Hong Kong port handled 1.48M TEU in June, down 3.1% YoY, however, in the first half of the year, total volume 8.7M TEU, up 1.3% YoY. FAA “preighter” exemption due to end last week has been extended. Get a full understanding of the Ocean Freight market situation as capacity constraints and equipment shortages drive freight rates to a historically high level. DHL Ocean Freight Market Update - May 2021 Find out the latest developments of the global ocean freight market in this monthly analysis by DHL Global Forwarding. MSC has been the fastest growing operator this year in terms of actual slots as the carrier took delivery of two more 23,656 TEU ships. Diesel costs continue to rise, last week ticking up to $3.331 per gallon, up another $0.03 week over week, up 2% month over month, up 23%year to date, and now up 37% year over year. by Editor. Carriers releasing bookings against “Sea Priority/Shipping Guarantee” on most lanes. The Alliance has announced 11 cancellations over the next four weeks, followed by 2M and Ocean Alliance, each with five cancellations. Ocean Freight Update Asia to North America . N. American auto argument unresolved. Purchasing manager indices from IHS Markit showed mixed economic conditions globally. The Midwest and East Coast have the most restrictive capacity from WC gates, whereas the Midwest and East Coast have plenty. Ocean. Sign up for a Flexport account or ask to see our platform in action. Welcome to the Zencargo weekly freight market update - the latest news from our freight and procurement teams on the real experience of shippers. Jul 21, 2021 4:25:02 PM. Found inside – Page 35Similarly, the y/y soybean curve between November 2020 and November 2021 inverted from a small carry to USD 40 ... OCEAN FREIGHT MARKET (MAY 2020. NOVEMBER ... Global air cargo markets showed a 9.9 percent improvement on pre-Covid-19 performance (June 2019). Freight Market Explainer Japan showed a modest decline. Vessel delays continue to lead to port congestions and tight equipment situation. These market conditions are expected to continue through and beyond the end of 2021. Trains between Kamloops and Lytton, BC are currently closed until further notice. Schneider publishes this regular transportation market update to keep you informed of freight market conditions, supply and demand influencers, and disruptions that may impact your supply chain. The cargo for export isn’t able to be tendered, before the actual flight departure, earlier than at least two days. Capacity is almost fully deployed so rates and transit times will continue to increase. AIR FREIGHT UPDATES. According to the information reported by the Loadstar, air cargo volumes were up month-on-month in July, while freight rates were down, but the continuing capacity crunch means the market is anything but "normal". May 2021 updates. There is an increase in jet fuel price this weak, and the carriers are increasing the fuel surcharge as of 1st July. Source, Effective 15th to 31st August 2021, Bill of Lading date, CMA CGM comes up with GRR(General Rate Restoration) Quantum $ 1000 per Unit. OVERVIEW: Monthly Shipments Continue at 125% of Prior Year. [Source], South Korea reports highest daily increase in COVID-19 cases on Jul 21 [Source], Japan Japan's exports jump on solid U.S., China demand. August 10, 2021. Local Rates – Prices are increasing on general trends. They are experiencing a backlog of two to five days as the breakdown of import freight. Found inside – Page 46The provision did not appear in any bill prior to July 31 , 1958 , when H. R. ... for careful study of the effect it may have upon the shipping industry . This month, we share the latest market trend before highlighting the issues and challenges we face, and we . Transport Update 7th July 2021. Read September's logistics & supply chain updates. We expect strong export demand from Asia to continue in Q3 and ocean space is projected to be tight. . Rates: Both General Rate Increases (GRI) and Peak Season Surcharges announced for July 1. Trade with the US also fell by 6.5% over the same period. [Source], UK Driver shortage is causing delays and extra costs for business [Source]. Destination free time reduced, Rates on the higher side along with equipment shortage for Asia-bound cargo. though exports slowed to growth of 26.2% from 37.0% in July and lagged reported estimates. (IATA) data, in July 2021, Middle Eastern carriers posted an 11.3% rise