Economy

  • Shock for container lines as contract rates start to fall again

    May 3, 2019 — In a significant setback for carriers hoping to improve profitability, ocean freight benchmarking platform Xeneta reported that long-term container contract rates had fallen by an average of 4.2% in April.
  • Soft air freight market and volatile rates an opportunity to review capacity buying

    May 3, 2019 — The air cargo market is soft, with few signs of strength – but it could be an opportunity to change the way capacity is bought, according to some analysts. Released today, Air France-KLM Cargo’s first-quarter results show negative trends, with unit revenues down 4% at constant currency.
  • Loss-making Samudera warns of headwinds for container shipping

    May 1, 2019 — “The container shipping industry is expected to continue to face headwinds in the year ahead, ranging from rising bunker costs, to cost pressures associated with IMO’s low sulphur fuel regulations,” Samudera stated in its first quarter results announcement.
  • Shipping Data Shows Weakness in Global Economy

    Apr 3, 2019 — The volume of U.S. ocean cargo imports arranged by Deutsche Post’s DHL Group, United Parcel Service Inc, FedEx Corp and other freight forwarders fell sharply in February, sending a warning on global trade, a key barometer for the world economy.