping turbulence, warns Lars Jensen
August 8, 2024 Shippers should anticipate continued volatility in container shipping freight markets through 2025, with even the re-start of operations through the Suez Canal not guaranteeing immediate respite from disruptions and soaring freight rates, according to Lars Jensen, CEO of Vespucci Maritime. The renowned container shipping analyst and...
Higher tariffs to harm US consumers and exporters; economic decoupling from China unlikely, experts reveal
US economic decoupling from China unlikely without military conflict; increased tariffs predicted to severely harm US economy and exporters, say experts on The Freight Buyers’ Club. Jess Dankert, VP for Supply Chain at the Retail Industry Leaders Association, calls for smart trade policies instead of higher tariffs; Professor Jason...
E-retailer demand surge to drive extended boom in trans-Pacific air freight market
• Air cargo demand will enjoy a sustained boost as Chinese e-retailers such as Temu and Shein attempt to establish sizeable market share in the US. • However, following a strategy previously trailblazed by Amazon, more sustainable ocean-based supply chains will eventually emerge, Dimerco Express Group’s Kathy Liu tells...
Shipping analyst: Red Sea crisis is preventing a freight rate and liner profit collapse
A reopening of the Suez Canal for container ship transits would see vessel oversupply swamp the market, Hua Joo Tan, Founder of LINERLYTICA, tells the latest episode of The Freight Buyers’ Club podcast. However, he deems this scenario unlikely, and expects rates to strengthen in the coming weeks. April...
Strikes ahead: Preparing your supply chain for U.S. port shutdowns