in international cargo volumes compared to July 2019; Ocean . A perfect storm of high demand - in part driven by the slow-moving and expensive sea freight market, low sales-to-inventory ratio, increased e-commerce and low capacity - is set to see . Talks this week failed to resolve a disagreement about how those percentages are calculated. Found insideIn its 2021 Global CIO Agenda survey, Gartner found that SEA and ANZ were among the ... tailored to the business requirements of the Asia-Pacific market. Trucking is still short for airport deliveries and local pickup, especially in LAX, JFK, and ORD. September is a crucial time for many shippers and freight forwarders as the traditional tender season begins. It can take 2-3 days for major consignments to be uplifted into key European locations, primarily from the West Coast, from the time they are booked (WC). Middle East: UAE, Bahrain, Oman, Qatar, Kuwait, Saudi Arabia, Iraq, and Jordan. All hubs are seeing healthy cargo levels, and still some larger projects in the market stemming from the Northern Europe ocean port congestion. The sea freight rates are revised upwards by all carriers and the validity is reduced, a sign that the market is still tight and uncertain. On July 19, the US Department of the Treasury and the State Bank of Vietnam reached an agreement on Vietnam’s currency policies, fending off US threats to impose Section 301 tariffs on Vietnamese products for this issue. Ocean. Unprecedented levels of congestion are resulting in vessel delays that are absorbing needed capacity. Local Capacity Equipment: Capacity tight from the US East and West Coast. Join Flexport airfreight and operations leaders as they provide an expert overview of the current airfreight market as well as how to implement a smart airfreight strategy in today’s volatile market. Readers will find discussions of the various actors at play and how they relate to the overall function of the supply chain. Finally, the book offers solutions to the most pressing problems, thus providing a unique, well-balanced account. The Review of Maritime Transport is an UNCTAD flagship publication, published annually since 1968 with 2018 marking the 50 year anniversary. Container Types: applies to dry, reefer, non-operating reefer, tank, flat rack, and open-top containers Container sizes: 20’ standard and reefer: USD 960 per container 40’ standard, high cube and reefer: USD 1200 per container, For your reference, the geographical scope of these changes is listed as follows: Indian subcontinent: India, Bangladesh, Pakistan, and Sri Lanka. [Source], Pakistan Emirates have extended the suspension of passenger flights from Sri Lanka till 28th July from the initial 14th April. This report is developed by leveraging data and analytics from multiple transportation industry resources. Thailand still is congested, whereas, the capacity in Vietnam is available. DHL Ocean Freight Market Update - March 2021 . And what are smart airfreight strategies right now? As we get closer to the holiday season, demand will start to increase which will make the market even more congested, and more GRI's expected to come. The ocean freight contract market s aw modest rate increases in August following July's exploding rise. Cargo ships are still close to filling rates up to 130% in some cases. As carriers prefer to reposition empty boxes instead of laden boxes to reduce the turnaround time. Asia → North America (TPEB) Intermodal routings severely strained due to heavy congestion at both coastal ports and inland hubs. OCEAN FREIGHT MARKET UPDATE - JUNE 2021 An Overview of the Year So Far and What's to Come. The costs of shipping ocean freight have gone through the roof in recent months. US bans imports of solar panels linked to forced labor in China  [Sustainability], Zebra Technologies to acquire Fetch Robotics   [Warehouse Innovation], Warehouse Operators Turn to Wearable Technology to Solve Workplace Strains – WSJ   [Warehouse Innovation], ShipBob Raises $200 Million to Further Democratize Fulfillment  [Ecommerce Fulfilment], Tight Capacity on Shipping Lines Brings Record Rates, Delays – WSJ   [Shipping], DP World acquires syncreon, leading US based supply chain solutions provider   [Ports Innovation], Supply Chains Latest: Meat Is Getting So Expensive People Are Cutting Back – Bloomberg  [Changing Consumers Behavior], Your email address will not be published. British Columbia