Carriers look to short-term gains over blanking, as Red Sea crisis props up rates
With the Red Sea crisis continuing to artificially prop up container spot rates, carriers have ...
As expected, the air freight figures for June are not healthy. IATA’s results, released today, show volumes rose just 1.2% in June, consistent with falling trade and weaker-than-expected growth, it said. Asia and the Americas reported declines, while Europe was flat. It was, of course, the Middle East and Africa that pulled the numbers into positive territory. Looking at the first half of 2015, growth is weaker than in 2014, notes IATA, with mixed signals for the second making it hard to predict.
MSC Aries now bound for Iran, and crisis will be 'a catalyst for higher rates'
Urgent call for breakdown of cargo onboard as General Average declared on Dali
Hong Kong drops out of world's top 10 busiest container ports
Iranian troops seize MSC box ship while Somali pirates net $5m ransom for bulker
Flexport is 'back on track' – now it needs to start growing again
Bottlenecks and price hikes as airlines now avoid Iran airspace
Capture of MSC Aries will further drive up Indian export costs
Iran may now pose a threat to multimodal supply chains via Dubai
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