At Seair Global, we are always on the lookout for the latest trends and developments in the global trade and logistics industry. Here are some of the highlights from the industry:
- The pandemic has reshaped the US import landscape, with China’s share dropping below 40% and other countries like South Korea, India, and Germany gaining ground. However, the data may not capture the full picture of transshipment, outsourcing, and nearshoring activities that are also affecting the trade flows.
- The Cape of Good Hope route has become more popular among major liner operators since the Red Sea crisis, leading to a spike in spot container rates and surcharges. The FMC is planning to hold a hearing on this issue next week.
- Indian shippers and forwarders are facing vessel space constraints for North America-bound cargo due to fewer sailings and unsettled schedules.
- Maersk and Hapag-Lloyd have announced the Gemini Cooperation, a new initiative to improve their schedule reliability and service quality. They aim to achieve 90% on-time performance, which could give them a competitive edge in the market.
- The PANYNJ is experiencing some vessel bunching due to the Cape routings, but the impact is mild compared to other ports. The terminals are handling more ships than usual, but they are coping well with the situation.
- ONE has received design approval for a dual-fuel 3,500-TEU ship that can run on ammonia, a zero-carbon fuel. ONE said it will continue its research on ammonia as one of its primary focuses.
- CMA CGM has signed a supply partnership with Masdar to source, supply, and deliver a range of green fuels to its bunker locations.
These are some of the stories that illustrate how the global trade and logistics industry is evolving and adapting to the changing world. At Seair Global, we are committed to providing our customers with the best solutions and services to meet their needs and expectations. We are also dedicated to pursuing sustainability and innovation in our operations and partnerships.
If you are interested in learning more about how we can help you with your global trade and logistics needs, please contact us today. We would love to hear from you.
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