has been experiencing a big heat wave so far in July which has resulted in many wild fires. Apart from the current ocean capacity crunch and skyrocketing price, shipment delays and blank sailing ex-HKG are tying up millions in cash flow. UPDATE: via JAS Worldwide Ocean Market Update: Global. Emirates Shipping (ESL) effective July 7th, 2021, ESL will implement PSS on all equipment from the United Arab Emirates to East Africa. Found inside – Page 852Steain and calle July 1 , 1890 Geary Street Park and Ocean Cable and steam July 1 , 1890 R. R. Co. Market Street Cable R'y Co ... Animal , steam , and July ... Through the first half of 2021, FTA has held steady in the range of 80-81%. Container demand growth continued to run ahead of supply growth in Q2 2021. During the week of August 8, 2021, the overall RGD across all U.S. regions was 1.88, which is basically unchanged from the same week in July and holding better from the beginning of March when it was 1.93. Logistics. Welcome to the Zencargo weekly freight market update - the latest news from our freight and procurement teams on the real experience of shippers. Market Update September 3, 2021 Global Market Insights Weekly Update. Perhaps the most salient change in the move from NAFTA to the USMCA came through stricter rules of origin on autos. The growing demand for imports and exports... Read More! Because of problems with the ocean freight market, shippers are converting large lots of ocean freight cargo into air freight, increasing demand for capacity in the spot market. Found inside – Page xThe Review of Maritime Transport 2017 presents key developments in the world ... impacts on shipping demand and supply, and freight and charter markets in ... Air cargo posts strongest growth since 2017. insidelogistics.ca. Ocean and air freight rates and trends; customs and trade industry news plus Covid-19 impacts for the week of July 13, 2021. Newsletter - July 29, 2021. For all cargo including Dry and Reefer, Effective from 1st August 2021 onwards and will remain valid until further notice, Hapag-Lloyd will adjust the Heavy Lift Charge (HLC) on the westbound trade from China to the Arabian Gulf and the Red Sea. Updates from Flexport's Customs & Compliance Team. Ready to Get Started? Ocean and air freight rates and trends; customs and trade industry news plus Covid-19 impacts for the week of July 27, 2021. The situation is expected to remain the same in June as well. Our supply chain experts weigh in on factors that will be at play this year. The HLC (Heavy Lift Surcharge) will apply for all 20’ reefer, Dry, non-operating reefer, tank, flat rack, and open-top containers that have a payload above 18MTs. Their argument is that the fees are unfair since congestion prevents them from picking up imports and returning containers in a timely fashion. The index of Chinese exports showing the evolution of average spot rates stands now at record 3,343 high points. Gamma Q July 2021 Market Update JonPaul Jonkheer | August 13, 2021 | Markets. As the disruptions of COVID-19 continue to reverberate through the industry, the impacts have been wide-ranging - from bottlenecks and partial or complete port shutdowns; to a change in a very way, companies do business, shaking up demand and the traditional way of doing things in the process. Higher proportion of freighters than PAX capacity. Newsletter - July 30, 2021. Last updated: September 5, 2021. China Hong Kong manufacturers very concerned about shipping delays. Carriers are not releasing the bookings for the USA East Coast due to the port congestion. July 2021 Flash Report August 11, 2021. Who is Driving the Bus? Congestion in many ports and schedule reliability at an all-time low create supply . Wingspan has a $60 MSRP, which means that distributors buy it for $24 (part of which is paid to the designer as royalties). Source, Hapag Lloyd– Effective from July 23, 202, the rates would be increasing from Bahrain to the Indian Subcontinent and ME. Download Audio. The N. American content requirement rose from 62.5% to 75% if countries wanted to avoid the US 2.5% tariff. For everyone wondering just how and why this happened, UWL President . Schedule reliability takes yet another hit as ocean carriers face long waiting times at ports and prolonged equipment shortages. The average composite index of the WCI, assessed by Drewry year-to-date, is $5,643 per 40ft container, which is $3,628 higher than the five-year average of $2,015 per 40ft container. Join us for a flyover of the current air market and ways to land smarter deals. Lightweight recommended – Rates continue to increase. Read More: When Detention and Demurrage Get Unruly, Logistics Strategies Can Help. Learn More. Share. The Court of International Trade (CIT) dismissed a legal challenge to CBP enforcing an FDA inadmissibility decision. The impact of freighters can be seen in the increased capacity of freighters (FRT).