Air Freight

By Kevin Varley and Ann Koh (Bloomberg) — The partial closure of the world’s third-busiest container port is worsening congestion at other major Chinese ports, as ships divert away from Ningbo amid uncertainty over how long…

By Brendan Murray (Bloomberg) — Container shipping rates from Asia to the U.S. and Europe increased to new record levels over the past week, ensuring transportation costs will stay elevated for companies heading into a peak…

The situation of the global shipping trade gives no sign of positive improvement. Chronic congestion in Asia, particularly at Southern China ports, in the US and Europe will force rates even higher and…

By Mike Wackett (The Loadstar) – Short-term freight rates from China to North Europe have breached the $20,000 per 40ft mark, while transpacific carriers are quoting rates of up to $25,000 to the US west…