Airport congestion masks softening in trans-Atlantic air cargo

A large cargo pallet on the tarmac waiting to be loaded in the open door of a large jet.

The cargo holds of aircraft flying between Europe and North America are less full than a month ago as the number of passenger flights swells and shipping demand softens, but supply chain friction and high jet fuel prices are artificially propping up freight rates in a declining market, according to logistics experts.

Cargo owners could enjoy considerable pricing relief in the months ahead if airport constraints get better, Niall van de Wouw, co-founder and managing director of analytics firm...

https://www.freightwaves.com/news/airport-congestion-masks-softening-in-trans-atlantic-air-cargo

Dry bulk player SW Shipping plans to enter buoyant container market

South Korean dry bulk vessel operator SW Shipping will become the newest entrant to container shipping next year, operating a shortsea service to Vietnam from South Korea.
SW CEO Kang Seong-hun signed a memorandum of understanding with the government of Gangwon province, Donghae Port and Donghae Regional Office of Oceans and Fisheries to launch the service between Donghae and Ho Chi Minh City next June.
And in 2023, the line intends to …

The post Dry bulk player SW Shipping plans to enter...

https://theloadstar.com/dry-bulk-player-sw-shipping-plans-to-enter-buoyant-container-market/

Xenata providing rate transparency in turbulent ocean freight market

Xenata co-founder and CEO Patrik Berglund said providing ocean freight rate transparency is more important now than ever.

“In today’s [pricing] market, this spread is the most I’ve ever seen in my entire career. In this industry, it’s flabbergasting to see that. We have a market where you can find a $15,000 rate and then at the same time, we have customers moving for $2,500. That is just insane to see,” Berglund told FreightWaves. 

“Let’s say you have a low-value commodity. If you have a...

https://www.freightwaves.com/news/xenata-providing-rate-transparency-in-turbulent-ocean-freight-market