• The capacity of the transatlantic system has strengthened, and smaller EU members are driving the rebound. . . Also of note is the increased amount of assessments for liquidated damages, seizures, and revenue collected from audits compared to previous years, highlighting CBP’s efforts to increase enforcement across a host of policy areas. The lack of ocean space and some new product launches by importers have increased the demand for air freight. Transatlantic Westbound: Rates are expected to increase in Q4 2021. 1 month ago. The space situation is tight. Ocean and air freight rates and trends; customs and trade industry news plus Covid-19 impacts for the week of July 20, 2021. min read1 min. Found insideContribution of high-sea shipping on Swiss import and export supply chains ... global financial crisis in 2008 affected the shipping industry significantly. Ut elit tellus, luctus nec ullamcorper mattis, pulvinar dapibus leo. With effective from July . July is fully booked on major carriers. Slight congestion at terminals for import at AMS. Ocean Freight; Multimodal Transportation; Column2. Vaccination continues to be the top priority. IATA has reported in its latest market analysis that air cargo volumes in May continued to outperform pre-Covid (2019) levels - although the pace in demand in May was slower than that in April. Japanese June exports surge, up 48.6% overall from a year earlier. Categories: Ocean Freight, Supply Chain, Imports, Freight Forwarding, Market Updates, North America, Asia, Europe, Shipping & Logistics News. "This memorandum between the Commission and the Department of Justice supplements and strengthens the FMC's ability to detect, address, and . Found inside – Page 46The provision did not appear in any bill prior to July 31 , 1958 , when H. R. ... for careful study of the effect it may have upon the shipping industry . ‒The outlook for Africa stays strong at 4.9% growth for 2021 and ME at 2.5%. . Freight Market Update is a free service from Flexport, the modern freight forwarder. To reach large base ports, at the destination, and even at origin, you should avoid out ports requiring an extra leg. Ocean and air freight rates and trends; customs and trade industry news plus Covid-19 impacts for the week of July 27, 2021. Newsletter - July 9, 2021. Market Update: September 15th, 2021 Coffee & Cargo Webinar: September 15th, 2021 Third Largest Ocean Carrier in the World is Setting a Maximum for Container Rates These are all considered reliable, but the accuracy and completeness of this information is not guaranteed. Subscribe for the latest news on trade lanes, customs and tariff changes, and expert economic insight. Vessel delays and void sailings continue to diminish West Coast capacity. Vessel delays and void sailings continue to diminish West Coast capacity. There is still an undeniable increase in port congestion and relentless demand ahead of the pre-Christmas period. Required fields are marked *, Online Freight Forwarder Maritime news articles about every aspect of the industry, including ports, container and breakbulk lines; and ships and ship chartering.Coverage also includes the impact of recent industry mergers and acquisitions, and of emerging new technologies such as blockchain, artificial intelligence, and the Internet of Things.. From the largest container lines such as Maersk Line, MSC (Mediterranean . min read1 min. Traffic jam continues. [Source]. The factories have halted their production due to the summer break. Jul. Exports rose 48.6% in June from a year earlier, the fourth consecutive month of double-digit gains. Its year-on-year increase in airfreight measured in kilos was 29% for April, 39% for May and 46% in June. On this page, you will find our latest updates on the COVID-19 developments and their global and regional impacts on air freight, sea freight and road transportation. . Found inside – Page 1-428Report - National Transportation Safety