El crecimiento de la demanda de la carga aérea ha mantenido el impulso en los talones de un sólido 2024, pero podría reducirse hasta dos tercios a medida que el mercado se normaliza y las condiciones comerciales se vuelven menos favorables, dicen los analistas. Pero incluso el crecimiento del 4%,...
supply and demand
Airfreight outlook remains bright to start new year
Air cargo demand growth has maintained momentum on the heels of a robust 2024, but could be cut by up to two-thirds as the market normalizes and trade conditions turn less favorable, analysts say. But even 4% growth, on the low-end of projections, would be considered a solid year by most industry stakeholders.
Global volume and rates have eased in the first two weeks of January, reflecting the post-holiday seasonal decline since the end of peak shipping activity in early December. But industry...
https://www.freightwaves.com/news/airfreight-outlook-remains-bright-to-start-new-year
Air cargo sector rides elongated peak season to strong finish
The air cargo sector has entered the busy season for cross-border shipping on a remarkable nine-month run, and logistics experts say the momentum will carry into the first quarter of 2025, a time of year when volumes typically recede after the retail sector’s holiday rush.
Volumes year to date are about 12% higher than at last year’s three-quarter mark, according to an average of industry datasets.
Global air cargo spot rates this month reached new highs for the year as demand continues to...
https://www.freightwaves.com/news/air-cargo-sector-rides-elongated-peak-season-to-strong-finish
Air cargo market: From ‘doom mongering’ to stability
The air cargo market is experiencing an unexpected bounce during the traditional peak shipping season culminating the year, fueled by e-commerce exports from China, but revenues for air logistics companies could be lower even if strengthening demand carries over into 2024, according to industry experts.
Still, the vibe in industry circles is that the worst of the freight recession is in the rearview mirror, with next year bringing welcome stability even if it takes until late summer for a...
https://www.freightwaves.com/news/air-cargo-market-from-doom-mongering-to-stability
HMM hit by ‘intensified’ imbalance between supply and demand
South Korean ocean carrier HMM’s second-quarter net profit plunged 89% year over year.
HMM provides little color in its earnings releases and reports in South Korean won. It reported Thursday that Q2 net profit was KRW 313 billion ($238 million), compared to KRW 2.9 trillion ($2.2 billion) in the second quarter of 2022.
Operating profit plummeted 95% year over year, from KRW 2.93 trillion ($2.2 billion) to KRW 160 billion ($121.8 million). Revenue dropped 58%, from KRW 5.03 trillion ($3.8...
https://www.freightwaves.com/news/hmm-hit-by-intensified-imbalance-between-supply-and-demand
Optimism fades for airfreight recovery on slow-healing inventories
Since late last year, air logistics executives have engaged in wishful thinking that the protracted downturn in shipping demand would start to recover after the first quarter and build through the year once retailers cleared out excess inventories. That rosy scenario is fading.
Worsening indicators suggest the international freight recession hasn’t hit bottom and that the best outcome air cargo providers can hope for until October — typically the peak season for goods movement — is halting the...
https://www.freightwaves.com/news/optimism-fades-for-airfreight-recovery-on-slow-healing-inventories
Sea Shipping Costs Plunge Amid Sliding Demand
Sea shipping costs have plunged by over 80% from the previous peak as consumption has dropped amid inflation concerns, reports VN Express.
Price dropTran Lam Son, CEO of wood and furniture exporter Thien Minh, said that shipping a container to Europe now costs around $1,700, down nearly 92% from the peak of $20,000 a couple of years ago. The price drop poses opportunities for businesses like Thien Minh but is perceived as a negative sign for the logistics sector.
Logis...
https://mfame.guru/sea-shipping-costs-plunge-amid-sliding-demand/
Superhot airfreight market leaves shippers in the cold
Importers and exporters should brace for the pandemonium roiling the ocean freight sector — where container shipping delays and prices are at all-time highs — to wash over the air cargo market this month.
Full planes and skyrocketing freight rates are signs the market has tightened to the point that shippers will be hard-pressed to find air transport for their goods as holiday-season shipping enters the stretch run, according to market analysts and logistics specialists.
Welcome to the...
https://www.freightwaves.com/news/superhot-airfreight-market-leaves-shippers-in-the-cold
Explainer: why is there a shortage of food quality containers around the world?
Producers of all kinds of agricultural produce around the world may be finding it difficult to obtain a food quality container to ship their goods to export markets.
Unfortunately, this is a complex problem and, alas, it is one we have seen before. This time around though, it is also aggravated by the COVID crisis and it may well get worse.
What is a food grade container?Let us tell you what it is not: it is not a “clean”...