Current News

Forwarding set for sharp uptick in volumes in 2021

Following a year in which forwarding volumes tumbled, the market is expected to see strong real growth in 2021. Ti projects the market will grow by 11.6% in real terms (holding prices and exchanges rates constant).

Clean Air Zones

Update on Clean Air Zones from the Department for Environment, Food and Rural Affairs (DEFRA).

Over half of container bookings rolled at some ports

Endemic congestion and lack of capacity is leaving cargos waiting for shipment

Shippers face high air cargo rates for some time yet

Analyst indicates there is likely to be a continued capacity shortage for 12 to 18 months, keeping prices high

New guidance published to prevent use of vehicles as weapons in terror attacks

Robust new security measures introduced to prevent criminals and terrorists from accessing commercial vehicles.

World Container Index - 06 May

Drewry’s composite World Container index increased 9.8% or $489 to $5,472.33 per 40ft container.

Global e-Commerce jumps to $26.7 trillion

The dramatic rise in e-commerce amid movement restrictions induced by COVID-19 increased online retail sales’ share of total retail sales from 16% to 19% in 2020, according to estimates in an UNCTAD report, published on 3 May.

Egyptian court blocks Ever Given’s departure

An Egyptian court ruled yesterday that the 20,388 teu Ever Given containership which blocked the Suez Canal in March will continue to be held in the waterway, rejecting an appeal by its Japanese owner, Shoei Kisen Kaisha, against its detention.

International convention versus trading conditions

International conventions that may override standard trading conditions.

Air cargo demand reaches all time high in March, up 4.4% compared to pre-COVID levels

The International Air Transport Association (IATA) released March 2021 data for global air cargo markets showing that air cargo demand continued to outperform pre-COVID levels (March 2019) with demand up 4.4%. March demand reached the highest level recorded since the series began in 1990. Month-on-month demand also increased albeit at a slower pace than the previous month with volumes up 0.4% in March over February 2021 levels.