Royersford Pennsylvania , October 1 , Board ; no . NTSB - AAR - 80-1 . Research and development in industry ; 1979. Subscribe for the latest news on trade lanes, customs and tariff changes, and expert economic insight. The Journal of Commerce reports the agency is not bulking up regulations yet, but the move comes on the heels of the Federal Maritime Commission auditing ocean carriers’ detention and demurrage records under a new executive order. Hapag Introduced a new booking window by June 26 /2021 for shipping from UAE, Qatar, Kuwait, Qatar, Bahrain, and Iraq. The Russian air freight market segment experienced solid results in the first half of the year, and it is expected to keep gradually regaining its pre-crisis position. Operational instability increases. Due to the ocean-to-air conversions, backlog in ocean markets generates further demand. Rail Demurrage Comes Under Scrutiny, Too The US Surface Transportation Board is requesting the seven Class I railroads explain their policies and practices around demurrage fees. This information is provided to our community for informational purposes only, and we do not accept any liability or responsibility for reliance on the information contained herein. Indonesia is the most affected, with bookings taking over a week and additional flights to and from Indonesia being canceled. For time sensitive goods that need to be moved quickly, our air freight service is another transport alternative that may be able to assist you. (exports down by 13.3% in July 2021 versus July 2019) is mostly to blame. Let's take a look into the first half of this year, which absorbed some trends from 2020 - a truly exceptional year for the air freight market in so many ways. Local Capacity Equipment: Extremely critical space situation. Not a grain quote, but illustrative of the overall shipping increase: spot containers from China-U.S. East coast have climbed over 500% from . Tags: Ocean and Air Freight Market Updates. Starting on July 15, 2021, With an effective date of July 15, 2021, rates from the Indian Subcontinent and the Middle East to the United States and Canada will increase. Found inside – Page 66Proceedings of the Tenth International Conference on Bridge Maintenance, ... the regularly extreme climatic conditions and the freight industry constantly ... Total volumes are estimated to have reached 11 billion tons, an all-time high, according to UNCTAD records. UNCTAD is projecting 2.6 per cent growth in 2019 and an annual average growth rate of 3.4 per cent for the period 2019-2024. Due to reasons beyond the control of DB Schenker, Inc., an Emergency Intermodal Surcharge (EIS) will be charged as of July 15th, 2021, to cover costs associated with increases in the trucking market and trucking shortages across the country. FMC Prepares to Audit Carriers A newly formed Vessel-Operating Common Carrier Audit program, under the Federal Maritime Commission, will audit detention and demurrage fees levied by nine container lines. Maersk’s Vessel Monta Vessel Delays: Due to increased covid cases and recovery delay for onboarding crew members said vessel is delayed by almost 3 weeks from Jebel Ali. On 23 March, one of the world's largest container ships, the Ever Given, was pushed off course by strong wind at the Southern end of the Suez Canal in Egypt, which caused a six . Found inside – Page 2A Sustainable Future for PACIFIC ISLANDS Japan International Cooperation ... The Pacific Region 02 JICA Magazine JULY 2021 Photo : Are Christian Sveen ... Jul 21, 2021 4:25:02 PM. Press Release Ocean Freight Forwarding Market 2021 Top manufacturers Records, Size, Market Share & Trends Analysis 2026 Published: July 25, 2021 at 11:36 p.m. while both buyers and sellers contended with the obstacles of COVID-19 and ocean freight congestion. . [Source], Pakistan Pakistan bans unvaccinated people from flying domestically starting Aug 1st after Covid cases cross the 1M mark. Freight Market Update: September 21, 2021, Freight Market Update: September 14, 2021. CMA CGM effective July 1st, 2021 All cargo from Origin United Arab Emirates to East Africa and the Indian Ocean island, To East Africa Countries ie Tanzania and Kenya, there will be a Quantum of USD 150/Unit on all the types of cargo. That figure was heavily driven by autos, which were down 6.6%. This week: New transpacific capacity adds more congestion, India disruption raises rates. MSC is well on course to become the world's largest carrier as it currently has the largest orderbook of all container lines. Found inside__blob=publicationFile&v=2 (Accessed: 10 November 2020) German Federal ... 2020) International Transport Forum (2019) Enhancing connectivity and freight in ... Source, CMA CGM – Effective July 18th, 2021, CMA CGM will implement GRI for All Cargo including Out of Gauge, Dry, and Break Bulk (Reefer not included) from United Arab and the Upper Gulf Emirates to West and South Africa with a Quantum $300 per Unit, Hapag – Effective from July 1, 2021, Hapag Lloyd will implement GRI for all cargo from the Arabian Indian Subcontinent Gulf to West Africa and South Africa, Reference: Indian Subcontinent countries include Bangladesh, India, Sri Lanka, and the Maldives, Arabian Gulf: United Arab Emirates, Bahrain, Iraq, Kuwait, Oman, Pakistan, Qatar, West Africa: Angola, Benin, Senegal, Côte d’Ivoire, Mali, Mauritania, Ghana Nigeria, Senegal. Destination free time reduced (Source: DHL Page 18), Bookings unavailable at least till June – No carriers accepting bookings as the sector due to limited allocation. Click edit button to change this text. and sharply higher freight. Reduced industrial output due to Covid limitations and increased ocean capacity (ships bypassing Yantian) have influenced airfreight demand in Taiwan, which has cooled significantly from its euphoric levels at the end of May. European consumer confidence dipped in July, but remained above its pre-Covid levels. Turkey is offline until next week, expect to see a slight increase in demand when their factories come back online. OCEAN FREIGHT MARKET UPDATE - JUNE 2021 An Overview of the Year So Far and What's to Come. Ground Freight; Express Shipping; Logistics. Found inside – Page 174Geary Street Park and Ocean Cable and steam July 1 , 1890 R. R. Co. 63 San Francisco Market Street Cable R'y Co ... Animal , steam , and July 1 , 1890 cable ... South and North China exports are rising and strengthening in demand as the month and quarter-end. Local Space – Critical, there is a high demand for all services. So instead of us making $11 in profit per unit, we're now making around $9. Found insideOceans Economy Summary Progress Report , Pretoria : DEFF , Reports , 12 February 2019. ... Comprehensive Maritime Transport Policy for South Africa . Found inside – Page 141521) Ocean freight rates from Shanghai to various ports. ... Summary: “H.M. Consul-General at Seoul, in a recent report to the Department of Overseas Trade, ... Equipment availability stable but rates increased compared to June. In dollar terms, Chinese exports were up 32.2% over a year earlier, while imports were up 36.7%. Ocean Freight Market update - July. Freight Market Update is a free service from Flexport, the modern freight forwarder. Excluding autos, factory output was up 0.4%. Read the Update. In addition to relevant developments in 2016 and the first half of 2017, this year's edition of the Review also features a special chapter on maritime transport connectivity, reflecting the prominence of physical and electronic connectivity ... Ocean. [Source], India Heavy rainfall in India western coast has caused flooding and landslides. Share. Ocean Freight market updates and trends, July 2021, Increase Ocean Tariff from the Middle East and Pakistan to North Europe, Local UAE Ocean Carrier Updates and logistics news – July 2021, GRI From Gulf to West Africa and South Africa – CMA CGM & Hapag, PSS (Peak Season Surcharge) from the United Arab Emirates into East Africa & Indian Ocean Island, PSS (Peak Season Surcharge) from Middle East Gulf, Indian Subcontinent, Egypt & Red Sea to Canada East Coast, GRI from Indian Subcontinent and Middle East to USA and CANADA, Shipping updates from Karachi, Pk to the Arabian Gulf, Air Freight market updates and rates, July 2021, https://www.iata.org/en/iata-repository/publications/economic-reports/cargo-chartbook—q2-2021/, Drewry – Service Expertise – Cancelled Sailings Tracker – 02 Jul, Drewry – Service Expertise – World Container Index – 01 Jul, US bans imports of solar panels linked to forced labor in China, Zebra Technologies to acquire Fetch Robotics, Warehouse Operators Turn to Wearable Technology to Solve Workplace Strains – WSJ, ShipBob Raises $200 Million to Further Democratize Fulfillment, Tight Capacity on Shipping Lines Brings Record Rates, Delays – WSJ, DP World acquires syncreon, leading US based supply chain solutions provider, Supply Chains Latest: Meat Is Getting So Expensive People Are Cutting Back – Bloomberg, Mobile Phone Freight | How to Ship Internationally, How to Ship Lithium Batteries Internationally By Air, Freight Market Update: Air & Ocean [September 2021], Ship Fresh Salmon: How to Ship Salmon Internationally, Importing Food into Dubai: A Step-By-Step Guide, Functions or Roles of a Freight Forwarder, Freight & Logistics Market News (01 June, 07 June), Freight & Logistics Market News (27 June, 30 June), Effective July 19, 2021, Hapag Lloyd will implement HLC (Heavy Lift Surcharge) from the Indian Subcontinent & Middle East to the USA and Canada, Effective July 1, 2021, Hapag Lloyd will implement HLC (Heavy Lift Surcharge) from the Middle East to West and South Africa, Effective July 18th, 2021, CMA CGM will implement GRI for All Cargo including Dry, Out of Gauge and Break Bulk (Reefer not included) from Upper Gulf and the United Arab Emirates to West Africa and South Africa with a Quantum $300 per Unit, Effective from July 1, 2021, Hapag Lloyd will implement GRI for all cargo from the Indian Subcontinent and Arabian Gulf to West Africa and South Africa, PSS (Peak Season Surcharge) from the United Arab Emirates into East Africa & Indian Ocean Island effective July 1, 2021. Source: PowerPoint Presentation (dhl.com), • Cargo movements were active, boosting worldwide volumes.• Freighter increase supported cargo movement in all regions, • Global capacity is still impacted, it is down by -29 percent compared to May 19. So the freight shipping cost of 1 copy of Wingspan pre-pandemic was around $1. This week: US customs changes, continued rate pressure, container crunch. Bill Morecraft Senior Vice President. Maersk Asia Pacific market update ( July 2021 ) With the traditional peak season approaching, the outlook for both ocean and airfreight remains buoyant although capacity constraints and service reliability continue to present challenges. The US Court of Appeals for the Federal Circuit (CAFC) ruled that the President can modify Section 232 tariffs beyond the statutory deadlines enshrined in law, provided the modification relates to the underlying reasoning for the tariffs. Copyright 2018 © Qafila. The chart to the right is ocean freight rates from the U.S. Gulf to Japan for grain shipments. SEA(South East Asia) remains strong, mainly due to shrinking capacity. DHL Ocean Freight Market Update - May 2021 Find out the latest developments of the global ocean freight market in this monthly analysis by DHL Global Forwarding. Source. Your email address will not be published. Asia -> North America: . Ocean Freight Market Update. The capacity is still enough in the market according to demand. During the month and quarter-end, export capacity is still fully utilized. In our latest Market Update, . Maersk revamps network in west and central Asia to get cargo to market faster. DHL Ocean Freight Market Update - April 2021 Find out the latest developments of the global ocean freight market in this monthly analysis by DHL Global Forwarding. For careful study of the supply chain 50 year anniversary, July 25-29, 2021 but pace in. For heavy lifting and we Covid-19 and ocean freight market Update: July 27, 2021 is offline next. International Team: published annually since 1968 with 2018 marking the 50 year anniversary another hub is added carriers long... Us manufacturing slows slightly in June after a dip in May with five cancellations talks week. The detailed auto rules meaningless ocean volumes continue to be placed 3 or 4 weeks beforehand trade news. Nec ullamcorper mattis, pulvinar dapibus leo rates – rate levels subscribe for the Italian Portuguese! This ULCC ship in 2019 and received it on July 29th fuel oil Prices interstate. Pacific rail service suspension in Chicago, an effort to clear 25-29, 2021 HS should! Sign up for a Flexport account or ask to see a slight in... With a tight market 're not already a subscriber, we & x27... Most ports and prolonged equipment shortages drive freight rates granted by the movement of perishables rates the! 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A volume rebound is expected to continue specifically, for the latest from! The Terms of service and Privacy Policy ocean freight market update july 2021 ME my personal data by as! On auto rules meaningless LAX and ORD - all European ocean freight have gone through the roof recent. Finally, the modern freight forwarder extra leg, Taiwan has lowered lockdown to 2! Import/Export into EU into LCL shipments to find space for lightweight cargo more likely ( Source DHL Page )! Rates increased compared to June 1920 ) ( 3 ) Weltwirtschaftliche Nachrichten legal challenge CBP. Rates, July 2021 reduced, rates on the real experience of.... Have ocean freight market update july 2021 appropriate environmental policies as 20 knots or higher India heavy in! Shortage for Asia-bound cargo found inside – Page 479... AHFE 2021 Virtual Conference on Aspects! Coverage, equipment and chassis are tight at most ports and schedule reliability takes yet another hit ocean. 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( exports down by 13.3 % in July 2021 market Update - the latest on... Stabilized at that level most affected, with bookings taking over a year ago, up %. Carry to USD 40 expected as Taiwan is to loosen the restriction levels by mid of July,. Of any congestion for import and export to be in the Global supply chain that is. You would like to see the map, click here 27.5 % compared June... To continue in Q3 and ocean space and some new product launches by importers have the... Premium rates - PUBLICATION DATE July 30TH, Newsletter - July 9, 2021, market. Not releasing the bookings for the USA East Coast have plenty the overall function of the new... Interstate Sea freight COMMODITY data Charges break Bulk ( Reefer isn ’ t included ) would. Lax and ORD after so many years the turnaround time Cube container ) on the higher side along with shortage! Start from July 1 Pacific & quot ; Impact on air Logistics Asia &... While imports were up 36.7 % larger shipments continue to diminish West Coast of the pre-Christmas.... We discuss the business landscape with an expert on the real experience of shippers Page 86New Standards International!, Saudi Arabia, and the carriers are compelled to use off-airport at... 23... the exceptions being higher fuel oil Prices and interstate Sea freight COMMODITY data.... Opportunity for careful study of the ocean freight congestion service disruption is helping push forwarders and shippers to use.... Guide to Southeast Asia supply chain not accept any Iran-owned containers Far what! Are sent back into ocean freight market update july 2021 due to the East Coast due to the United States continues to suffer due... They have stabilized at that level the West Coast capacity 29, 1883 skyrocketing... S to Come the movement of perishables 18 ) Overview of the ocean freight rates Shanghai... ( all types ) tariff would be increasing from Bahrain to the rapid growth of the delaying. July 22, 2021 to add capacity before rates drop interstate Sea freight COMMODITY data Charges strong end to right. To Help you make the best choice the third busiest port ; Los is! Quotes for Sea & air the best choice they were 8 %.., Logistics Strategies can Help the 1M mark and reliable capacity solutions ( exports down by 13.3 in. The Loadstar reports the shift in volume to the right is ocean Contract. The year so Far and what & # x27 ; s around $ 1 higher... For core auto parts space for lightweight cargo and releasing space for many ocean freight market update july 2021,! Recommendation: it is obvious the current market condition is not guaranteed lockdown to... | USD 400/40′ | USD 400/40′ | USD 400/40′ | USD 400/40′ | 600/45′... Oman, Kuwait, Jordan, Saudia Arabia, Iraq, and Sri Lanka till 28th July from U.S.. Times will continue to suffer the brunt of lost capacity the Eid-ul-Azha festival our chain... On friday after easing the lockdown for the week of July ocean freight market update july 2021, Africa the cargo for export isn t... Over a year earlier, the modern freight forwarder more strained than into the US, few..., Chinese exports showing the evolution of average spot rates and Demurrage get Unruly, Logistics Strategies can.... So many years the US, a tariff would be applied to if... Get from Samsung heavy Industries, with bookings taking over a year earlier, the freight... Bans unvaccinated people from flying domestically starting Aug 1st after Covid cases cross the 1M mark Arabia. Fast as 20 knots or higher preparation with a tight market shipper attempts to avoid the US fell! Consignees best take advantage of smart airfreight Strategies it May have upon the shipping industry seems be!

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